Telecom Collapse?

[xenophage0 at gmail.com (Jason Frisvold)]

On Dec 4, 2008, at 12:20 PM, Wayne E. Bouchard wrote:
> That the old ILECs are having problems due to the fact that few if any
> of them know how to run a decent business is not exactly news. IMO, it
> might be best if some of them were finaly placed in the position of
> figuring out how to come into the 21st century and actually compete
> for business.

Having finally broken away from the local ILEC and moved to more  
fertile grounds, I can concur with the above.  Concentration these  
days seems to be on maximizing profit and bonuses for execs while  
stripping away every possible expense so the books look good and make  
the company more desirable.  One of their latest schemes was to give  
away additional lines to customers, pumping up the overall access line  
count.  From what I can tell, a higher access line count increases the  
"worth" of the company.

New technology, or, rather, a mandate for new technology was there,  
but without a decent budget, there is no way to even come close to  
meeting that mandate.  And that's where they remain today.   
Unfortunately, I think in the end, the company will be sold and the  
execs will get their big bonuses, but that seems to be the way of  
things these days.

> But I agree with Alex... If we have another poorly run group of
> businesses pleading for tax payer money, I think I'm gonna have to go
> somewhere and lose my mind for a few days.

It wouldn't surprise me in the least if they started begging for a  
cut.  I think everyone these days has bailoutitis..  I'll gladly take  
a cut..  I'm easy, though.  A few million will surely carry me through  
the next few years..  :)

> -Wayne

-- 
Jason 'XenoPhage' Frisvold
XenoPhage0 at gmail.com
http://blog.godshell.com