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To: Dexter Lives On who wrote (11038)7/11/2001 2:08:21 PM
From: Dexter Lives On  Respond to of 14638
 
Goldman Sachs Takes Axe To Telecom Market
July 11, 2001 | InternetNews - Finance News Archives
By Jim Wagner

Analysts at Goldman Sachs & Co. took the axe to many of the high-tech industries biggest names Wednesday, downgrading stock value ratings in the face of continued market conditions and financial difficulties.

The investment firm's analysts were indiscriminate in their concerns over which types of companies were to blame for the bullish tech sector and predicted the problems to last at least through the second half of 2001. Downgraded were competitive local exchange carriers (CLECs), Web hosting companies and long-haul fiber carriers.
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internetnews.com