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

To: Peter Ecclesine who wrote (19536)	2/12/2007 2:31:58 AM
From: axial	Read Replies (2) \| Respond to of 46821

Peter, I don't want to believe you're right, but I'm afraid you might be. On many fronts, there's reason to believe the "20th century picks of the litter" hold a position much like a bank's biggest debtor - in Canada and the 'States. A while back, we had a truncated discussion in which we began to explore the consequences of telco failures. We (I) postulated a domino effect from mobile, whose future I think is challenged. Frank took an opposing view. I'm not convinced, and continue to believe they aren't that healthy. There's a lot of high-interest telco paper out there, floated at the time of spectrum purchases, and it's far from being paid off. The financial consequences of failures would be devastating. That may be an unjustified suspicion. And, maybe I'm misinterpreting your comment. How is it that in the UK, OFCOM has made instituted a major broadband turnaround with BT, when BT faces the same problems as its North American counterparts? There are some puzzles here. I find the incumbents' ability to resist change a mystery which has an unexplored dimension. That dimension may well be the financial consequences of allowing progress. Jim