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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: telecomguy who wrote (9167)	1/3/2001 4:42:17 PM
From: Bosco	Read Replies (2) \| Respond to of 14638

Hi tg & all - the following piece of news from Briefing.com is not about NT, but it has enormous ramifications 15:43 ET XO Comms (XOXO) 19 15/16 +4 1/8 (+26.1%): -- Update -- As noted in 09:54 comment, shares of telecom services company benefiting from a combination of a short-squeeze and improving rate/lending environment. In a note out this afternoon, Prudential lists CLECs among the stocks it expects to benefit from this environment. Believes that XOXO has the most to gain if the capital markets open to new fund raising. it looks like the Street may be inclined to turn on the tap for the CLECs. With the Fed relaxing the rate in such a dramatic fashion [i.e., 50 basis pts,] 1) it may allay the fear of a credit crunch and thus 2) elevate the capex level; and 3) if this is the case, the Street may also look past a short term hiccup [like disappointment due to delivery postponement, so long as the delivery is real.] best, Bosco