Lee,
The missing links are the voice server, Underwriter(s), and a strong marketing plan. All will be essential for a succesful IPO of FNET.
But lets look beyond FNET, that is where ALEC comes into play. I had made reference in an earlier note that the capacity of the OC24, that was carried to FTEL's door by GTE, far exceeded any intended use for the FNET project.
FTEL's ambitions are far reaching, and exceed well past just being a National ISP, with value addded communications.
The best way to sum it up, is by asking you where you think Gillete would be, if they had furnished the razor, but didn't offer replacement blades?
Franklin will live up to it's namesake, Franklin Telecommunications, and be a full fledged Telco.
So, your not only getting a National Internet Service Provider, with several value added features, such as off site data storage (see McAffee), video conferencing, long distance, satelite
intranets, etc., but your also getting a company that will have the abiility to interface with the hard wired telephone infrastructure and serve as a Alternative Local Exchange Carrier (ALEC).
All this takes place in the L.A. Basin, of which there must be 50 million phone numbers, and represents a world class financial and industrial area, besides being home to about 10% of the countries population.
OH, did I forget to mention, they also are a manufacturer of state of the art computer/communications products. That in itself is worth a bundle when you consider the proprietary technologies that they are engaged in.
This is why I have always been an advocate of FTEL, and remain a devoted shareholder.
Raleigh |
