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

To: Raymond Duray who wrote (9195)	11/19/2000 8:30:58 PM
From: Frank A. Coluccio	Read Replies (1) \| Respond to of 12823

"They were way ahead in 1992, they must be bitter, huh?" Umm... make that.. 1982, Sir ;-) FAC

To: Raymond Duray who wrote (9195)	11/21/2000 8:24:26 AM
From: MikeM54321	Respond to of 12823

Re: The Communications Industry Is Not Dead "Shares of high-flying computer-networking companies plunged dramatically Monday, as investors bet that the frenzied expansion of both the public Internet and private 'intranet' computer networks is finally beginning to slow." Ray and Thread- The above line was written in 1997. I got a kick out of this article and thought others on this thread might also. No doubt I'm concerned about the stock market's debacle and it's resulting 'un-wealth' effect. So I try hard to look longer term and it's not easy to get past all the doomsday sayers coming out of the woodwork. Below is an article that takes a longer view of the telecommunications industry. -MikeM(From Florida) _______________________ The Communications Industry Is Not Dead by Pat Dorsey 11/1/00-- Pop quiz: For $500, or what's behind door number three, identify the date of the following headline: "Shares of high-flying computer-networking companies plunged dramatically Monday, as investors bet that the frenzied expansion of both the public Internet and private 'intranet' computer networks is finally beginning to slow." Nope, the date was not two days ago. (But thanks for playing!) In fact, this was written in a major metropolitan newspaper way back in the Paleolithic era, circa early 1997, when Wall Street was having one of its periodic freak-out sessions about a slowdown in demand for networking gear. The word on the Street was that companies just weren't going to spend as much moolah on all those expensive routers and switches, and so the entire networking group fell off a cliff. Even Cisco CSCO lost about a third of its value between late January and mid-March. For a little perspective, Cisco was then trading at a split-adjusted $7 or so. So much for slack networking-gear demand over the past three years. What Wall Street's Worried About The fright du jour is that telecom carriers will rein in their spending next year, which has sparked a revaluation of just about every company that's ever taken a WorldCom WCOM purchasing manager out to lunch. To me, this sell-off reached the height of irrationality this past Monday, when a Lehman Brothers analyst lowered his price target on Cisco, plunging the entire group further into the toilet....(cont'd) news.morningstar.com