Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (51772)	5/20/2002 2:02:44 PM
From: Sully-	Respond to of 65232

14:00 ET Treasury budget surplus was $67.2B, near expectations : No big surprises in the April budget numbers: the $67.2 bln surplus was only slightly below the consensus of $70 bln and should have no market impact.

To: Sully- who wrote (51772)	5/20/2002 2:25:36 PM
From: stockman_scott	Respond to of 65232

Here is a list of Capex cuts in Telecom from 2001 to expected 2002 (six largest in the U.S.): Verizon Wireless 2001: $5 billion 2002: $4.5 billion Cingular 2001: $3.4 billion 2002: $5 billion AT&T 2001: $5 billion 2002: $5.3 billion Sprint 2001: $3.5 billion 2002: $3.4 billion Nextel 2001: $2.5 billion 2002: $2 billion Voicestream 2001: $1.8 billion 2002: $2 billion Total net increase/decrease 2001: 21.20 billion 2002: $22.20 Overall increase of 5%* Bear Stearns, et.al., comments on Capex Spending, in Telecom, as being a culprit in dragging down the rest of the technology is unjustified given these numbers. They make a point of saying that Telecom represents the "largest" percentage spender on new technology; yet the expected Capex figures for 2002 do not bare out their pessimism even when considering the entire Telecom sector as a whole. *source SoundView Technology Group -This post was 'borrowed' from the DELL thread. Message 17491681