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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: MikeM54321 who wrote (10168)1/13/2001 9:30:45 PM
From: Daniel G. DeBusschere  Read Replies (2) of 12823
 
<<why did Mike Armstrong wager $100 billion >>
He wanted account (i.e. customer) control. He knew the RBOCs (i.e. ILECs) would freeze him out of the total market because they had primary customer contact. It was pure survival strategy.
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He would have been smarter if he used $1 billion to buy up the required votes in congress and FCC and keep the RBOCs out of long distance and then set up some cable pilots first to work out the bugs. Also, he could have set up wireless RBOC bypass pilots and decided based on results which path would yield the greatest return. Hindsight is 20/20
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