At 9:22 AM -0400 3/27/08, Tom Piwowar wrote:
>Yes it's a huge risk, and telcos aren't generally known for taking
risks. But a fiber network just makes sense, long-term.
You should note that Verizon is an exception in the industry and
Verizon's efforts to upgrade their network to fiber has been seen
negatively by Wall Street.
As technologists we see that upgrading to fiber makes very good long term
sense. Wall Street would keep us on copper and cable forever.
Wall Street looks down on any reinvestment in a company; they want
that money in their pockets, either in the form of dividends or, even
better, higher stock prices, through stock repurchase. I think that
is the reason private equity firms take troubled companies private,
so they can be "fixed" without interference from the analysts and
stockholders. Then, they take them public again, and cash out.
--
Roger
Lovettsville, VA
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