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To: bucky89 who wrote (55371)10/6/1998 7:49:00 PM
From: Mighty Mizzou  Read Replies (3) | Respond to of 61433
 
Today's Perspective - Today we are greeted by the announcement by AMD of beating the street by 12 cents. Yesterday, Motorola beat the street by seven cents. Today, the premier carrier class vendor of ATM, FR, and VOIP trades for $35 and change. What is the common thread?

Wall Street does not have a clue when it comes to evaluations. How can the street's best analysts, who study these huge, long established company's every move and pull down an obscene amount of money, be so dumb? How? Because that is the beauty of the public trading institutions this country founded and the world looks to for guidance. It is completely arbitrary and nobody has a clue, THE WAY IT SHOULD BE! The Russian stock market is completely the opposite and is therefore worthless. All currencies trade based on the US dollar. All banks base their rates on the US Fed in conjunction with their currency exchange rates. Why? Because the integrity of the US system has yet to be compromised. When it is, global trading will reign chaos and wreak havoc with every financial instrument available. Who will we turn to? Japan? GB? Brazil? Puerto Rico?

The point you say? The point is trading is not based on rationality, it is merely investor confidence and perception. Investors love bull runs. Thats why some people actually pay to get run over them, both realistically and theoretically. The bull has run over us and we are merely trying to catch up to him now. Strong US earnings reports will once again establish the US as the guiding light that has been dimmed by lesser economies. This is by no means a bear. A bear brings inflation, higher interest rates and unemployment. See any signs of that anywhere? I here the 'D' word ALOT more than the 'I' word in most financial discussion forums these days. So all in all, this is undoubtedly a manifestation of the combination of fear brought on by losing the treasures of greed. It is ugly and not much fun, but the fundamentalist can look through this fog and see the light of value, growth, and most of all, profitability, the cornerstone to investor success. Fear not the walk through the valley of ignorance, be strong and confident and ye shall reap the fruits of due diligence! (Not bad eh?) GO ASND!!!



To: bucky89 who wrote (55371)10/6/1998 9:25:00 PM
From: pat mudge  Read Replies (3) | Respond to of 61433
 
AT&T plans to take the lion's share of the growing enterprise network outsourcing market using the Newbridge Global Services Management Platform (GSMP).

I take outsourcing to mean AT&T offers a service to someone, in this case businesses, outside their premise based on technology they purchase from NN. In my admittedly limited understanding of vendors and integrators, I take re-seller agreement to mean you put someone's products in your catalogue and then forget them. By deflecting the conversation from your jaundiced comments on NN's sales to my misunderstanding of oursourcing and enterprises, you've managed to change the point of the debate. Hope your wife doesn't let you get away with it often. <g>

Again, this is JUST MY OPINION. Yes, of course I'm speculating! That's part of the fun of SI! I am not discrediting anyone, not you or me or Santa Claus. If Newbridge proves me wrong, then more power to you! We shall see how "major" the contract is. Is Telekom SA major

Your playful tone, now that the damage has been done, reminds me of Sean Bean in the de Niro film, Ronin. Laughing uproarously as they speed away after nearly getting everyone killed, he says, "Man, we really showed them, didn't we!!!" de Niro and Reno glance at one another without a word. If silence could kill, the Bean character would have been dead.

To help you understand the scope of Telkom SA's network:
telkom.co.za
<<<
30 June 1998
Network modernisation effort lays the foundation for service excellence

A concerted effort to upgrade and modernise Telkom's telecommunications network has laid the foundation for dramatically improved service levels, the Company has revealed in its 1997/98 annual report.

The past financial year saw Telkom spending R2.2 billion of its R6.4 billion capital expenditure on improving and expanding its cable infrastructure, and upgrading network management systems that will enable trouble-spots to be traced and remedied before services are disrupted.

"Since a fully digital, managed telecommunications network will form the backbone for lasting improvements across the entire spectrum of our operations, much of the spadework done during the year was geared towards upgrading and modernising the network," explained Telkom's Chief Executive Officer, Sizwe Nxasana, at the launch of the annual report in Pretoria today.

Telkom replaced over 228 000 non-digital lines during 1997/98, resulting in 82% of automatic working lines being connected to digital exchanges by year end, compared to 74% in March 1997. "This puts our target of a totally digital network by the end of December 1999 well within reach," Nxasana said.

"As our modernisation programme progresses, customers can expect definite improvements in service levels, as well as increasing availability of new value-added services," he said.

