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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (7472)	9/26/2002 4:02:56 PM
From: Jim Willie CB	Respond to of 89467

disturbing detail in WallStreetUrinal on internet capacity if the top 20 cities in the USA all routed their entire internet traffic thru Chicago, then Chicago's capacity would only be utilized at 25% !!! I cannot see much fiberoptic component purchasing in the next couple years tough climate for Nortel, Lucent, Uniphaz, and the army of niche component suppliers every once in a while, I check a raft of such suppliers e.g. Finisar, Optical Components, Sonus their stocks are down 80-95% each CNBC showed a misprint on JDSU share price this morning it showed JDSU at 90 cents, down 1.20 last October2001 a young manager in my firm was proud of his LU stock purchase we had discussed telecom crush stories on a client trip he bought LU at 8.5 and asked what I thought I said "you might bail out before it goes bust" it was near 6.0 at the time he said "no way, it is cheap" I said to his dismay "no way, under a buck is cheap, and it will get there as sure as the perfect nose on my face" he shook his head and smiled LU at 92 cents today this is a horrible environment, only to get worse did I short it? NO funny how at 6-7, its fate of sub-buck seems certain but expectation of even 3 appears so full of risk in an investment position like an option put with 4-6 months time / jim