"Global Crossing Ltd. on Monday said it filed for bankruptcy protection as business partners in Asia agreed to pay $750 million in cash to assume control of the high-speed communications services company as it reorganizes in the fourth-largest insolvency in U.S. history."

I ask: how does this evidence compare with Roberts' claims of a strong and rapidly expanding market for network capacity?

"Global Crossing struggled with the debt incurred from building its global network, which links more than 200 major cities in 27 countries. The one-time Wall Street darling suffered further from a glut of fiber-optic network capacity, slack demand, and declining rates for voice and data transmission services, particularly on its undersea routes."

Global Crossing Files Bankruptcy, Gets Investment