At 10/4/2010 03:31 PM, Roger Howard wrote:
>What do you do when you ask for a quote for bandwidth, and the person
>asks what you are paying right now. Do you tell them, and if you do,
>won't they just undercut it by a  little just to get your business?
>Seems like a strange way of doing business to ask what you're paying
>for something before giving you a quote.

This reminds me of a scam ran in the past decade by a company called 
Norvergence.  They sold phone and Internet service out of a boiler 
room in beautiful downtown Newark, NJ.  The boiler room got their 
salesbozos into the door, where they promised to sell you service at 
a rate equal to on a discount on your current bills, I think 20%.  So 
they demanded your current bills in order to do a quote.  Then they 
got their marks to sign a 5-year contract!

To make it look convincing, they had Adtran sell them a 
private-labeled IAD, which they pretended did all sorts of magic.  In 
many cases it was not even in line; they were just reselling, or 
muxing, a costly T1.  The scam was that they wrote up the 5-year 
contract as a lease on the magic box. and turned around and got banks 
to finance the lease, giving the cash out to Norvergence up 
front.  But the box was really worth <$2k, and so Norvergence was 
essentially taking the banks for the anticipated 5-year cash 
flow.  The principals were then pocketing the money... until the 
whole pyramid collapsed. The banks tried to sue the marks for the 
remaining "lease" payments but I think eventually got stopped.

Moral:  Honest salesbozos don't need to know your real costs.

  --
  Fred Goldstein    k1io   fgoldstein "at" ionary.com
  ionary Consulting              http://www.ionary.com/
  +1 617 795 2701  



--------------------------------------------------------------------------------
WISPA Wants You! Join today!
http://signup.wispa.org/
--------------------------------------------------------------------------------
 
WISPA Wireless List: [email protected]

Subscribe/Unsubscribe:
http://lists.wispa.org/mailman/listinfo/wireless

Archives: http://lists.wispa.org/pipermail/wireless/

Reply via email to