"John Rigas, the founder and former chairman and CEO of Adelphia Communications, and two of his sons were arrested in Manhattan Wednesday morning on federal fraud charges. "

[ Hang'em. --Rek ]

Rigas and two sons arrested on fraud charges.. - Jul. 24, 2002

Shareholders, who owned what was once one of the world's most valuable companies, worth more than $100 billion at its peak, are expected to be virtually wiped out.

Largest. Bankruptcy. Ever. (At least for the next few months.)

Bankruptcy at WorldCom Is the Largest in U.S. History

"Expect the telecoms revival to come riding on the back of an unexpected technology that nobody in the industry has yet heard of. "

Just read the last few paragraphs.

Flag was interested in buying iAsiaWorks because they wanted something that would fill their pipes. This is a problem with very broad implications. Continued consideration of it is valuable. The real product of the boom is abundant, cheap telecom, computers, and people who can run them. What are we going to do with all this stuff now that we have it.

Economist on the future of the Telecom Industry