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To: GST who wrote (109920)10/8/2000 11:32:06 PM
From: Glenn D. Rudolph  Respond to of 164684
 
watch for bond-ratings to drop to slow
down infrastructure plays -- not to mention the bite of higher interest rates both here and
elsewhere. Shaky junk bonds are going to cause a stir.


This is a problem and I believe we are already seeing signs of it.

Glenn



To: GST who wrote (109920)10/8/2000 11:42:26 PM
From: Bill Harmond  Read Replies (1) | Respond to of 164684
 
>>the capital intensity of the infrastructure build-out makes the telecoms reliant on the debt market

not everyone by a long shot.



To: GST who wrote (109920)10/8/2000 11:43:34 PM
From: Bill Harmond  Respond to of 164684
 
>>Shaky junk bonds are going to cause a stir.

Going to?