Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

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Nov 21 9:30 AM EST

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To: derek cao who wrote (23532)	8/28/1998 1:55:00 PM
From: Clarksterh	Read Replies (1) of 70976

OT - Public company who sell shares to PUBLIC need to let public know basic financial information. Actually, as Asia proves, they don't provide such transparency unless forced, whether they sell shares to the public or not. AT&T is GOVERNMENT sponsored monopoly. IMHO, it should a good "managed free market" example Actually they were a self-perpetuating monopoly in the late 70's. The problem any competitors had was getting access to the switching networks, since AT&T said 'mine, all mine!!! I can charge anything I want for such a connection.' But without a connection there was little viable business. I do not want to imply that they would not have eventually toppled under their own weight, but it might have taken another 20 or 40 years of overpriced service. My point was not that all government regulation is good, nor even that there is a single optimum balance between Marxism and Randism, but that the two extremes are definitely bad. Some government intervention is almost certainly good, although it may be debatable exactly what and how much. Clark

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