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

To: Raymond Duray who wrote (1290)	8/10/2000 3:59:46 PM
From: silicon warrior	Read Replies (1) \| Respond to of 1860

WCII burn rate should not be material if she goes EBITDA positive within 10 months. Issue now is does anyone believe you can make money/grow earnings in telecom/ data transport. For now, we're more than out of favor. The entire sector is the flavor de Jour for shorts playing inverse Mo. Right now, I wish I bought CDs.

To: Raymond Duray who wrote (1290)	8/10/2000 5:03:37 PM
From: limtex	Read Replies (2) \| Respond to of 1860

RD - Correlation bewtween WCII and TGNT is very good. Everyone had a chance to get out well over $60 but we all love this idea too much. Thats the biggest problem for many of us, we fall in love with the idea. BR is in love with it too and probably thinks WCII is the greatest. It might well be but it does have just two little problems and that is that it is losing money and has quite a lot of debt. WCOM on the other hand is making money but looks tired and run out of steam. Well all thats relative I guess I mean it is expected to show quite good growth 00 to 01 but will the top line keep up the anticipated growth? Well at $30 and $1.88 for 00 earnings that gives it a P/E of about 15 which is a little high IMHO when people are nervous about your growth and you are a big company. In an economic slowdown why wouldn't a P/E of 8 to 12 be more appropriate? Thats what seems to me to be happenign across the board. Tlelcom is yesterdays story and there is now so much capacity the it looks like future profits are going to be hard to earn in view of the massive competition. Last year telecom was flavour of the year but this year its a dead duck and getting deader. Great news for consumers and shorts but not much good around here. Now it's Dells turn.Came in with earnings at the estimate number and revenues a little light. Good grief revenues a little light....NAZ is going to get crushed tomorrow and Dell at least they aren't in the wireless business. Its sort of like the market is going to take back everything it gave in the last few years, feels like approaching a financial black hole. Week by week down it goes across portfolios a little drop here, a little drop there up a bit then down even more, relentless grinding elimination of net worth. For those that thought of investment well .....NAZ is not investment it is gambling plain and simple but we like to think of it as investment after due diligence...we are entitled to think it. Well Mr G at least will be delighted. The NAZ is crushed and the wealth effect is....well lets just say it isn't there any more. Mr G can get up in the morning, and leave the house with a spring in his step. "I never targeted the market" " Irrational exhuberance...I was misquoted"...briefcase under arm he has reached the warm sunlight uplands of having been proved right.....the NAZ lies prostrate at his feet. Best regards, L