Bankruptcy Con: Takers?
As absurd as it sounds, the need for a bankruptcy trade show is real. Companies about to go belly-up could use some good advice from law firms that specialize in dealing with bankruptcy courts.When I slapped the brochure for Penton Medias ISPCon/ASPCon/Last Mile trade show on the family dinner table, my wife looked at the front page with an expression of mild interest: "The Last Mile Show. Is that for companies about to go bankrupt?" she asked. First, I laughed hysterically, then I realized she was right. The Last Mile Show used to be called CLEC Expo. But then I started thinking: Why not do a show for companies about to go bankrupt?
The lead story in this weeks Infrastructure section talks about corporations overprovisioning their Internet access pipes to the point where they are using only 30 percent of the communications infrastructure they are paying millions of dollars to maintain. The only plausible explanation for this phenomenon is that the explosion of Internet traffic on which backbone operators, communications carriers and enterprises have been counting just hasnt happened. Backbones are empty, smaller carriers overbought bandwidth for the boom that never happened and companies are trying to shut down the pipes they dont need.