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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..] -- Ignore unavailable to you. Want to Upgrade?

To: gruetz who wrote (1279)	8/10/2000 12:35:26 AM
From: Bernard Levy	Respond to of 1860

Hi gruetz: Telecoms that are still in their money losing phase are much more sensitive to interest rates than banks. If we have a hard landing with a recession lasting, say 18 months, banks will make less money, and may be hit with losses for 2 or 3 quarters, but their plight will be trivial compared to telcos that are already losing money in good times. What we really need is a soft landing followed by a first interest rate cut (or perhaps just the perspective of it) and we'll be off to the races. Best regards, Bernard Levy