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To: hospitalman who wrote (3701)9/6/2000 7:13:25 PM
From: Rustam Tahir  Read Replies (2) | Respond to of 3818
 
It's more than just Intel. Amcc was downgraded on valuation, WorldCom downgraded on earnings which led the analyst to speculate that the telecoms won't have the money for cap expenditures, and CIEN was hit with a bad debt which also lent credence to the idea that telco companies can not sustain the cap expenditure pace they were on.