"Dylan Smith" wrote in message
...
In article , Matt Barrow wrote:
Then too, it can be foolishly optimistic (I hate the "irrationally
exuberant" poop), as in the dot.com craze. Yet, how much did the murder
of
the telecom industry have to do with the dot.com collapse and
subsequent/parallel market implosion?

An enormous amount. The dot.com bubble was built on telecoms. The

Yes and no.

The dot.com were built under the assumption, roughly, that everyone was
going to turn off their TV and surf the net and make all their purchases
over the net.

implosion in demand for all this extra fibre that was put in (as well as
the wildly overoptimistic expectations for 3G services - telecom
companies ploughed vast amounts of money into 3G licenses which were ALL
to do with the dot.com bubble)

They did so under the orders of the FCC. (See first article below).

- then the bubble went away leaving
telecoms firms with huge amounts of unused bandwidth, empty datacentres,
and no demand for 3G mobile services - but they had to keep paying the
bills they'd run up in investing in all this kit that there was no
demand for.

Sorta!

"Who killed Telecom": http://www.cato.org/pubs/pas/pa533.pdf

"Telecom Undone- A Cautionary Tale":
http://www.manhattan-institute.org/h...mm-telecom.htm

"The Perils of Transition":
http://www.law.uchicago.edu/news/eps...ransition.html