alexm999
join:2003-01-25
Vernon Hills, IL
| Re: Its not a "scam" The norvergence product worked and worked well. What you're not mentioning is the following:
1) Because of converging Data & Voice, all local calls were free so the customer was not being dooped.
2) LD (Long Distance) was being handled by Qwest. NorV was getting rates at or below one penny (.01) cents per minute. So if the customer was paying 5 cents per minute, NorV would give them 30% off dropping thier LD cost to $.035 cents per minute. Even if Norv was paying .01 Cents per minute and charging the customer on the lease .035, they were still making out .025 cents per minute.
The problem didn't lie in the 'Scam' as everyone else puts it. (mainly the competition). But the problem lies in the top tier of Norv who cooked the books and stole money from the company.
I'm worked the numbers on an excel spread sheet every which way, and it comes out the same every time. If you dont steel money, you will make money. |
