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To: BWAC who wrote (3039)5/5/2002 8:48:01 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 95456
 
>> Where will the telecoms be if they don't continue to invest in their future?

The way it is turning out, the new startups spent all their cash, and went out of business. So that takes the pressure off the surviving companies and allows them to slow down their spending to the level of their cash flow. Certainly no-one will lend them any money now. So the whole buildout of the data and voice networks slows down to match the level of revenue from paying customers.