|
To view the
movie, you need RealPlayer
or Microsoft
Media Player.
.
This one hour-long
documentary was created by a major Japanese broadcasting company
and aired in Japan last summer. The documentary focused on the U.S.
market crisis, particularly the Telecom industry, after several
years of IT boom.
A few years ago,
the industry did not care the profit. Rather they focused on expansion.
That situation ended with an over capacity of infrastructure and
equipment. After realizing this, the stock market fell rapidly.
Numerous companies filed for bankruptcy and closed their operations
mainly due to the lack of capital.
Who survived and
who did not? The program talked about the failure of vendor finance.
By contrast, the program talked about the story of DSL Net, which
quickly reacted to the declining market and shifted the business
strategy to increase the sales.
Asset Recovery Center
was introduced in the documentary as one of the new businesses born
out of this environment. Its warehouse, with rows of almost-new
equipment was featured. Unopened brand new Nortel and Cisco equipment
symbolize how quickly the market fell and how it affected entire
industries.
Mr. John Lynch was
interviewed by Susan Kara, a leading telecommunications analyst
in the program. John Lynch, as an expert in the Asset Trading industry,
explained the trends in pricing of the used equipment market.
|
