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 : News Links and Chart Links -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (2309)	7/15/2002 10:58:13 AM
From: Les H	Read Replies (1) \| Respond to of 29596

Telecom usatoday.com extract: Waves crashing ashore The telecom mess is unfolding in waves. The canary in the phone line was the crumpling of telecom equipment makers such as Lucent Technologies and Nortel Networks in 2001. The second wave has been the devastation of long-haul carriers such as WorldCom, Global Crossing and Qwest Communications. The next wave, many believe, will hit the older telecom giants such as AT&T, Verizon Communications and BellSouth. That wave might already have begun overseas. Deutsche Telekom, overloaded with debt and losing customers, is spiraling toward disaster. France Telecom seems close behind. Then look for a fourth wave: the wireless industry. Keep in mind, though, that some waves of telecom trouble will wash by as others crest. Superinvestor Warren Buffett apparently believes that the worst has passed for the long-haul carriers.