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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (58483)	3/13/2002 12:33:03 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

Thank you. I'll tell you, I'm surprised I remember anything from my grad school days. I thought I'd never look at those textbooks again, but every decade or so, I have some reason to whip them out again. LOL.

To: Eric who wrote (58483)	3/13/2002 12:33:34 PM
From: Eric	Respond to of 77400

Good story on front page of WSJ this day..... Telecom Industry Leaders Struggle With Growing Debt, Overcapacity By REBECCA BLUMENSTEIN and GREGORY ZUCKERMAN Staff Reporters of THE WALL STREET JOURNAL A perfect storm has hit the telecom business, spreading beyond small upstarts to threaten some of the industry's biggest players. A few months ago, most of the damage seemed confined to overleveraged newcomers competing with Baby Bells and to fiber-optic companies brought low by a spectacular glut of cable. But now, spooked by accounting questions and faltering growth prospects, investors and banks are recoiling from the whole $300-billion-a-year industry. Long-distance carriers, wireless companies and even local phone giants are getting caught up in the turmoil, and many face sharply higher borrowing costs at a time when they most need access to capital. "It's never been this bad, not even close," says Scott Cleland, chief executive of Precursor Group, an independent research company based in Washington, D.C. Signs of distress are everywhere: online.wsj.com