MrSpock29
join:2008-02-09
Hammonton, NJ
| reply to morbo
Re: 679 million dollar contract
said by morbo  :why do you think it isn't relevant? What does it have to do with NYC? Nothing. Businesses go out and "do business". Because a company gets one contract totally unrelated, does that mean it should be held against them?
This is supposed to be a capitalistic society. |
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morbo
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clubs: | it has to do with VERIZON, which is the company set to wire NYC. it's also a huge government contract, so it's good to know just for general information. |
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MrSpock29
join:2008-02-09
Hammonton, NJ
1 edit | said by morbo :it has to do with VERIZON, which is the company set to wire NYC. it's also a huge government contract, so it's good to know just for general information. A Federal contract has nothing to do with a contract for NYC at all, IMHO, it is irrelevant to the point.
It is similar to saying that "Comcast is deploying DOCSIS 3.0 in their markets, the same company who had an issue with a traffic accident......". One has nothing at all to do with the other. |
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TKJunkMail
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join:2002-03-03
Avalon, NJ
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| reply to morbo
said by morbo :it has to do with VERIZON, which is the company set to wire NYC. it's also a huge government contract, so it's good to know just for general information. Yes, but that isn't WHY it was included.
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EPS
join:2008-02-13
Hingham, MA | reply to morbo
Probably the former MCI side of the business though, not the former NYNEX/Bell Atlantic division that's responsible for FiOS... Still the same parent company I guess though. |
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morbo
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| reply to MrSpock29
said by MrSpock29 :One has nothing at all to do with the other. I disagree. News is news, and this website's purpose is to provide the news and tie together relevant themes that exist. |
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Shamayim
I already have a Messiah.
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join:2002-09-23
2 edits | reply to MrSpock29
said by MrSpock29 :This is supposed to be a capitalistic society. Capitalism is the best economic system in the world. It is not a license to rip off the consumer.
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MrSpock29
join:2008-02-09
Hammonton, NJ
1 edit | said by Shamayim :said by MrSpock29 :This is supposed to be a capitalistic society. Capitalism is the best economic system in the world. It is not a license to rip off the consumer. Agreed. Not sure where I ever said it was a license to rip off people though. |
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Shamayim
I already have a Messiah.
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join:2002-09-23 | I apologize. Apparently I misunderstood your comment. |
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MrSpock29
join:2008-02-09
Hammonton, NJ
| said by Shamayim :I apologize. Apparently I misunderstood your comment. No worries  |
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SD6
join:2005-03-26
| reply to morbo
said by morbo :said by MrSpock29 :One has nothing at all to do with the other. I disagree. News is news, and this website's purpose is to provide the news and tie together relevant themes that exist. I sometimes wonder whether the intention is to tie news themes together or to create themes. Using the size of an unrelated government contract to support criticism of the size of the penalties in the NYC FIOS agreement is not appropriate. This website is valuable to me as an aggregator of broadband related news. I can deal with the various editorial slants.
The appropriate factors to judge the size of the penalties:
1) their proportion to the value of the franchise (to VZ)
2) the extent of competition to execute a similar franchise
3) the penalties in similar franchise agreements
I can only comment on 2) and 3) now. Not much competition because there are very few companies that could even hope to wire all of NYC for TV in six years (or even 10 years). Very few franchise agreements explicitly include large monetary penalties for failure to complete the buildout. |
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morbo
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| said by SD6 :I sometimes wonder whether the intention is to tie news themes together or to create themes. Using the size of an unrelated government contract to support criticism of the size of the penalties in the NYC FIOS agreement is not appropriate. This website is valuable to me as an aggregator of broadband related news. I can deal with the various editorial slants. I'm not sure what website you're reading, but dslreports and its readership has been accused of being OVERLY supportive of Verizon, with its long-term business plan and use of future-proof technology.
Pointing out that VZ received a very large government contract is interesting both as VZ stockholder and citizen of this country. I was unaware of the news so I followed the link to learn more.
The financial penalties for Verizon for failing to meet FIOS rollout targets in NYC is 100% laughable. That amount of money is chump change, not the "large monetary penalities" you called it. |
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