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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?


To: axial who wrote (13342)2/3/2006 1:56:39 AM
From: Frank A. Coluccio  Respond to of 46821
 
The one and only time I was interviewed by reporters while working for the Bell System was on a day when all odd-lot trading ceased on the NY Stock Exchange. Turns out that I received a number of calls during lunch from the NYSE complaining about line outages between SIAC and the exchange. I rushed to the scene after being unable to raise anyone because it was lunch time, to find a multi-pair cable failure had occurred outside the door of the SIAC processing center at 90 West Street, just south of the WTC site. A NY Telephone Company splicing team had been working in a manhole that was being flooded by a working pump in an adjacent, flooded Western Union manhole about ten feet away. Apparently, both crews went to lunch during the mishap. The splice casings remained open and the pump continued to run, and the forces of wu wei caused them to become one.

At least they were cooperating with one another at the time, or so it seemed, since I can still recall the WU techs lending hair dryers (which were standard issue items for underground splicing teams) to the telco guys who spent quite a bit of time blow-drying open splices.

Oh yeah, I almost forgot. The year was 1976.



To: axial who wrote (13342)2/3/2006 12:39:58 PM
From: Sam Citron  Respond to of 46821
 
Fortunately for Western Union, they found another nice little niche: foreign fund transfers. Amazing that they can generate billions in revenues by taking a few dollars commission for every $50 funds transfer from every Mexican immigrant in CA sending a few bucks back home. Reminds me of the days when international telephone calls cost $15 bucks.

The world has not yet realized that money is just bits. <g>

Sam