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What Killed the Boom?(telecom industry)(Brief Article)
American Prospect, The, September, 2001 by STARR, PAUL
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THE WORRY IS OBVIOUS: JUST as an expanding high-tech sector contributed to strong growth in the 1990s, so might a deepening slump in technology drag down the entire economy. High among the sources of concern is the recent meltdown in the telecom industry. Even after the dot-com collapse, a broadband upgrade of the Internet seemed sure to be the next big thing, and investors continued plowing capital into the companies supplying and building the new infrastructure for high-speed digital communications. But now telecom too has seen staggering losses, bankruptcies, and layoffs.
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