Ibexx,
I believe what the industry is in the process of transforming from being described as a nice staid, safe, secure, regulated, "widows and orphans stock" to one characterised by high growth, high investment, asset building, innovative, ...
I do like the vision that Malone and Armstrong describe of an all purpose all digital network delivering innovative services to consumers. Afterall, there's a few hundred million consumers in North America vs only 10s of thousands of businesses.
As in any discontinuity, some will make it, some won't.
I'm quite comfortable holding my T until it's no longer one of the Dow Dogs - next check point for me is November.
Ian. |
