Monday, October 03, 2005

Pension Plans Could Sink BOCs

Forbes is reporting that the Monster Bells have as crippling a payout for pension plans as the auto makers and the airlines. Billions in payments, increasing annually. "SBC alone provides health coverage to 700,000 people. Only 150,000 are current employees--the rest are retirees and dependents." Combine increased pay-outs with the billions in fiber roll-out costs stifled by decreased revenues (as the BOCs continue to reduce rates to kill off competition) - and it spells "Dump that Stock!"

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