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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: mph who wrote (59546)	11/10/2000 10:02:19 PM
From: Doppler	Read Replies (1) \| Respond to of 63513

Bush is a ...Oh wait a minute. No more politics. :-) I forgot. This post is about personal evidence of a capital goods spending slowdown in the tech sector. Last May I was asked to invest in a private placement for a rapidly growing regional telecom company (hugely successful penetration of local phone service, ISP, and then DSL service). They were expanding their DSL service so I took a look at their operations. We toured their main facility and the first thing that struck me were the banks and banks and more banks of routers, ATM switches, etc. All were from NT. When we started talking money they said that NT had invested 6 million in them. Well, it turned out that actually the "investment" was an equipment loan. I ended up declining their invitation (thank God) because guess what company declared bankruptcy 2 days ago. And guess what big Canadian company is getting 6 mil in equipment shipped back to them. I doubt that with the present environment and the failure of so many dot.coms etc that this is an isolated case.