[liberationtech] Breaking: $1, 135, 000, 000 to Internet Society if .org Deal Goes Down

Yosem Companys ycompanys at gmail.com
Fri Nov 29 20:31:05 CET 2019


Tim Berners-Lee, over 10,000 at https://savedotorg.org/#add-org, slews of
reporters, 3 ISOC Chapters and almost all well-informed independents are
strongly opposed to the deal. The Internet Society just revealed it would
get 1.13 Billion from very rich US investors for .org. That is enough money
that honorable people have decided the damage to the Internet from the deal
should be overridden. The deal will die if Pennsylvania or ICANN blocks or
even delays.

If I were on the board, I might have voted for the deal. I've been among
the most skeptical, partly because the amount and many other key details
were totally secret. I would have demanded much more information and public
discussion.

I'm strongly advocating ISOC now take extraordinary steps to heal the rift
with the chapters and restore the public perception of ISOC.

http://netpolicynews.com/index.php/89-r/1166-1-300-000-000-to-internet-society-if-org-deal-goes-down


About Net Policy News
NPN was planned in 2012 when I thought ITU/WCIT might change the rules of
the net. As I learned more, I wrote that nothing of substance would be
achieved in Dubai. Amid lots of rhetoric, nothing of substance did occur.
On a near-trivial symbolic item, the U.S. said "fuggedaboutit" and blocked
consensus. I've since attended the ITU Plenipot in Busan and as many other
events I can afford.

    The battle between the "Incumbents" and the "Want Change" faction at
ITU is colorful but ultimately one of the least important issues in net
policy. Making the net affordable for all is my primary goal, and nothing
at ITU, ICANN, of the rest of the acronyms will make a big difference.
Rules on spectrum, patents & royalties, competition, who builds
infrastructure and many are far more important than any of the diplomatic
rhetoric. I'll do my best to report widely.

    I've been on the U.S. State Department International Telecom Advisory
Committee for nearly a decade. I'm often in a small minority in the group.

 Let me know how I'm doing. daveb at dslprime.com

Dave Burstein, Editor and Publisher
This is the news of the fast net, always looking to get closer to the truth.

Dave Burstein, editor and publisher. daveb (at) dslprime.com

Jennie Bourne, online editor

Contributing Editors: Charles Hall, Danny Burstein.

I've had a lot of fun since I started DSL Prime in 1999, which gradually
morphed into Fast Net News and the rest. I'm still learning.

The boom was unbelievable. I reported the limousines three deep in front of
the Plaza, as the Masters of the Internet Universe compared their billions.
I reported a million, then 10 million, then 100 million homes connected.
Video over the net was called "streaming media" and lost billions before
they discovered not many people wanted to watch boring, small, jerky videos
on the net. Then the cost of web delivery fell and we all know what's
happened. Covad, Rhythms, and NorthPoint were worth $20B at the peak, then
bankrupt 18 months later. The U.S. had the lead, and then it switched to
Korea, Japan, China and France. I hate that the U.S. has fallen to an also
ran on the Internet, but delighted with what I'm learning from the French,
Germans, and Koreans as I travel.

A surprising percentage of people in the English-speaking part of the
industry are subscribers, as well as many in government, academia, the
press and Wall Street.

Our stories have been picked up, with credit, in The New York and Los
Angeles Times, The Wall Street Journal, The Chicago Tribune, The San
Francisco Chronicle, Forbes, Business Week, and many others. We've also
been cited in many government reports and independent studies.

I found myself deep in engineering, finance, and policy, although I'm not
formally trained. I developed some surprising friends in high places, and
got startled one day when a bureau chief called me "the conscience of the
FCC." Wall Street analysts made me their pet geek. I discovered I could
walk up to a CEO with 200,000 employees. He'd answer my questions if they
were interesting enough.

I was mostly a curious geek trying to imagine how to be a reporter. There
were no rules for Internet journalism, so we made up the rules as we went
along.

The biggest favor you can do a journalist is to point out errors.

 The financial side is crucial in this capital-hungry business and is an
essential part of reporting and analysis.  Looking at the ratio of
depreciation to capex makes it clear, for example, that medium-sized U.S.
carriers are strip mining their companies and will happily sell. Several
have already sold out and others might. Huawei's nearly unlimited line of
credit with government controlled banks allows them to finance customers
freely. That's won them major customers from Africa to Latin America.

Smart executives don't lie when they talk to wall street, so I listen
closely. Information is currency on the street, so I get invited to events
where the waiters have better suits than I do. I seem to be the pet geek of
wall street, which turns out to be a great role for collecting information.
For example, I've had great confirmation that SBC/AT&T can provide near
universal DSL service using $200 repeaters and was ready to do so. I asked
CEO Ed Whitacre in 2005.  Their pr people weren't happy I announced before
they did, but couldn't deny the facts their President had mentioned to
investors. Qwest in 2008 told the street that they are reducing costs
effectively while telling Colorado their costs have gone up so much they
need a large price hike.

