Serendipity robertshaw.info references to interesting pieces that don't necessarily fit into other categories...  18 June 2002 Telecom Outlook: First the Bad News, Then the Bad News [New York Times: Technology]: Telecom Outlook: First the Bad News, Then the Bad News. In light of a wave of bad news last week, some analysts say the telecommunications industry's problems could become worse before they become better. "This confluence of negative news, combined with the languishing bankruptcy proceedings of Global Crossing and persistent concern over giants like WorldCom, have prompted some analysts to forecast a more severe crisis in the industry, which has already endured the erasing of an estimated $2 trillion in the market value of its constituent companies since the telecommunications slump began about two years ago."    9:20:13 AM    Google It!     The Madness of King George George Gilder listened to the technology, and became guru of the telecosm. The markets listened to his newsletter, and followed him into the Global Crossing abyss. [Wired]. "None exemplifies Gilder's rise and fall more than Global Crossing, which filed for bankruptcy - the fourth-largest ever - in January. Even in a portfolio of flops, the scope and depth of this particular debacle stands out. ... I would've been willing to bet my house against it." In effect he did. Just a few years ago, he was the toast of Wall Street and commanded as much as $100,000 per speech. Now, he confesses, he's broke and has a lien against his home."  9:10:19 AM    Google It!

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