Perhaps this paper from this month's Review of Network Economics (http://www.rnejournal.com/articles/bernstein_et_al_RNE_sep_2007.pdf) on the irreversibility of telecoms investments isn't as clear as we thought.

On 9/13/07, bmanning@vacation.karoshi.com <bmanning@vacation.karoshi.com > wrote:


this might be a revenue stream ...


--bill