Create an Account
username: password:
  MemeStreams Logo

What questions are you asking yourself?


My Blog
My Profile
My Audience
My Sources
Send Me a Message

sponsored links

Jeremy's topics
   Sci-Fi/Fantasy Literature
   Movie Genres
    Cult Films
    Independent Films
    Film Noir
    Sci-Fi/Fantasy Films
   Music Styles
    Electronic Music
    Rap & Hip Hop
    World Music
   TV Documentary
   TV Drama
   SciFi TV
  Finance & Accounting
   Tech Industry
   Telecom Industry
  Markets & Investing
  Video Games
   PC Video Games
   Console Video Games
Health and Wellness
Home and Garden
   Using MemeStreams
Current Events
  War on Terrorism
  Cars and Trucks
Local Information
  United States
    SF Bay Area
   Events in Washington D.C.
   News for Washington D.C.
     Atlanta Events
  Nano Tech
  International Relations
  Politics and Law
   Civil Liberties
    Internet Civil Liberties
   Intellectual Property
   Computer Security
   PC Hardware
   Human Computer Interaction
   Computer Networking
   Software Development
    Open Source Development
  Military Technology
  High Tech Developments

support us

Get MemeStreams Stuff!

Current Topic: Economics

All Over the Area, Data Centers Assume New Identities
Topic: Economics 7:23 am EDT, May 14, 2002

Not long ago, the Washington region was one of the hottest spots in the nation for building bunker-like warehouses for the powerful computers that send, receive and store data on the Internet. Now, with many of those data centers gone dark, the region has become a magnet for bargain hunters.

Only 34.7% of data-center space is being used. About 1/3 of the excess is for sale, at a 50-90% discount off the construction cost.

The data centers originally blossomed as the Internet bubble grew. The theory was that Internet traffic would continue to double every six months ... "There was sort of an ad hoc land-grab mentality." ... "The heyday of telecom expansion is not what it was and will not be coming back."

All Over the Area, Data Centers Assume New Identities

Big Media Mergers Raise Big Doubts
Topic: Economics 7:16 am EDT, May 14, 2002

Is 'Synergy' Achievable -- or Even Desirable?

Executives of the media giants and some industry analysts insist that there is no systemic problem with large-scale media acquisitions and that it is too early to issue a meaningful report card on synergy. They say last year's advertising climate, the worst since World War II, has conspired with a recession to keep companies from achieving their goals; the jaw-dropping one-time charges on companies' balance sheets are merely the product of a change in accounting rules.

But the write-offs essentially reflect the fact that the companies paid too much for their acquisitions, based on overly optimistic expectations that the whole would be greater than the sum of the parts.

I think they're missing the point on advertising when they call it a "poor climate." The reality, at least in some media, is that the concept and practice of advertising have fundamentally changed. The notion is losing favor that customers will accept advertising in exchange for a "free" product. Given the choice, many customers will opt to pay for ad-free products. And if content providers don't have an ad-free offer, then going forward the content provider won't be able to reach those customers. The reality for advertisers is that those customers will become increasingly inaccessible to them.

Big Media Mergers Raise Big Doubts

Question Marks at Cable and Wireless
Topic: Economics 6:14 am EDT, May 14, 2002

In the last three years, Graham Wallace, chief executive of Cable and Wireless, has defied critics by transforming a lumbering phone company into a New Age provider of Internet services to large corporations.

Now that strategy -- and Mr. Wallace's job -- is on the line. With Cable and Wireless's stock price floundering, investors are increasingly calling for a shake-up, including the shutdown of some units and the resignation of Mr. Wallace.

... Investors have erased $9.8B in market value in the last year. C&W will report a 54% decline in EBITDA on a 28% decline in revenue.

... Mr. Wallace invested heavily to acquire networks in Japan, the United States and Britain, as did rivals. Too much competition and the slowing economy caused prices to plummet.

Question Marks at Cable and Wireless

WorldCom to declare bankruptcy?
Topic: Economics 6:28 am EDT, May 13, 2002

As WorldCom's financial situation darkens, analysts say bankruptcy could be just around the corner. Even if it isn't, the telecommunications company and its competitors are in for a rough ride for the next few years, according to Wall Street analysts.

... debt slashed to "junk" status; $32B in debt, but customers aren't defecting [yet]. "The bigger problem is going to be two, three or four years out. It's a long-term situation." ... price wars, excess network capacity and a weak economy have taken their toll ... After Thursday, analysts are talking more about the possibility of bankruptcy. "WorldCom's problems will likely cast a further pall on other leveraged telecom carriers with perceived liquidity issues -- primarily Sprint and Qwest."

