dnoyeB
Ferrous Phallus
join:2000-10-09
Southfield, MI
|  reply to lvas
Re: understand what your asking for folks.
I'll go easy since your obviously new here...Anti-competitive behavior of the baby bells is what primarily led to the demise of the telecom sector. Its just like what USA did in Iraq. We told the telecoms that they had a right to the baby bells distribution boxes, etc. They build a business based on this access to sell DSL and other related services like local phone service. THen the government FAILED to enforce their act. So their business model was shreaded in an instant. So CEOs realizing that their was NO way in hell their company would ever make money began to bilk the shareholders and fatten their pockets as fast as they could.
Anyone else remember NP exec on the job for about 3 months that took the HUGE bonus during their bankruptsy.
Your on the wrong forum to start talking about things that you have not investigated very well. Stick around, well learn ya.
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dnoyeB"Then said I, Wisdom [is] better than strength: nevertheless the poor man's wisdom [is] despised, and his words are not heard. " Ecclesiastes 9:16
The government is pricing our rights our of our reach. |
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Perihelion
join:2001-03-29
Orange, CA
| NP exec on the job for 3 mos. and took a bonus? Hmmm...give me a clue, I should have remembered that one.
TA1996 opened up the market for many of these firms. Uh BTW - Did I see someone refer to NorthPoint as an ISP? That should tell you what that person knows about it.
Regardless of what you may opine, you had to be there to get a sense of what happened. Fact - no one was ready for the huge pent up demand, ILEC's took great advantage of this and many other short comings to stick it to these smaller firms. It was like the ILEC teacher watching a bunch of little kids kicking the crap out of each other in the sand box. We willingly obliged.
Then someone decided that many of these little companies should have enterprise level systems and "real, credible" management teams. So the little guys hired some pedigreed MBA's who understood how to spend money in a limitless fashion. The MBA's hired consultants, who spent $10's of millions on these systems that didn't work properly until they were load tested, had dropped 20,000 orders on the floor and basically screwed the downstream partners for weeks on end. The consultants made millions folks.
Then the street decided that EBITDA was king and not customer base....too late Mr Banker I've spent all that money based on a 5 year ramp, guess we'll fire everyone and file BK.
Of course that's the generic version but if you worked for any of the CLEC's or ISP's that went up in smoke you've got a framework for your experience. Add your own names, toss in related dollar amounts plus the alphabet soup of consultants and finally add your office's soap opera and it's a wrap.
It varied by time, location and amount but the underlying story is pretty much the same. When the telco's realized they were going to get aced out of the deal they politely stiff armed all of us and then watched as we imploded through arrogant mismanagment.
I rest my case. |
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lvas
join:2001-05-17
Glen Carbon, IL | reply to dnoyeB
"just like what the USA did in Iraq"?
sorry - you lost me on your comparsion. |
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