The Company also paved the way for greater capacity, resilience and alternate routing by accelerating the deployment of its synchronous digital hierarchy (SDH) network and preparing to roll out a commercial asynchronous transfer mode (ATM) network.

While constructing these essential building blocks for the future, Telkom also worked hard to achieve its more immediate objectives, Nxasana said.

"We met the line roll-out targets set in our PSTS licence, and in fact comfortably exceeded those for total new-line installation, payphone growth and new lines in underserviced areas."

During the year, Telkom installed 386 426 net new working lines, 275 218 of which were in underserviced areas. These figures include public payphone growth of 32 335, substantially higher than the 18 027 required in terms of Telkom's licence.

Nxasana said Telkom's net growth in total and underserviced lines, excluding public phone lines, had also exceeded the licence target by 15,5% and 4% respectively. He added that first-time services had been provided to 461 villages.

Issued by: Amanda Singleton, Telkom Corporate Communication, Telkom Towers North, 152 Proes Street, PRETORIA, Tel: (012) 311-1012, Fax: (012) 311-4031 >>>>

From their annual report:
telkom.co.za

<<<
By 31 March 1998, 82% of automatic working lines were connected to digital exchanges, compared to 74% on 31 March 1997. Only 484 of Telkom's 3 146 exchanges are now non-digital. During the year, we also upgraded 947 digital exchanges, equipping them with the capability to provide value-added services such as Integrated Services Digital Network (ISDN) and Call Answer, our electronic message service.

Ongoing copper cable theft has underlined the vulnerability of copper as a transport medium. As a result, Telkom is steadily increasing the optical fibre content of the network, thus laying the groundwork for higher bandwidth for faster and heavier traffic, including Internet traffic. During the year under review, we laid 71 000 kilometres of optical fibre cable and, for the first time, started deploying 48-fibre cable as opposed to the previous maximum of twelve. In the coming year, we intend deploying 96-fibre and 144-fibre cable, the aim being to have the capacity in place to cater for future demand.

The year saw us speeding up the deployment of the synchronous digital hierarchy (SDH) network by adding more than double the number of SDH network elements put in place in the previous four years since we began introducing this new transmission equipment technology.

In December 1997, having taken the decision to appoint a second supplier of SDH equipment and to incorporate enhanced SDH equipment into the network.

Telkom issued a request for bids. Four bids were placed on a short list for evaluation, which was still under way at year end.

Telkom is working towards an integrated network that supports voice, data and image, and thus intends having an asynchronous transfer mode (ATM) network ready to provide commercial service at the end of the 1998/99 financial year. With this in mind, we completed the detailed planning of the network and issued a request for proposals in January 1998. Roll-out of the first components, specifically the national core and associated edge and premise switches, is scheduled to begin by the middle of the 1998/99 financial year.

Network management
Within two years, Telkom will be able to manage and coordinate its entire telephone network from one control point at Techno Park, Centurion. This will be possible through our National Network Management Centre (NNMC), supported by a new Information Technology Centre, on which civil construction work began in February 1998. Apart from being the focal point from which to monitor the status of the network, the NNMC will provide a single point of contact for resolving problems affecting service of the network. The centre, which has a completion date of April 1999, will enable Telkom to take a more proactive approach to localising and isolating problems such as cable breaks, so that they can be traced and corrected at an early stage. It will be manned 24 hours a day, seven days a week. >>>>

Granted, Telkom SA may not be as large as Netrail or Frontier, but don't forget it takes more than one brick to make a house.

Shalom!

Pat



To: bucky89 who wrote (55371)10/7/1998 12:59:00 AM
From: djane  Read Replies (1) | Respond to of 61433
 
Telecom carriers: the next generation [Nice ASND customer list]

cbs.marketwatch.com

By Jeffry Bartash, CBS MarketWatch
Last Update: 8:24 PM ET Oct 6, 1998
NewsWatch

WASHINGTON (CBS.MW) -- Investors looking for a younger, more
energetic telecommunications company than AT&T or Sprint have plenty
of choices these days.

Several companies hold out plans to build networks of the future -- ones
that can move data, video, sound, even whole computer applications, just
as quickly as traditional phone carriers transmit voice today. And at far
cheaper prices, to boot. But while they exhibit grand visions of the future,
most have little to show, for now, in the way of profits and revenues.

The companies making the biggest splash so far: Qwest International
Communications Inc. (QWST) and Level 3 Communications (LVLT).

