»Re: Bell Canada's financials and UBB
Re: Bell Canada's financials and UBB
What *is* galling about this is that Bell and all its officers have a legal responsibility to provide accurate information to the investing public (via the analysts) during these conference calls. There are financial and possible criminal sanctions for not doing so.
Yet these same cretins can stand before the CRTC and spout falsehood after falsehood without repercussions, or if there are possible repercussions that they are never enforced.
It's high time for all testimony before the CRTC to be sworn under oath, with severe penalties for false/misleading statements.
1) Corporate Death Penalty - ignore a CRTC ruling once, get fined $1mm/DAY; ignore the same or another ruling twice, get fined $10MM/DAY retroactive to the date of the first ruling; ignore a new or the same ruling a third time, the corporation's charter is cancelled and corporation is placed in receivership - shareholder's equity wiped out, corporation executives & directors placed on trial for contempt with all penalties payable personally.
2) Powers of Investigation to be added to IC/CRTC mandate - includes audit teams capable of surprise technical inspections, power to demand technical information on-the-spot, power to remove equipment/records for study. penalties for failure to comply are same as 1) above.
It's also Shaw being candid with investors and liars to the CRTC.
»www.shaw.ca/uploadedFiles/Corpor···inal.pdf (see link at top of page for working link to this document)
Slide #5 (numbers at lower left)
In the future, we believe our usage based billing plan will enable the further monetization of our Internet business as data usage becomes more prevalent and common amongst our customer base (ie. streaming of video)
Over-the-top applications (i.e. Global TV website, Hulu etc.) relating to the viewing of traditional broadcasting will become more common in the future and management of content will help mitigate this risk to our core business
Let's be clear in all this:
Monetizing / monetization are code words for "profit centre", and not "cost recovery" or "behaviour modification".