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Technology Stocks : AWE - ATT Wireless
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To: Pullin-GS who wrote (234)1/29/2001 10:28:43 PM
From: engineer  Read Replies (2) of 329
 
Sure, now they can loose money faster. This is not some little startup that has been in business for 1 year, this is a full fledged giant company who sold stock to get people like you to throw in your hard earned money and let them loose it for you. Don't fool your self by trying to compare this to a real startup which really has to scramble for business. This is a mature, 10 yr old company which just got $10B of funding to fill out their business plan. They have already lost alot of that money, by the way.

All the dot coms that loose moeny this way get taken out of business. What makes AWE and AT&T so different? Why do the bankers keep stringing along with them. At what point will they have fiscal responsiblity? Because those poor vlutures are hanging around for peices of flesh to fall off the bones of AT&T as they try to spin off peices to make more money to loose. These investment banker types are writing all this nice crap about AT&T so that they get thrown a bone for thier trouble.

And this bought PR crap from Morningstar about how they increased revenues 39% and that AWE maangement is strong and good is a bunch of bullshit. They are still losing money. they still sit there and think of all us poor peons as their customers when they could care less about us.

I will restate it...until Mike Armstrong sits down and says to his managers " turn a profit in 1 year or we cut you and the business" and means it then AT&T and AWE will continue to be loosers. Also when Armstrong sits down wiht AWE and says "Find the lowest cost path to profitability and the cheapest upgrade path and go do it, no matter who we buy from, no matter who whose technology we use" he will continue to have a poor showing in the wireless business. To take a somewhat ok system, scrap it for a non-existant promise system from NTT, and then scrap that and replace it once again with yet another promise system is irresponsible management at it's best. (worst..)

But hey, they got some nice PR today didn't they? ....OHHHHH hope the stock goes up.....OHHHH. (sounds more like a 14 yr old...)
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