WorldCom isn't the first telecom to go bankrupt. This trend in this industry is just accelerating. Blame it on the classic business cycle: overbuilding, in this case excess capacity, traditionally overflowing inventories, usually are the downfall of boom times.
This is especially true in the telecom industry. Sure, there's capacity, but instead of lowering prices to encourage consumption, the telecoms have to meet the bottom line. Unfortunately for some this is causing an industry shake-out.
Slashdot Mirror
WorldCom isn't the first telecom to go bankrupt. This trend in this industry is just accelerating. Blame it on the classic business cycle: overbuilding, in this case excess capacity, traditionally overflowing inventories, usually are the downfall of boom times. This is especially true in the telecom industry. Sure, there's capacity, but instead of lowering prices to encourage consumption, the telecoms have to meet the bottom line. Unfortunately for some this is causing an industry shake-out.
Didn't Klez render this point moot?