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(9)In this summary you will learn
- Wall Street analysts and the media helped create the bubble
- How the broadband bubble occurred
- How WorldCom and Qwest overreached and fell on hard times
Why you should read Broadbandits
If you’ve even glanced at your retirement account balance or brokerage statement in the past few years, you no doubt have felt the effects of the broadband bubble. Less publicized than the tech wreck of 2000, the broadband meltdown was every bit as costly. Journalist Om Malik gathers the varied tales of telecom shenanigans anddf then adds up the stock sales so you can see just how much the broadbandits took. Malik’s engaging and vitriolic writing style is fun to read, and he makes the intriguing assertion that the telecoms outdid the dot-coms in terms of sheer greed and gall. getAbstract.com suggests this book to any investor who hopes not to get burned, and to any executive responsible for safeguarding shareholder value.
About the Author
Journalist Om Malik is a senior writer for Business 2.0 magazine in San Francisco. Malik previously worked for Red Herring and Forbes Online. His articles also have been published in The Wall Street Journal, Brandweek and Crain’s New York Business. Malik worked briefly as a venture capitalist.
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