Jason, I think you're just trying to be argumentative and not realistic.
"If the average communications bill was $20/month on average,..."
$20 a month, give me a break. WinStar is targeting small, medium, and now large companies. They can offer local, long distance, paging, faxing, high speed internet, video services (TV, conferencing,...), content, etc, etc, etc. I would say in ten years their average line will generate closer to $200 rather than $20. Using your numbers, rather than 1/6, now they only need about 1.5% of the work force to generate that $5 billion. Obviously not a guarantee, but I think very possible.
"Cable modems promise direct delivery of content, with significantly increased speeds."
How many office buildings do you know that are currently wired for cable? To get cable to that building will take months and $100,000. To get 38GHz to that building will take two weeks and costs $4000. Who's gonna win?
"...entrench the dominant position of fiber."
I keep trying to tell you, where WinStar is going there is no fiber and probably never will be!!! Who will supply these people with broadband communications? Satelite? xDSL? I bet wireless.
"Winstar is on the verge of bankruptcy, and owes close to 1 billion dollars in earnings to bondholers before stockholders will ever see a penny."
That's a stupid comment. WinStar is no where close to bankruptcy. And I don't know what the heck you're talking about, but I as a stockholder has probably already seen about $50 per share profit just in the last year. What do you mean, I'll never see a penny. Do you think a company can't have dept, but yet be profitable? Do you think a company can't have debt and pay a dividend?
Again, I think you just want to argue.
Steve |
