Australian (ASX) Stock Market Forum

Cracker of an ASX Announcement

I never did understand why Labor kept pushing this, it made no sense from the start, it simply seemed like a huge waste of money to deliver something that a number of private companies (small ISP's) are already providing.
But the masses really have no idea but it kept being told to them so it must be a good idea.

As the presentation showed, it was ill conceived and is being managed badly.

Is that just a sign of further to come??
 
When did they release that? I coundn't find anything on the ASX. If it was on 26 May 08 it conincides with a 25% increase in share price!

They dropped 18% today.
 
Loved the first picture. Dont know if they're allowed to use any of them though. but good for laughs, thanks!
 
Great attachment, it's message was well put......the big thing for me is the chronic lack of consumer analysis.....
 
I actually had a bit of a look at the whole (FttN) issue last nite, and it seems
labor has got the numbers totally wrong...in its pre election promises.

8.7 billion wont even build half a good national network..hate to say it but
labor has turned the whole possess into a political exercise.

Telstra and Optus are the only telcos to pay the 5 million dollar (bidders) fee
to the negotiations...the others are banking consortium's and Tasmania.:eek:
 
I actually had a bit of a look at the whole (FttN) issue last nite, and it seems
labor has got the numbers totally wrong...in its pre election promises.

8.7 billion wont even build half a good national network..hate to say it but
labor has turned the whole possess into a political exercise.

Telstra and Optus are the only telcos to pay the 5 million dollar (bidders) fee
to the negotiations...the others are banking consortium's and Tasmania.:eek:

I agree that the project is going to blow out in terms of cost when and if it gets completed some day...just the sheer scale of the project is concerning...its also a very risky investment imo, e.g. a lot of effort is going into utilising existing copper capacity esp. for adsl/broadband e.g. the melb phd student who came up with the upscaling technology...making a bold investment in fibre optics quite risky for those laying out the funds.

In saying that tho, its a step in the right direction, fttn is the way to go if we are to ever see connection speeds of 30-40+ mbps here in australia. Its a start, but there is a very loooooong way to go for australian to become internationally competitive in what it offers to broadband users.

btw, thanks for the ann link....quite a laught...loved the quotes
 
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