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

To: MikeM54321 who wrote (8451)	9/12/2000 5:24:33 PM
From: MikeM54321	Read Replies (2) \| Respond to of 12823

"It's too bad that Wall Street, via the media and their own PR, can effect the valuation of companies based on their own agenda. And I can tell you that agenda isn't making individual investors money." Thread- What a joke the past week has been. WS is intent on cratering telecom infrastructure companies. Those big shots returning from their Hamptons vacations are doing almost exactly what I figured they would-- Driving the sector down so they can establish their positions before they pump it back up again. In spite of their noise, here's some factual evidence about what is happening versus the self-serving hype Wall Street puts out. ____________ June quarter results were very strong for the telecom equipment companies, with revenues increasing on average of 34%, and seventeen of the twenty three companies beating our estimates. Capital expenditure budgets continue to increase at an unprecedented pace. We have recently raised our 2000 U.S. capital expenditure forecast from 15% to 20%. Carriers continue to recognize the need to upgrade their networks to accommodate the increasing demand for bandwidth. In recent surveys, they have identified the access portion of their networks as the weak link. In addition, we see large opportunities for deploying optical networking and packet switching equipment. ____________ As I said, it's too bad so many listen to the noise coming out of the street. Ironically the above is out of ML, but certainly not being pushed to the headlines now. BTW I do have great respect for a lot of individual analysts. It's their houses and money managers, that control the news flow, that I'm not too fond of. And this is in spite of my concern about valuations of the pure optical players. I still think those may be overvalued, but it doesn't mean the entire sector should be taken down with them. -MikeM(From Florida)