Richard, RE: "A visionary reaction would be to declare the governments intent to finance the laying of fiber optic to every home in America"
Someone from KPMG visited me this past week. After our meeting, we were just chatting and I asked him how much it would cost to lay fiber to the homes for one city. He was speaking pretty fast and I was tired, so I may not have heard him correctly, but I think he may have said $100M a city.
The $100B the country has recently allocated to combat terrorism, could have been fiber to homes in 1,000 cities?
While I'm happy we are protecting our country and people, I cringe when we are forced to spend money on things that aren't innovative.
And when you look at Intel, Microsoft, or Cisco's combined net cash, they certainly aren't the answer to the problem.
I wonder what Grove's vision is to get the industry out of this mess? I wonder if Congress even gets it.
Joke that's being told these days: if you invested $1,000 into Budweiser beer and $1,000 into Nortel at its peak, you'd have $79 with Budweiser (after drinking the beer and returning the bottles for the deposit), but you'd now only have $60 with Nortel. Something is seriously wrong with this picture when a beer deposit has more value than an investment into a telecomm company. Maybe Congress would get that?
Regards,
Amy J |
