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Current Topic: Economics

Technologists Question I.B.M. Move | John Markoff in NYT
Topic: Economics 12:11 am EDT, Apr 30, 2002

There are people who believe Silicon Valley is a misnomer. ... Iron Ferrite Valley would be a more appropriate name, although the case has been harder to make since IBM decided to sell its business in magnetic disk data storage to Hitachi.

A half-century ago, IBM began research that would lead to the first disk drive.

Almaden Research Center has long been considered one of IBM's crown jewels ... Now, part of it will become a joint venture to be 70% owned by Hitachi.

So there was some quiet grumbling ... as many technologists wondered whether the computer maker was not mortgaging its future.

Does IBM actually have a grand strategy in data storage [or is it about improving the short-term bottom line]?

It may take a peculiar kind of company to stay alive in [the rapidly consolidating storage industry.]

The technology is changing even faster. Execution of each new generation of technology has to be flawless or else market share can collapse overnight.

For decades, critics have been predicting the imminent obsolescence of hard-disk drives. IBM may have finally decided that the writing is indeed on the wall.

Garnter: "IBM is abdicating the next 10 years and betting on the future." If he's right, IBM might be telegraphing a new data storage world that will open vistas even more remarkable than an Iron Ferrite Valley.

What is interesting about this is that IBM has recently led a huge resurgence in this field. They were first with many new drive technologies and I ran many of their drives (not the infamous 75GXP) and was very impressed with their stability and speed.

Technologists Question I.B.M. Move | John Markoff in NYT


So Sue Me -- New flurry of suits alleging telecom stock inflation
Topic: Economics 3:14 pm EDT, Apr 16, 2002

A spokesperson for JDS Uniphase declined to comment on the suits, as did FLAG Telecom, another company that saw a steep dropoff in stock prices--from $40 at one point to around 15 cents today--and is also being sued for alleged misrepresentation.

Wow. Even if iAsiaWorks had sold to FLAG we would all be screwed still. At least it would have been 8 months later, though . . .

So Sue Me -- New flurry of suits alleging telecom stock inflation


Flag Telecom Files for Bankruptcy
Topic: Economics 8:08 pm EDT, Apr 13, 2002

Flag Telecom filed for bankruptcy protection, becoming the latest high-speed network operator to buckle under mounting debt amid the industry's glut of network capacity and slumping demand.

Flag's board authorized the filing after banks sped up debt repayment, which triggered a cross default on its outstanding senior notes. ... If an agreement can be reached, Flag could emerge from bankruptcy.

The company is backed by Verizon (18.6%) and Tyco (11.2%), among others.

So, who wants to buy the world's longest cable? Cheap! Cheap! What, no takers?

Flag Telecom Files for Bankruptcy


SecurityFocus home columnists: A Certified Waste of Time
Topic: Economics 7:17 pm EST, Apr  2, 2002

This is why the country is in a funk now. The good people have to put up with this kind of crap. I figured the CISSP was a joke and now it's clear.

Why doesn't the tech community have real certifications that are more like the way lawyers and other professionals are handled?

SecurityFocus home columnists: A Certified Waste of Time


Metromedia Fiber Slides Toward a Bankruptcy Filing
Topic: Economics 5:45 pm EST, Apr  2, 2002

Metromedia Fiber Network, a major provider of optical fiber communications networks in and around large cities, replaced its top executives yesterday and said that it had violated several loan agreements, moving to the brink of bankruptcy.

The company missed an $8.1 million interest payment Friday on $231 million in notes issued to Nortel Networks. The missed payment automatically put it into default not just on the Nortel notes but on more than $440 million in notes and other loans from major creditors and banks.

As of the end of February, the company had $3.3 billion in total debt and less than $40 million in cash. ... Metromedia Fiber's collapse would be one of the largest yet in the telecommunications sector. The company ... claims to be the industry's leading supplier of high-speed voice and data networks to urban customers.

Metromedia Fiber Slides Toward a Bankruptcy Filing


Telecom, Tangled in Its Own Web
Topic: Economics 2:50 pm EST, Mar 28, 2002

Christ. What a bloodletting. What a disaster. It's crazy.

Redistribution of wealth upwards. Joy.

Telecom, Tangled in Its Own Web


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