Both are run by brainy executives who've spent time in the higher reaches
of the companies they're now trying to topple -- Qwest boss Joe Nacchio
at AT&T, Level 3 chief Jim Crowe at WorldCom. Both have strong
financial backing and the nearly universal adulation of Wall Street. And
both are rolling out nationwide digital networks based on Internet
Protocol packet switching, a far superior method of sending information
than the old circuit-based technology used by established long-distance
providers.

"Basically, companies like Qwest and Level 3 are valued as much on their
idea as on their infrastructure," said Boyd Peterson, a telecom analyst at
the Yankee Group, a research firm in Boston.

Qwest for the best

Denver-based Qwest is probably in the best position at the moment,
though analysts caution that the industry is young (barely more than a year
old) and subject to lightning-fast change.

Although it only had $697 million in revenue in
1997, Qwest earlier this year managed to pull off
the acquisition of LCI International, with $4.4
billion in annual sales, to become the nation's
fourth-largest long-distance provider. To help
finance construction of its 16,000-mile network,
Qwest sold rights to surplus capacity to GTE
(GTE), Frontier (FRO) and MCI WorldCom
(WCOM) for more than $1 billion. A few months
ago, the company struck a deal under which US West (USW) and
Ameritech (AIT) were to market Qwest's long-distance services to their
local-service customers.

Though the courts recently struck down that arrangement as a violation of
federal rules banning Baby Bells from providing long-distance service, it
certainly is exhibit A of the gusto with which Qwest is challenging the big
boys.

Qwest shares fell 13/16 to 31 3/16 Tuesday.

Level 3 has not been as aggressive in marketing its products, but it's also a
strong contender. Founded by James Crowe, a former board member of
Qwest (don't invite him and Joe Nacchio to the same party), the Omaha,
Neb.-based company is planning to erect a 23,000-mile network
extending to three continents.

Like Qwest, Level 3 has sought out innovative means of funding, getting
telecom visionary Craig McCaw and two of his offspring, Nextel (NXTL)
and NextLink (NXLK), to fork over $700 million for 25 percent of the
capacity on Level 3's long distance U.S. lines. The company also raised
$2 billion through a junk-bond offering in June, at the time the largest such
issue ever.

Perhaps just as important, Level 3 in April acquired XCom Technologies,
an obscure but important company that developed a method of making
packet-switched phone calls connect just as quickly as traditional
circuit-based ones. That gives it an edge over Qwest, which uses a
clunkier process that results in slower connections.

While it builds its network, Level 3 has struck a deal to lease space on
Frontier fiber lines.

Level 3 had $332 million in revenue in 1997.

Oligarchs vs. opportunists

Aside from Qwest and Level 3, other next-generation carriers
commanding attention include NextLink, IXC (IIXC), Williams Networks
and Frontier. NextLink is focusing on local service to businesses; IXC
and privately owned Williams are concentrating on the wholesale market.

While it seems as if these companies are all in competition for a piece of a
finite market for telecom services, that's not necessarily the case. Most
have arrangements with each other to lease capacity -- what analysts call
"co-opetition" -- and top executives are adamant that the demand for new
bandwidth will soar and new uses for it will arise.

The bigger battle, analyst David Cooperstein of Forrester Research has
predicted, will be between the "oligarchs" (AT&T, MCI WorldCom and
the Baby Bells) and the "opportunists" (such as Qwest, Level 3,
NextLink).

The reigning telecom giants aren't going to sit on their behinds while the
young upstarts grow, but the AT&Ts of the world have stockholders to
please and earnings targets to meet, and they're trapped by a reliance on
old, circuit-based technology, on which they have lavished billions of
dollars. It'll take longer for them to build new packet-switching networks.

"They have to serve their existing customer base, their existing
technological base," Cooperstein asserted.

Up stream?

The opportunists, meanwhile, are fast at work building their high-tech
networks. That would drive down prices, potentially allow them to steal
the most lucrative business customers from the oligarchs, and undercut
their revenue streams even as the giants shift to doing battle with the
upstarts.

Even if the upstarts fail to break the grip of the telecom giants, Wall Street
analysts speculate, the upstarts will possess tremendously valuable
capacity and will likely become ripe takeover targets. Either way, they
figure, investors win.

The Yankee Group's Peterson, however, is not entirely convinced. "All of
this is highly speculative. It's a complex industry. ... There's no easy
answer for investors," he said. "In the end, you are going to be judged on
the ability to grow revenue streams."

Jeffry Bartash is a reporter for CBS MarketWatch.

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