We may from time to time have long or short positions in and buy and sell securities referred to herein. This firm may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any company mentioned in this report. He makes progress only when he sticks his neck out. We're not convinced. It is true the Bells boast strong customer relationships, an ability to bundle multiple services, and massive resources.
Internet access is of secondary importance.
Our bet is cable service operators will be more aggressive than the Bells in the Internet service arena. We expect cable modem technology to become the premier Internet access technology by the turn of the century. Protecting Their Voice Turf One way or another, significant competition will emerge in the U.S. local exchange telephone market during the next three to five years. Many states have already introduced competition in the in-region toll call market, several RBOCs are beginning to infringe on each others turf to offer value added business services, and telecom legislation which would accelerate competition with long distance carriers is before the Congress. These are not trivial tasks for any company - certainly not a monopoly.