Hutchison 3G Respond To Negative Rating
Hutchison is responding to a negative rating they’ve been given by Standard and Poor’s by taking the “give us more time!” approach. They claim they’re just a tiny startup who just started their business and should be expected to struggle at first. Now don’t you feel sorry for them? They would have a valid point if (a) they didn’t insanely overhype their offerings and their expected adoption rates and (b) if they weren’t changing business plans more often than a newborn changes diapers. Plus, their latest business model change, to become a low-cost voice provider – completely ignores the whole reason they rushed out their high speed data network in the first place, suggesting that they’re going to face a lot of trouble.
