Tuesday, July 02, 2002

LEVEL 3 COMMUNICATIONS WANTS THIS BUSINESS They are committed to attracting the 300 largest bandwidth customers to their end-to-end IP network. Yep, not a circuit switch in the entire 16,000 miles! The legacy phone companies must do an honest appraisal of the make-versus-buy economics and timing. Verizon begins shift to packet-based voice calls. Switching architecture change is first in 30 years [InfoWorld: Top News] 9:12:58 PM     Comments[]

MFS WAS SOLD TO WORLDCOM FOR MORE THAN $14 BILLION Now IDT wants it for $4 billion IDT eyes WorldCom's MFS business. Telecom firm said to offer up to $4 billion to buy corporate phone service assets [InfoWorld: Top News] 9:07:28 PM     Comments[]

IF THE TRANSITION IS SMOOTH This could be a big win for all involved! Fidelity Investments won a huge contract to take over human-resources and benefits administration for IBM's 141,000 U.S. employees. The deal comes as Fidelity tries to reduce its dependence on stock-market related revenue. [Wall Street Journal] 8:50:46 PM     Comments[]

THE VICIOUS CYCLE G.M. Plans to Resume No-Interest Financing. General Motors, the world's largest automaker, will announce a return to interest-free financing deals Tuesday. By Danny Hakim. [New York Times: Business] 8:14:47 AM     Comments[]

J. Paul Getty. "If you can count your money, you don't have a billion dollars." [Quotes of the Day] 8:01:29 AM     Comments[]

© Copyright 2002 Steve Pilgrim.

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