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To: pater tenebrarum who wrote (19584)	9/19/2000 1:33:56 PM
From: jimcav	Read Replies (1) \| Respond to of 436258

Defaults already happening, I expect more to follow. "Concern may also stem from vendor financing risks, in which network equipment suppliers help finance the purchase of their equipment. Fiber-optic system supplier Ciena Corp. (NasdaqNM:CIEN - news), which fell $9-1/16 to $205-3/8 on Nasdaq on Monday, has said it would take a fourth-quarter charge for up to $28.2 million in vendor financing it may not be able to collect from a European customer."

To: pater tenebrarum who wrote (19584)	9/19/2000 2:05:06 PM
From: Oblomov	Read Replies (2) \| Respond to of 436258

I have a good friend who works at a bulge-bracket investment bank. His timing has been impeccable. He started there in late 1997 working in fixed income derivative research. Needless to say, his department was rocked by the events of summer 1998. He lost his job, and had to take a much less sexy position elsewhere in the bank. Guess where he transferred in February of this year. Global Telco Fixed Income Sales...