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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (28044)	9/8/2000 11:48:38 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68309

On a longer term perspective I agree with you. But, short term the street is slaming the sector due to the drying up of access to cheap capital to fund build outs and the consolidation in the industry which is delaying spending. This is traditional a weak Q with the slow down in Europe since most of Europe is on vacation in July or August. As the market conditions are weak right now, focusing on the bottom line is the issue of the day amd right now a lot of companies are not making money and are cash flow negative. WSJ slamming the sector today. interactive.wsj.com We have seen this before, but as inflation final takes hold as evidence by the rise in oil prices, the telecoms will lose their access to cheap capital. How long that continues will determine the lenght of the current decline.