wcom overbilling

Sun Jul 7 04:04:31 UTC 2002

At 04:50 PM 06-07-02 +0100, Stephen J. Wilcox wrote:

>.. which is why I think people (especially US altho it seems to be coming more
>the normal in other markets) use EBITDA as it smooths out the bumps even 
>tho the
>bumps are still there!
>
>The other nice thing in the telecoms world about EBITDA is the 'D' which seems
>to work quite well at hiding losses caused by falling fibre/bandwidth prices!

 From Barrons:
EBITDA = Earnings Before I Tricked the Dumb Auditor

-Hank


>Steve