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To: Vitalsigns who wrote (51063)	6/28/2001 10:03:47 PM
From: Rocket Red	Read Replies (1) \| Respond to of 62348

Its still Early in the Fiber Optic's Game as more Companies will follow suit.If and when TSX starts selling off equipment it will still hurt them all.

To: Vitalsigns who wrote (51063)	6/28/2001 10:49:07 PM
From: Rocket Red	Respond to of 62348

Steve Maich The Financial Post Tuesday, June 26 Few telecommunications companies will escape unscathed if 360networks Inc. [T.TSX] defaults on its loans next month, analysts say. The company is facing receivership if it does not pay its creditors within 20 days. A long list of companies, from suppliers and partners to competitors, are bracing for what may be the first of many bankruptcies in the industry. Should 360networks fail, it could send a flood of network equipment into the market at rock-bottom prices, starting a domino effect of reduced demand and prices, leaving only the very strongest in the industry standing, analysts said. Should 360networks fail, it could send a flood of network equipment into the market at rock-bottom prices. "The demise of a global carrier such as 360 would send shockwaves through the optical networking industry, exacerbating the slowdown in demand for optical gear," analyst David Jackson at Morgan Stanley warned clients in a research note yesterday. Vancouver-based 360networks missed a US$10.9-million debt payment on June 15. Greg Maffei, a former Microsoft Corp. [MSFT] chief financial officer, is reviewing the company's options as he tries to raise the US$300-million 360networks needs to stay afloat. The company's options are "increasingly limited," Mr. Jackson said as he discussed the likely impact on the industry should the company go bankrupt. The fallout would immediately hit equipment suppliers such as Nortel Networks Corp. [T.NT], Alcatel SA [ALA], and Sycamore Networks Inc. [SCMR], which have billions in outstanding contracts with 360networks, he said. "In the relatively short term we expect some very big names in telecom to disappear