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To: jghutchison who wrote (11332)	7/13/2001 1:17:52 PM
From: GraceZ	Respond to of 12623

1112.net

To: jghutchison who wrote (11332)	7/13/2001 6:29:20 PM
From: Ibexx	Read Replies (1) \| Respond to of 12623

Jack or anyone, Care to comment why ONIS is dropping like a rock? I thought the metro market remains alive and well. Other than the fact that one of ONIS insiders sold a large block of stocks, I couldn't really find any negative news that would account for the continuous drop. In my own experience, insiders selling is not always meaningful no matter how large the transaction; insiders buying - yes, a clear positive almost in all cases. Thanks for any insights you may have. Ibexx

To: jghutchison who wrote (11332)	7/14/2001 4:03:58 AM
From: Dale Baker	Read Replies (2) \| Respond to of 12623

Jack, the idea that today's FO network is a waste ranks up there with the IBM morons who couldn't understand why anyone would want a computer at home. Just give it time - reality will set in, the finances will balance again and progress will continue with the broadband world. How long? A few years, unfortunately. The corporate damage was severe.

To: jghutchison who wrote (11332)	7/14/2001 8:44:20 AM
From: Rustam Tahir	Respond to of 12623

Jack, what I found interesting was that GLW had to suspend its dividend, something that it never did for over a hundred years. That tells me they're in a severe cash crunch which means they spent too much, too fast for the revenue flow they are now experiencing. To close or postpone the construction of plants is a waste. Paying too much for inventory that may never get used. That's certainly a waste. Overpaying for companies that might never see the black side of the ledger is certainly a waste. As the guy said, fiber optics is not dead, neither is the need for the internet to get more robust, it's just going to take years to work off the financial miscalculations and debt that the bubble frenzy created.