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North American Network Operators Group Date Prev | Date Next | Date Index | Thread Index | Author Index | Historical FW: wcom overbilling
------ Forwarded Message From: joe mcguckin <[email protected]> Date: Sat, 06 Jul 2002 21:43:23 -0700 To: Hank Nussbacher <[email protected]> Subject: Re: wcom overbilling On 7/6/02 9:04 PM, "Hank Nussbacher" <[email protected]> wrote: > > At 04:50 PM 06-07-02 +0100, Stephen J. Wilcox wrote: > >> .. which is why I think people (especially US altho it seems to be coming >> more >> the normal in other markets) use EBITDA as it smooths out the bumps even >> tho the >> bumps are still there! >> >> The other nice thing in the telecoms world about EBITDA is the 'D' which >> seems >> to work quite well at hiding losses caused by falling fibre/bandwidth prices! > > From Barrons: > EBITDA = Earnings Before I Tricked the Dumb Auditor > > -Hank > > >> Steve > > Why shouldn't interest expense be taken into account? After all, they (name your favorite carrier) wouldn't have that nice fiber network if it weren't for all the money they borrowed. Paying the interest on the borrowed money should be treated as a normal business expense. Joe ------ End of Forwarded Message
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