Telecoms Are Giving Back Ill-Gotten Gains
28 June 2002
When you look at the collapse of the telecom business and the actual dollar volumes of market declines and losses, you begin to see a business that has been fundamentally flawed for a long time. If stories like this have even 10% truth (and they do), we’re witnessing a great purge that has been needed for far too long.
’You have no idea the evil we do’ – MCI insiders break their silence. Meet the High Toll Dept. [The Register]
Behind each and every market decline is a group of ”home town” investors who feel as if they’ve been betrayed. Whether the business in question has simply dropped with the telecom market or been a party to shenanigans, telecom investors are in the same boat:
Jackson, MS – Worldcom
Omaha, NE – Level 3
Denver, CO – Qwest
The list goes on and on.
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