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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: Enam Luf who wrote (8177)	8/25/2000 12:05:31 PM
From: MikeM54321	Respond to of 12823

Enam- Finally two comments about the valuations of the optical players. One out of legacy equipment maker, Tellabs new CEO, Dick Notebaert. And the other out of an analyst. An analyst?- Oh no. Sacrilege! "Lucent paid $4.5 billion for Chromatis Networks, which makes DWDM products. Sycamore also has its own DWDM line. And ONI Systems has risen fourfold since its June IPO, thanks to its DWDM products. Notebaert doesn’t understand how Wall Street can reward companies with high valuations when they have no sales. He said fiber-optic start-ups are themselves dealing with start-up carriers like Enron Broadband and Williams Communications. These networks themselves tend to magnify their own network buildouts, and that means magnifying their suppliers, Notebaert added. “I don’t mean to diminish the traction of fiber-optic equipment at all,” he said. “But I doubt the market will support all of those high valuations....says Lehman Bros. analyst Steve Levy..” -MikeM(From Florida)