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Technology Stocks : ADC Telecommunications

ADCT 3.540

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3:59 PM EST

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To: BWAC who wrote (1862)	2/27/2002 1:37:10 PM
From: Rainmaker	of 1944

WASHINGTON (CBS.MW) - The House is set to debate a fiercely contested bill on high-speed Internet access that would offer relief to the Baby Bells, but the legislation faces stiff odds of becoming law. While sponsors of the so-called Tauzin-Dingell bill are optimistic about passage in the Republican-controlled House, support in the Democratically-led Senate is weak. Several influential senators this week indicated opposition. Still, the bill's supporters hope that a win in the House will generate further momentum for their cause: freeing the Baby Bells from restrictions that the local phone carriers say hinder their ability to offer affordable high-speed access to millions of consumers. Under current law, the Baby Bells are obligated to let rivals lease access to their high-speed networks at wholesale rates. The Bells say they are reluctant to expand if rivals can inexpensively piggyback onto their high-speed networks and siphon off lucrative customers. The bill's many and vociferous opponents, however, charge that the legislation would effectively give the Bells a monopoly on high-speed access over copper phone lines (The Bells still would face competition from cable and, to a lesser extent, satellite companies). The result: higher prices for consumers and limited availability in less populated areas. Over the past year, the two sides have waged a costly advertising and lobbying campaign to sway U.S. policymakers. Indeed, it may turn out that the biggest beneficiaries of the Tauzin-Dingell bill are media outlets that have raked in millions of dollars in ads. The House is slated to begin debate late on Wednesday morning and finish shortly after U.S. markets close.

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