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A good article in on the buying opportunities in the depressed Telecom sector.

“At moments like these it's important to ignore the recent market reaction and ponder the fundamental reasons that led investors to these stocks in the first place. Those reasons included the remarkable promise of better service through the deployment of fiber-optic cables; an explosion of demand due to surging use of the Internet and broadband services; and an accompanying accumulation of data transmission. Now, let's ask ourselves: Are those reasons still sound?”

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