Since I was that idiot that optioned half his position I hope tomorrow isn't so great, or at least next Friday isn't so great and we get back to 65. But what the heck, a profit is a profit.
I think of Qwest as the Levis of the Gold Rush. There were a few miners that hit it big, and when they did they were spectacular, but the real money was made in selling blue jeans to them. Qwest is selling bandwidth, which they all must have. However, I don't think telephony is where the money will be made. I think video will be the big money maker. Teleconferencing, downloading movies direct from the net, and video telephony in real time will be huge profit generators. And they all require magnitudes more of bandwidth. Qwest will be the first, others such as LVLT will follow. But I anticipate huge returns for the long term investor.
Commenting on the long distance charges going away, lets not forget our good "friends" in government. The current telephone companies have a lot of pull, and they pay a lot of tax. I don't think our dollar obsessed leaders, and I use the term loosely, will take kindly in losing a revenue stream that they can't control. So just because the tech is there doesn't mean free long distance. In fact, our "I'll compromise on anything that will get me re-elected" friends in Washington represent the greatest threat to Qwest. Not that its that great, but they are for the most part 90% hot air and 10% knowledge, and what they don't understand scares them. Since most are lawyers, not engineers, and couldn't run a lemonaide stand, much less a Congressional seat, this makes me nervous. They have already stuck their noses into Qwests business last year when they blocked Qwest teaming with the local phone companies because it violated the Telecommunications Act ( read Our Way To Get More Payoff Money.) They can do it again.
But I never let my feelings out about this. |
