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No. of Recommendations: 2
This is essential reading. I cannot stress enough
how important it is for us all to read, digest,
and discuss the issues presented in this report.


Absolutely! Isenberg also has a website at http://www.isen.com

Circuit switching vs. packet switching aside, AT&T's wireless business is what attracted me.

I'm not sure how AT&T's wireless business will be eventually valuated. I checked NTT vs. NTT DoCoMo (http://quote.yahoo.co.jp/q?s=NTT&d=t) just out of curiosity. I can't read Japanese, but I recognize a few characters. So this is just my guess at best:

NTT market cap - 28,236,322 million Yen
NTT DoCoMo market cap - 33,324,480 million Yen

Can anyone shed light on this? How does T's wireless business compare with NTT DoCoMo's? My impression is DoCoMo has many more subscribers and much more revenue, but it's just amazing that DoCoMo's market cap is higher than its parent's.

(I agree that in the global market, AT&T is facing fierce competition from WCOM, GBLX and even the little-known ENT in the corporate market. And I'm also aware that in the local loop, AT&T will be fighting RBOC's, CLEC's, Paul Allen's RCNC, WCOM/FON/CSCO's MMDS, and probably even MCOM's R2 network)
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