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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: DenverTechie who wrote (11578)6/25/2001 8:48:43 PM
From: Raymond Duray  Read Replies (1) of 12823
 
Hi Denver Techie,

Regarding AT&T's breakup, I'd have to say that Wall Street may be on to something. :) Using this simple snapshot of the financial health of T:

yahoo.marketguide.com

I would conclude that we have entered a protracted period, way more than one or two quarters, where total current assets are failing to match total current liabilities. Whatever Armstrong thought he was trying to do strategically by moving into the local loop with MSO purchases was not matched by success in generating the sort of EBITDA needed to sustain an ongoing operation. Said differently, keeping intact the empire that Armstrong threw together was costing too much in debt service to be worthwhile, technological hopes and aspirations notwithstanding. The T empire was a slow moving train wreck, with no eventual payday in view, IMHO.

Best, Ray :)
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