[109696] in North American Network Operators' Group
RE: Telecom Collapse?
daemon@ATHENA.MIT.EDU (Alex Rubenstein)
Thu Dec 4 11:54:34 2008
From: Alex Rubenstein <alex@corp.nac.net>
To: Jack Bates <jbates@brightok.net>, nanog list <nanog@nanog.org>
Date: Thu, 4 Dec 2008 11:54:23 -0500
In-Reply-To: <4938097B.80601@brightok.net>
Errors-To: nanog-bounces@nanog.org
And it gets better:
AT&T to reduce workforce by 12,000 - AT&T Inc. will layoff 12,000 of its em=
ployees, or 4 percent of its total workforce, in response to recent economi=
c pressures.
Sprint/Nextel has had negative net income of $326mm, $829mm, and $505mm for=
the last three quarters.
Verizon seems to be doing alright, about a billion in net income each quart=
er.=20
GBLX has had negative net income of about $70mm each of the last three quar=
ters.
L3 has been doing slightly worse.
I am sure Q4 numbers aren't going to be great.
I hadn't thought about this, but it's going to be pretty interesting the ne=
xt year or so.