This is not a financial publication. We do not pick stocks. Really. We are
looking at very different issues than the market does, and the market often
moves against our analysis. That's experience, not modesty. I've often seen
market moves I didn't expect. That's partly because the price of stocks has
only a modest connection to the underlying financials of the company. Pro
traders only incidentally look at the substance of a company's prospects,
and pay far more attention to what their peers believe than the facts.
Graham and Dodd are paid lip service, but rarely followed. In addition,
hard as this is to accept, randomness has a major impact on stock moves. In
2008 I wrote stock prices reflect even more of a short term outlook than
usual, forcing companies to cut capex beyond what's rational for earnings.
Dividend increases and buybacks have been the way to get stock prices up.
Since stock prices have been going up with dividends, analysts demand more
of same. Companies respond and pull so much cash out of the business
profits will drop a few years later. A few years later doesn't count, until
it does. This cycle will one day reverse, the smartest guys on wall street
believe, but seven years later this is even more true.

Policy is boring but important, so I cover it as best I can. I've been
surprised to make so many friends in policy; they really do prefer to talk
with anyone other than the usual suspects saying the usual things. If you
know what's really going on, they want to hear. Even honest lobbyists
rarely have depth on what their own companies are doing in the field, much
less knowledge of practices worth copying from other nations.

I only succeed with help from readers and the industry. I want to hear from
you. Contact Dave Burstein, the editor. daveb at dslprime.com.

Dave Burstein, Editor, DSL Prime, 420 West 119th St #51, NY NY 10027

Online editor: Jennie Bourne jennie at dslprime.com

Conflict of Interest Note: Since 2015, Adtran, ASSIA, Calix, and Huawei
have covered expenses to their events. Conferences have also paid our way.
ASSIA paid a (modest) fee for attending their Advisory Board.  I freely
accept consulting and reporting work and always report conflicts. You can
see our advertisers; often, consulting/advisory work is part of the
package. I welcome other consulting. July 2017 There's nothing interesting
to report in 2016 or 2017. Previously, I've done extensive work for ASSIA
and the Marconi Foundation.

Jennie Bourne is the author of Web Video: Making it Great, Getting it
Noticed and co-author of DSL: A Wiley Tech Brief she produces videos for
the web. As a journalist Bourne wrote TV news, edited news film for ABC and
NBC TV, and produced and anchored the Evening News at WBAI-FM. She produced
Ecological Literacy, a documentary as well as many television segments.
Bourne taught at Rutgers and NYU.  She is currently working on a
documentary about Macintosh creator Jef Raskin.

The people who make decisions and buy products read DSL Prime and our new
publications. That's makes it among the best places to advertise your
products.
Click

Bias: I have a strong consumer bias. It's my job to overcome any bias and
report as close to the truth as possible. I believe any reporter who claims
to be unbiased is lying to him/herself. I would rather not pretend.  I've
also gone beyond that as an advocate for what I believe, including filing
comments on FCC issues and pressing officials on issues I care about. In
telecom, there are few knowledgeable people who aren't paid by the
companies involved. I think it's important therefore to bring information I
have to governments when I feel they are being misinformed. Readers will
have to judge whether my reporting remains accurate despite my bias.

Press information: I have a press-friendly policy, and am happy to work
with or share anything I have knowledge with other reporters. I like
getting the ideas out and learn from other reporters in turn. Call or email
Dave Burstein and I'll find a way to help you. Deadlines understood.

Editorial Integrity Policy and conflict of interest: Like most trade press,
we accept advertising from the companies about which we report. Of course
they push us to write stories their way. We believe we serve our
advertisers best by independent reporting that attracts readers to their
ads. Advertising packages generally include consulting or advisory work if
desired. As an Internet-enabled business, we support our work with related
income. We believe the ethical response is to make clear where our conflict
of interests lie.

Jennie and I have written two books, one on DSL and one on Web Video. I've
chaired three Fast Net Futures conferences for Pulver and two Web Video
Summits for Meckler. We accept occasional work from companies in the
industry, including briefing, presentations, seminars and similar, always
disclosed. Amazon will pay us a commission if you buy books after following
a link from our site. The MacArthur Foundation hasn't come calling, but my
landlord has.

   We do accept meals from companies and small presents like notepads. We
freely accept travel expenses from conferences, etc. Occasionally,
companies have a legitimate press event and we accept travel. I turn down
offers that don't pass the smell test. Jennie is still mad I passed on an
all-expense trip to Israel for the two of us. The company was based there,
but it was obviously a thank-you rather than an attempt to bring us there
for reporting.

Privacy Policy: We do not collect any information about visitors to our
site. Period. We do not share our subscription list with anyone, although
infrequently will do a mailing on behalf of a sponsor. Web site advertisers
may use a service like Doubleclick to offer their ads, which tracks
responders.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.ghserv.net/pipermail/lt/attachments/20191129/29b4a719/attachment-0001.html>


More information about the LT mailing list