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Skilling's latest gambit is to apply the same principles he learned in the power and energy sectors to making Enron a leader in the booming telecommunications business. The plan isn't to go head to head with established fiber-optic carriers such as AT&T, Qwest and Williams Communications. Instead, Enron wants to use new switching technology and its expertise in trading pipeline access to transform a modest telecom network into a powerful arbiter of bandwidth. Enron's bet is simple: supply and demand will increase exponentially, turning bandwidth into a tradable commodity, just like gas and electricity. Along...
...simply produced, transported and marketed natural gas. Then, as energy deregulation threatened profit margins in the gas business, Enron discovered it could make billions by trading and brokering packages of energy the way Midwesterners do pork bellies. Now Enron is moving into the telecommunications business, with a national fiber-optic cable network and a floor bulging with Sun supercomputers...
...21st century. If software center Seattle is the new economy's brain and chipmaking Silicon Valley is its heart, then Washington is its central nervous system. Spread along, around and mostly under Techtopia's main drag, the Dulles Toll Road, are the vital electronic pathways--wires, cables and fiber-optic lines--that carry more than half of all traffic on the Internet. The region is home to more telecom and satellite companies than any other place on earth. The Washington area boasts a higher concentration of people who use the Internet at home and at work than any other urban...
PHILADELPHIA--Tent city is a lonely place. There are 6,500 miles of fiber-optic cable, millions of inches of wires, more than 10,000 like-minded souls--and there's no one to talk to. It is Monday night, 7:26 p.m., inside the temporary Philadelphia headquarters of a major television news organization. The evening news has ended, the union crews are on a break and there are a few hours until we next go on the air. Most of us are just sitting here, clicking through our news wires...
...option. Some 2,000 to 4,000 Americans suffer similar corneal scarring each year--from chemical burns, diseases or chronic inflammation, according to Dr. Ivan Schwab at the University of California at Davis, who led the U.S. team. The operation, however, cannot help those with congenital retinal or optic-nerve disorders...