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Forums » ALERT: NorthPoint files Chapter 11 » I guess their skyrocketing stock...
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Verizon says no thanks »
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bmk57

join:2000-08-28
New York, NY

I guess their skyrocketing stock...

is about to come plummeting back down to earth.

It doesn't seem like many people were fooled...

worthless-stock

@mcneiltech.com

Stockholders are not smiling

I posted an earlier remark about the worthless stock of NorthPoint and Covad. The DSL market is about to go through that horrible Capitalistic phase, "shakeout". The Teleco's and the Cable companies will rule in 2001. I urge everyone to take stock, literally, of their DSL provider and prepare for the worst. The Business analysts had been predicting failure in the Broadband arena. Their dire predictions are now materializing. It would be prudent for anyone who is contemplating broadband to purchase the service from either the Teleco, the Cable companies or a financially strong ISP (AOL, Earthlink, etc).

sporkme
drop the crantini and move it, sister
Premium,MVM
join:2000-07-01
Morristown, NJ
·Optimum Online

Re: Stockholders are not smiling

said by worthless-stock:
= The Business analysts had been predicting failure in the Broadband arena. Their dire predictions are now materializing. It would be prudent for anyone who is contemplating broadband to purchase the service from either the Teleco, the Cable companies or a financially strong ISP (AOL, Earthlink, etc).
Analysts shmanysts. Yeah, the market stinks, but it's only because most Wall Street types are lazy gluttons who listen to drivel from even lazier uneducated "analysts".

No, being a DCLEC is not the BEST business plan, but it is not that damn bad. Covad minus consumer lines could truly have potential. I'm sure way back when there were folks thinking that running copper pairs back to people's houses so they could talk to each other was a really stupid idea given the costs of labor and R&D.

With proper management and funding, the DCLEC model is not entirely screwy.

C
Forums » ALERT: NorthPoint files Chapter 11Verizon says no thanks »
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