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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: Frank A. Coluccio who wrote (5239)	9/15/1999 7:58:00 PM
From: MikeM54321	Read Replies (4) \| Respond to of 12823

Re: AT&T Facts via George Gilder Frank, That was one interesting article. For future reference I pulled some figures from it. -T currently has 61 million long distance customers -T's current long distance is 90% of revenues -Estimates local access fees cost LD carriers $10 billion/yr -By 2004 T may have 7.6 million local telephony customers -By 2004 T may have $6 billion in local telephony revenue -By 2004 T may have 5.6 million cable modem customers -By 2004 T may have $1.9 billion in data revenue __________________ Personally I disagree with the entire article. I think the writer neglected to mention the 100 year old trillion dollar legacy infrastructure that AT&T is capitalizing on. Using the coaxial network to recapture local telephone revenues is a good way to pay for the $2 billion per year AT&T has to spend to upgrade to two-way HFC. Instead of paying the ILECs $10 billion/year(I thought the figure was higher), why not build a broadband network to capture both voice and broadband data revenue from customers. I think the last person in the world I would want running a corporation like AT&T is someone like George Gilder. Brilliant though he may be, sometimes he just takes these giant leaps not based on sound business decisions. Just IMHO. MikeM(From Florida)