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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here

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To: Frank A. Coluccio who wrote (4372)6/29/1999 2:34:00 AM
From: Raymond Duray  Read Replies (2) of 12823
 
A reply from et al,

Hi Frank,

To me the picture is perfectly clear, (this won't last), a dollar spent on uprooting a profitable neighborhood copper network will reduce the dividend by 10 cents. Since some folks are old enough to not give a hoot about the future (they won't be there)and want to collect those dimes, and since they are the "owners of the system" ferchrissakes, their present dime is worth far more to them than the potential benefit that an upgrade to the system could seemingly be worth.

If we want to improve and update the PSTN, we have to gently (or ruthlessly, as the case may be) push aside the class of people who feel that they can get a slightly better return on assets by holding a telephone utility than they can get with muni bond. They are compromising the future and truly, they don't care.

This is about as far as you can get from a technical answer to the 'Last Mile' issue. But I believe it is at the heart of the matter.

I welcome commentary, criticism and 'cocktail' level banter.... Frank, Mike, Denver, the other et al?

Best, Ry

PS: Appears from the QWST/GBLX brouhaha that Section 271 of Pressler's '96 Act is the most salient text regarding the sanctioning of interLATA LD for the ILECs, FWIW.
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