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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Rose who wrote (13615)	7/25/2003 9:23:49 AM
From: Dexter Lives On	Read Replies (1) \| Respond to of 14638

Hi Kevin, I am still awaiting consolidation in the industry. We have seen a lot of divestiture but I haven't seen any major gear makers or operators get folded (either belly up or into another major). I think we are seeing a nice bounce in telecoms that have made the correct intermediate term adjustments (witness the market's differentiation on NT vs. LU) but I don't yet buy that things will resume as before, with constant increases in capex and a healthy market for all. Of course, to some extent this is interdependent with the capital market outlook. I suspect if we see interest rates have a sustained rise, we will see credit spreads widen and then we'll find out which companies are actually viable. All JMHO. Rob