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Strategies & Market Trends : Technical analysis for shorts & longs

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Jan 9 4:00 PM EST

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To: Johnny Canuck who wrote (36998)	5/14/2002 6:18:15 AM
From: Johnny Canuck	Read Replies (1) of 69663

Supreme Court Upholds FCC Rules Forcing Network-Leasing Discounts By YOCHI J. DREAZEN Staff Reporter of THE WALL STREET JOURNAL WASHINGTON -- In a major defeat for regional-phone companies, the Supreme Court upheld the government's authority to force the giant Bells to lease their networks to competitors at heavily discounted rates. The 5-3 ruling ends a long legal battle over the way the Federal Communications Commission sets rates that the Bells, such as New York-based Verizon Communications Corp., charge upstart rivals leasing access to the company's local phone networks. The FCC bases those rates on the hypothetical costs that competitors would incur building a new phone network from scratch using the best technology currently available -- not on the historical costs the Bells incurred in actually building their systems, which are estimated to be much higher. The Bells argued that the FCC formula makes it impossible for them to recoup the billions of dollars they spent to build and upgrade their networks. But the FCC said its rules were the only way to ensure that smaller companies could afford to enter the local-phone market. • See the full text of the Supreme Court's ruling in the case involving the Bells. • Internet-Porn Law Is Constitutional The high court Monday sided with the agency, ruling that its rate-setting methods were consistent with the 1996 Telecommunications Act, under which Congress ordered the Bells to open their local markets to competition in exchange for gaining the right to sell long-distance phone services to their local customers. . . . online.wsj.com

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