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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Glenn McDougall who wrote (5569)	7/20/1998 3:16:00 AM
From: pat mudge	Read Replies (1) \| Respond to of 18016

You go away for a week and NN goes in the tank and Crosskeys drops to the basement. Time to get off you horse and back to "work", please... Talk about hitting the deck running! Okay, time to get to work. I don't know what happened to CKEYF, but maybe it was the last of the institutional selling. Didn't the company say it would dry up in another day or so? I haven't followed the market since I left, other than checking quotes a couple times, so I don't know what the volume was. As for NN, I think General Eisenhower and staff have been bunkered down, planning a telecommunications Overlord. Eventually we'll know their plans and how they'll be executed. BTW, did anyone read the FCC speeches I posted? If so, I hope you noted the strength of Chairman Kennard's words when he spoke of incumbents' unbundling. "These critical facilities must be made available to competitors," he said. "This includes the local loop and the space in the local phone company's central offices where both the phone company and its competitors can install the new technology. . . . The obligation of nondiscrimination rests with the local phone companies. It is an obligation that they must take seriously, or else we will enforce it as strictly and as swiftly as any rule on our books. Susan Ness comments on Section 706 of the Telecommunications Act of 1996 where it requires the commission to initiate a hearing on the availability of advanced telecommunications for all Americans 30 months after the act was signed into law. On July 9 she said it was exactly two months away --- September 9 --- and from that date the FCC had 180 days to complete the inquiry. You've heard of cramming for exams, well, I suspect telcos will be doing something similar. And, according to Commissioner Ness, many already are. She gives a clue to the Commissions' thinking when she says, "If competitors can get --- on a truly open and non-discriminatory basis --- access to the local loops for their own DSL equipment and to central office space for their own multiplexing switching equipment, then I believe that lightened regulation of the service offerings by the ILECs would be appropriate. This lightened regulation could include more pricing flexibility as well as some of the other types of relief called for by the Section 706 petitions filed by Bell Atlantic, Ameritech, and US West." In short, telcos will be able to upgrade their systems and not have to offer them to competitors at reduced rates, one of the biggest roadblocks for the past couple years. Later -- Pat