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

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To: Raymond Duray who wrote (11381)	6/12/2001 2:51:00 AM
From: axial	Read Replies (2) of 12823

Ray, Mike - I'd say the touch of realism comes in despite Isenberg having worked in AT&T. He makes the same effort everybody else does - tries to synthesize the past into a new future. The past may be prologue, but I believe we are now into the biggest period of fragmentation in telecomms that we've ever seen. From WWII on the prime driver was "national interest" as expressed by a military-industrial coalition in which prime contractors pursued a commonly held vision of the future. That vision was perpetuated and prolonged by the Cold War. Tell me: what central vision drives telecomms, in the US now? What definition of "national interest", motivates the provision of broadband to all, for instance? All the old drivers are AWOL, or mortally wounded. Policy. Capital markets. Regulation. Monopolies. A defined national interest. In the sense that Isenberg recognizes the tendency to ad hoc-ery he has caught the essence of what characterizes this time, IMO. The money-makers for the next five years, or longer, will be in intermediation. We are building a telecomms Tower of Babel. JM2C, Jim

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