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To: EL KABONG!!! who wrote (39769)	10/20/2003 9:57:13 PM
From: elmatador	Respond to of 74559

<<thoughts on BT Group ... Investment worthy ... Up to snuff as a telephony company>> Hi KJC! It took me a while to find time to reply. Telcos -any telco- are legacy. They seat on top of a big infrastructure, faster approaching technological obsolesce. Their strength lies on the fact that they operate what is called a "public" service. They have a lot of political clout. They have a strong lobbying power. Operating a public service they can always tell that they have an old lady somewhere in Nebraska that will not receive her Xmas call from her daughter if there is any mention of liberalization. That has power, KJC! Concerning lobbying, you could set up a telephone company with what telcos spend in golf tournaments! Where they will discuss how the digital have nots will be left displaced if they would have to share their infrastructure, or they are not making money in telephony and need to go in TV business, and not to mention that if they could go on long distance they could avoid leaving that old lady without her Xmas call. Then, when they smoke cigars and sip brandy they suggest to regulate any competitor (IP telephony and CATV) the same way they -telcos as a "public" service- are regulated.

To: EL KABONG!!! who wrote (39769)	10/20/2003 10:22:42 PM
From: elmatador	Respond to of 74559

Te sequel <<thoughts on BT Group ... Investment worthy ... Up to snuff as a telephony company>> An enterprise operating in that scenario I described -posting 39866- is defensive and play to survive to fight another day and will slowly go into oblivion. But there is the time scale. It won't happen overnight, it will slowly move into irrelevance. Think about trams, telex, trains, travelers checks, cruise ships... to get a perspective of how this things will disappear and no one even notice. Message 15143545 You travel in Europe and you see still some trams tracks which were not yet asphalted. One day, there will be some cavernous underground ducts and galleries filled with copper wires that it was not even worth the effort and cost of taking them out. The same what happened with the tram tracks that no one even bother uproot them and just put asphalt on top of them. In Petaluma I saw a former Central Office transformed into a shopping mall. At least the real estate can have some uses. To be continued...