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Technology Stocks : SDLI - JDSU transition -- Ignore unavailable to you. Want to Upgrade?

To: gbh who wrote (888)	3/29/2001 4:04:25 AM
From: pat mudge	Respond to of 3294

Ravi Suria: There is no shortage of examples from those where restructuring seems imminent, like PSINet (PSIX:Nasdaq - news), Covad (COVD:Nasdaq - news), RSL Communications (RSLC:Nasdaq - news), Winstar Communications (WCII:Nasdaq - news) and Teligent (TGNT:Nasdaq - news), to those where the problems are a few quarters off still, like XO Communications (XOXO:Nasdaq - news), Williams Communications (WCG:NYSE - news), Exodus Communications (EXDS:Nasdaq - news) and Level 3 (LVLT:Nasdaq - news). Their common problem is that they simply have too much debt. The reason they can't sell out or expand is that their access to capital has been shut off because they have too much debt. What percentage of the carrier market do these companies represent? Don't incumbents still represent about 80% of all capex spending? Maybe someone has the figures. Pat