SBC announced it will cut its workforce and reduce CAPEX in response to a continued weak economy and outmoded regulation that could threaten the future viability of its telecommunications networks in many of its states. CEO: "These actions ... should be of concern to every consumer ... Wholesale prices are below cost. SBC has lost 3 million retail access lines year-to-date." The company continues to reduce its investment in its network. SBC goes political, but mainly just comes off as weak and whiny. Apparently they sense an election-time opportunity and are trying to spark some regulatory activity. Or maybe they're just trying to drag along some competitors on the fast track to the bottom. SBC to Cut 11,000 More Jobs (and Whine About It) | 
