[geeks] [rescue] Ultra 5 OS

[Lionel Peterson]

On Apr 28, 2010, at 8:51 AM, gsm at mendelson.com wrote:

> In the late 1990's the busines model of telecoms, especially in  
> celluar phones
> was to get as many customers as you could, and then IPO. Each  
> customer was thought to be worth $2-$3 (1-2 UKP) in valuation at  
> IPO, no matter how much
> money they spent. It all crashed when someone started looking at  
> profits and
> cost of operation.

Same for cable companies, alarm companies, and others with paying  
subscribers/customers...

Lionel