On Wed, Apr 16, 2008 at 10:32 PM, Steve Meyers <[EMAIL PROTECTED]> wrote: > Perhaps you don't understand fiber optic technology.
Then again, perhaps I do. Having spent many years of my life working on operating system and protocol software for enterprise-class routers, it's possible that I have a fair understanding of the technologies involved. Yes, fiber will probably go far by today's standards. But who can predict what will come along in two or three decades? If you think you can reliably predict which as-yet-invented networking technologies we'll all be using ten years hence, let alone twenty or thirty, I submit that you are kidding yourself. :-) My own self-deluded prediction is that those technologies, whatever they may be, will make landline fiber-optics look like 9600 baud modems. And yet we'll still be making payments on UTOPIA bonds. > If you read the article I linked to in my last post, you'd see what really > happened. I think I understand the loan problem. The objective measures I have in mind are the "take rate" and the revenue per subscriber figures, both of which are reported to have fallen short of projections, and both of which are unrelated to the loan problems. Those two objective measures relate directly to the overall financial success of the project and hence have some power to predict the probability that the city governments will be called upon to make good on bond payments. Chris /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
