steven agreed.
my only point was that in the cable[HFC] vs tel[adsl] argument
the tel guys always point to congestion as the main pitfall of
cable modems.....perhaps the problem isn't as significant as
we are lead to believe.
T obviously has decided that cable is a viable solution. This
is legitimizes cable to a much larger extent. Subsequently it
has raised the valuations of cable stocks significantly IMHO. If
they are willing to pay big bucks for UMG. What is the valuation
of comcast, adelphia, time warner and the other MSOs? It must
be significantly higher than two weeks ago. While UMG is certainly
a plumb with positive earnings, systems which have a high fiber penetration and have almost all been upgraded, what will the bidding
war bring from the likes of MCI, C&W, BT, DT, SBC, BEL, BLS, etc
Will we see the deep pockets of the RBOCs contending for the other MSOs outside their service areas? Will they decide instead to go
after the CLECs? I vote the MSOs are better buys. With the CLECs
they have limited Right of Way and attachement rights. Pole space
seems to be deciding value from these systems. T has bought a prize
MSO for $4500 est per subscriber? What a deal. With the RBOCs pending entrance into long distance, I thought T was history, three days from now they will be a bargain. Sprint, MCI are looking bad at this time....they will be forced to make a move or perish when the RBOCs get into long distance.
sell WCOM, FON buy T |
