AT&T would still be a good one to hold onto or even pick oup at such low
prices. My bet is that as the market shifts AT&T is going to be a major
player. especially with all these bankruptcies.
/****************************************************************************/
/ /
/ John Kloian III VP Network Operations /
/ Opnix, Inc. http://opnix.com /
/ /
/ .Innovating Internet Intelligence. /
/ /
/****************************************************************************/
On Sat, 23 Feb 2002, George Toft wrote:
>Bingo!!! My AT&T stock went from $80 to $12. At least they
>didn't Enron on me.
>
>George
>
>
>Digital Wokan wrote:
>>
>> The shareholders it would seem. It's their money being flushed.
>>
>> George Toft wrote:
>> >
>> > Hmm...
>> >
>> > CEO gets $4 million severence (Bob Allen at AT&T) for upsetting
>> > the Board of Directors.
>> >
>> > Joe FTE gets 4 months severence and $205/week for 12 weeks
>> > (friend at Amex) for upsetting his manager.
>> >
>> > Who's the idiot again? :)
>> >
>> > George
>> >
>> > Digital Wokan wrote:
>> > >
>> > > I wouldn't hold my breath. I think businesses will continue to do
>> > > really stupid things for as long as CEO's get stupidly large bonuses
>> > > when they get kicked out for their overly stupid decisions. Companies
>> > > shouldn't have to pay management to go the hell away and not darken
>> > > their door. Let them collect the $205/week unemployment like the rest
>> > > of us. (Adjust for whatever state the idiot lives in.)
>> > >
>> > > John Kloian wrote:
>> > > >
>> > > > I firmly believe in deregulation, but the boom in the CLEC market and
>> > > > their practices seem to have been a death sentence. Its really funny,
>> > > > take a voice T-1 for example. Qwest is forced by the federal tariffs and
>> > > > the Arizona Corporation commission to sell it at a certain price, however
>> > > > MCI and AT&T or any other CLEC can sell it for upto 35% less than the
>> > > > ILEC and they do all the time. Now granted the CLEC losses money on every
>> > > > deal, but they figured they get vertical sales from the customer. this
>> > > > has been going on for some time. Plus the CLEC's by billions of dollar of
>> > > > service from each other. this looks good on the books, but the minute one
>> > > > decalres bankruptcy everyone suffers as a result. this is what we are
>> > > > seeing happen right now. When Global Crossing declared bankruptcy they
>> > > > force XO to right off 7.35 billion on their books, obviously that hurt and
>> > > > is one of the reasons XO is about to file chapter 11.
>> > > >
>> > > > In the end this shakedown will probably be a good thing, but we'll more
>> > > > than likely be stuck with one ILEC until some new players pop up.
>> > > > Hopefully the business practices will change slightly.
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