WorldCom to declare bankruptcy?

Where Telecom Bargain Hunters Turn
Topic: Economics 6:18 am EDT, May 13, 2002

It has been two months since Ivan G. Seidenberg, the chief executive of Verizon, mused at an investment conference that his company might bid for WorldCom "for the fun of it" if the stock price of that long-distance and Internet carrier continued falling.

Since then, WorldCom's shares have dropped 80%, to $1.58 on Friday. But as Mr. Seidenberg wryly suggested, conditions in the communications sector are so tough that Verizon has no real interest in WorldCom at any price. Verizon, along with rivals like SBC Communications, BellSouth and Deutsche Telekom, all have plenty of their own problems without taking on WorldCom's.

How bleak has the telecommunications scene become?

... Analyst: "We're not recommending any exposure to telecom. Tech investors are better off looking at semiconductors or game companies."

... Goldman, Sachs: "The telecom industry is beset by destructive competition in almost every sector." ... Fears are rising that telecommunications has too much in common with industries like steel and airlines.

... "At the end of the day, you're going to have the RBOC's battling each other."

Where Telecom Bargain Hunters Turn

Double Trouble Could Lead to Corning's Collapse | theStreet
Topic: Economics 10:43 am EDT, May 11, 2002

Corning's numerous problems go well beyond the collapse of the teleconomy. The company is essentially betting everything on a return of demand for its fiber-optic cable and equipment. Perhaps more troubling, its capital structure is also in shambles, meaning that at least an organizational restructuring -- and maybe a recapitalization -- almost assuredly lie ahead.

The fiber market won't likely return to its heady levels of yesteryear. ... Now, fewer customers exist for that fiber, and that compounds Corning's problem. Only the cable companies (AOLTW, Comcast, Verizon, BellSouth) have any capital to spend. Plus, pricing declined ... Fiber demand would have to skyrocket for revenue to even remain flat. ... [And capital expenses put] the company in a tight spot. ... The bottom line is that Corning will either end up in default of its credit facility or be forced to raise some cash. Neither scenario does existing shareholders any favors.

Double Trouble Could Lead to Corning's Collapse | theStreet

Credit Rating of WorldCom Is Cut to Junk
Topic: Economics 6:35 am EDT, May 10, 2002

WorldCom's credit rating was cut below investment grade yesterday by Moody's Investors Service, but the company narrowly averted a cash squeeze by securing a waiver from its lenders that allows it to have access to an important borrowing program.

Moody's says: "We estimate that WorldCom's operating earnings will fall below its interest obligations within six months."

Translation: a debt default may be on the horizon, or closer.

Credit Rating of WorldCom Is Cut to Junk

Kirch Pay TV Unit Files for Bankruptcy
Topic: Economics 6:55 am EDT, May  9, 2002

In a move that will affect Hollywood movie studios as well as the world of soccer, the Kirch Group's pay television company filed for bankruptcy today after negotiations with creditors collapsed.

The possible collapse of Premiere, a German pay TV network in which the firm is heavily invested, has already created a financial crisis for German professional soccer.

Kirch Pay TV Unit Files for Bankruptcy

NTL Files World's Largest Debt Default
Topic: Economics 6:51 am EDT, May  9, 2002

NTL Inc. filed for Chapter 11 bankruptcy protection, citing $23.38 billion in debt, as part of a recovery plan that will hand bondholders a controlling stake in Britain's largest cable-television company.

The New York-based company's debt default is the largest in history, eclipsing Enron Corp.'s $9.9-billion nonpayment last year.

NTL Files World's Largest Debt Default

Bankruptcy, Layoffs Loom for Teleglobe
Topic: Economics 6:47 am EDT, May  9, 2002

Teleglobe Inc. is running out of cash, is preparing to lay off 40 percent of its workforce -- about 800 employees -- early next week, and may file for bankruptcy protection within 10 days.

"Our situation changed absolutely -- 100 percent -- overnight. It's definitely been turbulent as we go through a tough time." Liquidation is a likelier scenario than a buyout, since "there are not a lot of takers right now." Company official: "Chances of Teleglobe surviving are slim." ... "Everything's sort of dead." Half the employees no longer show up for work.

Done? Done done. And not a moment too soon.

Bankruptcy, Layoffs Loom for Teleglobe

(Last) Newer << 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10 - 11 ++ 21 >> Older (First)
Powered By Industrial Memetics