More Adventures in e-Books
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The second metaphor is one that has been doing the rounds in recent months in analyses of the collapse in the share price of telecommunications infrastructure providers. The investments by companies like Global Crossing and MCI WorldCom in creating huge networks of broadband fiber optic cable has been compared to the building of the huge network of railroads across America by a host of private companies spending money loaned them by JP Morgan and others at the end of the 19th century. Most of those companies went out of business, because the capacity created far exceeded demand: similarly by most calculations the utilization rate of the fiberoptic networks built in the past ten years is about 5 percent.
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- Companies:
- ContentGuard
- Texterity Inc.
- People:
- Derek Jeter
- Richard Nash
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