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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (86968)	12/15/2000 10:24:11 PM
From: Earlie	Respond to of 132070

A.M.: Note Nortel's recent swoon. That swoon came about as a result of the market learning that Nortel was not only financing its own equipment sales, but also financing the installation costs as well. And to make things even worse, the clients of this philanthropy tend to be domiciled in far away lands where folks don't get too excited by things like missed payments. Cisco's business going well? Try subtracting the sales brought in by Cisco's many acquisitions. This will give you a handle on actual internal growth. It will also cause considerable heart burn. There are three optical network companies that have recently been put up for sale (by their respective boards of directors). There have been no bidders so far. If we could just get those bright whiz kids in the labs to cease finding ways to drive ever increasing amounts of data down each fibre optic conduit, then the business might still be OK, but they won't. Check out just how much fibre has been laid of late and just how much excess capacity and duplication we already have in place. It will shock you. The belief that web traffic would continue to experience continuing growth for forever has I believe, been finally put to rest. As web traffic growth approaches the "hump" (and just watch what happens to it as stock market interest begins to wane), the need for continued manic growth in networks must subside. Unfortunately, the build-out has exceeded actual commercial need by a considerable margin and we are about to pay the usual cost for this exuberance. Best, Earlie