Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Telecom/cable stocks

Posted by: Michael Mandel on June 21

The willingness of Cablevision to go private just reinforces what I’ve been saying—that telecom/cable stocks are undervalued. The share of the economy going to information/communication is no higher than it was in 1997, despite the dramatic increase in capabilities. That’s going to change soon, I believe.

TrackBack URL for this entry:

Reader Comments


June 21, 2005 01:59 PM

Another build it and they will come argument? Where have you been the last five years? Capability doesn't drive anything, certainly not value to the customers. All things being equal, this would indicate even lower prices and less of the economy going to telecom. Sometime in the distant future, value to the customers will increase and demand for it may pick up, although more than likely it will simply cannablize some of the monopoly profits of the entrenched carriers.

Michael Mandel

June 24, 2005 05:03 PM

I think that it takes time to understand how to use new capabilities--years.

Thank you for your interest. This blog is no longer active.



Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.

BW Mall - Sponsored Links

Buy a link now!