Simply put, Morgan did not want to have so many of its workers and operations dependent on the same transportation, telecommunications and electric power grid.
But the attack on the World Trade Center exposed the vulnerability of having a heavy concentration of crucial workers and operations dependent on the same transportation, telecommunications and power grid.
What would happen if there was an audit that tracked the flows of money--revenues, expenses and profits--of Local Service or Broadband Data Services (that both use the same identical telecommunications network infrastructure)?
In roughly the same period, the telecommunications firm WorldCom Inc. used misleading accounting techniques to hide expenses and overstate profits by $11 billion.
At the same time, the telecommunications industry went through wrenching changes that transformed old-line phone companies into wireless and cable providers.
At the same time, improved telecommunications, high-speed mechanized welding and the use of rock saws to cut permafrost have combined to make pipeline building faster and cheaper than ever, said Mr. Phelps, the executive at WestCoast, one of the companies planning to build a line.
According to other Middle East media reports, Iran also constructed in Syria an advanced Nokia Siemens Network (NS) devices for disrupting internal internet communications which permit Syrian forces to identify activists using social media -- the same type of telecommunications interception equipment Nokia was forced to admit in 2008 that hit had sold to Iran.
It's the same as investing in telecommunications or road construction.
At the same time, Lucent Technologies, the telecommunications equipment maker that was once part of AT&T, said profit fell by almost a third and sales this year would decline because of, among other things, mergers by its customers.
"Deutsche Telekom has a very active mergers and acquisition program, and they could be in different discussions with 20 companies at the same time," Ian Johnston, a telecommunications analyst with J. P. Morgan, told The Associated Press.
