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RE: Covad, Chapter 11 !
> From: Steven J. Sobol [mailto:[email protected]] > Sent: Wednesday, August 08, 2001 12:44 PM > > On Wed, 8 Aug 2001, Mitch Halmu wrote: > > > Ownership of the C/O and the last mile confers ILECs an > unfair advantage > > in this business > > I'd agree with that, but I think there's more to it than that. Cash > management and order turnaround time play a big role in the > success of a DLEC, too. Cash management wasn't just a problem with the DLECs. Most of the dot-com world had that problem. If WebVan had reduced itself to making at least ONE region profitable (proving the market) and then resrticted themselves to half of their growth rate, they'd still be around. Most of them bit off more than they could chew, were to stupid to realise it, and choked to death when they couldn't feed the burn-rate.