The final word on the telecom crash

IndustryClick :: TelephonyOnline.com:: If you ever wanted an encapsulated account of the rise and fall of the telecom market, you have come to the right place. Other than the recently revealed fraudulence of WorldCom and company–which after all can be found in ALL industries and businesses–the demise of telecom can basically be summarized into three main categories:
The sloppiness of industry participants including the government
The overabundance of the capital markets.
The over-forecasted demand for Internet services.