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His firm nearly went under after a series of bad telecom investments he made in 1999; he left the firm in 2004.
The same thing is happening to the billions in bad telecom bets.
The bank has been hit hard by the Enron scandal, bad telecom loans and an overall investment-banking slowdown.
Private equity shop Hicks Muse burned by bad telecom investments when tech bubble burst; personally lost $10 million.
France Telecom revealed the second largest net loss in Gallic business history, as it wrote off 10.2 billion euros ($9 billion) from bad telecom investments; it sees no end to the row with 28.5%-owned German affiliate MobilCom over financial commitments.
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If Telekom must charge into a foreign market, America (perhaps through the acquisition of Sprint) would make more sense.In this section Thatcherism RIP? America's blind spot Defining NATO's aims A bad telecoms merger Heat and dust Reprints Related items European telecoms in a tangleApr 22nd 1999The bigger point is that scale is not what telecoms is about these days.
This would be bad for the big telecoms-equipment firms, such as Ericsson, Nokia-Siemens and Alcatel-Lucent, which sell the gear used in today's networks.
Not bad for a telecom company.
In the midst of all kinds of bad news about telecom stocks, it continues to be accumulated.
It is now clear that deflation and bad regulation of telecom have, unnecessarily and dumbly, stranded the economy in deep mud.
One might think that after the many disappointments and warnings of the past year, investors by now would be impervious to bad news from telecom firms.
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