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Originally Posted by towny
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Ntl: As we all know, our favourite cableco cripped itself with debt and avoided bankruptcy by making its debtors its new shareholders. Now the banks and other money lenders want some value out of their unwitting investment and ntl is cutting back very hard on costs to try to improve profit.
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Improve profit??? Making a profit would be a start...
ntl's losses are getting smaller every quarter, which is nothing but a good thing.... I don't like the all the job losses that arise because of moving operations to india, but the only alternative for a lot of these companies rather than cutting costs on the operational side, is to raise prices of the goods and services they sell.
I know what I'd rather....