Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (7279)	5/29/2001 4:08:32 PM
From: craig crawford	Read Replies (2) \| Respond to of 57684

Are you going to still be holding in 2005 when the crisis hits?

To: Bill Harmond who wrote (7279)	5/29/2001 4:11:47 PM
From: craig crawford	Respond to of 57684

Another good article from the clown free thread. iht.com Telecoms Trouble Bond Traders, Too Mitchell Martin International Herald Tribune Monday, May 28, 2001 Hastening the doom of these endangered carriers is the form of bonds they sold. According to Moody's, about $31 billion of discount notes was sold by telecommunications companies in the late 1990s. These securities, sold well below face value, had five-year grace periods before they had to start paying interest. The idea, Mr. Fuss noted, was to let companies raise money and get their systems up and running and generating enough revenue to start making interest payments in five years. The first of these issues are supposed to start paying interest now, though the bulk will cross that crucial threshold in 2002 and 2003. Many of these companies can be expected to miss their debt payments and go bankrupt.