Why Telecoms Are Like Dotcoms

from the too-many-too-quickly dept

Ryan writes “An interesting story in Fortune Magazine called Why Telecom Crashed. Basically, it says that there were too many people rushing in, thinking they could easily beat out the big guns because everything was super-easy to do and dirt cheap. Well, after a flooded and sometimes ill-prepared marketplace occurred (the article even compares the case to failing dot-coms), many small companies are closing shop and the big suppliers are swallowing a good amount of bad debt. The article also outlines a couple potential future situations for the telecom industry, good and bad. Personally, I think that the whole high tech industry is generally falling because of saturation and association – no one has any confidence right now in anything, and everyone is suffering because of it.”

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