Re: Which is it? in http://www.dslreports.com/forum/r10035040 en Sat, 28 Nov 2009 19:08:58 EDT Sat, 28 Nov 2009 19:08:58 EDT Re: Which is it? http://www.dslreports.com/forum/remark,10041473 jsauce :
said by IanR See Profile:
How come all the Baby Bells are not rolling in massive profits then? Are their intrinsic high costs which need to be recovered or are they so badly managed?
Trust me they are. It's just they need to be able to afford those massive salaries and pensions for their CEOs and other officers of the company. They've been ganking us consumers for years and finally someone notices, much like every other company doing the same they will complain they are poor and the government will buy it. Of course the lobbyists greasing their palms helps too.]]> http://www.dslreports.com/forum/remark,10041473 Thu, 22 Apr 2004 10:38:10 EDT Re: Which is it? http://www.dslreports.com/forum/remark,10036853 major marco :
said by jsouth See Profile:
They made it, but that doesn't mean they get to keep it. They still have to pay every worker, heat and cool every building they own, pay creditors etc. Just like you. That was before taxes etc.


And let's not forget the 24K golden parachute + private jet + 3 summer homes + 3 winter homes + seven figure annual compensation + six figure semi-annual bonuses et al + numerous other perks enjoyed by the CEO.
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MoveOn.org -MFSO.org -ArnoldWatch.org - DigitalConsumer.org - FTCR.org - Privacy.org - Adbusters.org - Eff.com - Democraticmedia.org - HealthPrivacy.org - Hacktivismo.com - ClearChannelSucks.org - Epic.org]]> http://www.dslreports.com/forum/remark,10036853 Wed, 21 Apr 2004 19:47:20 EDT Re: Which is it? http://www.dslreports.com/forum/remark,10035738 JakCrow : They're probably part of the 60% of corps that didn't pay any taxes as well.]]> http://www.dslreports.com/forum/remark,10035738 Wed, 21 Apr 2004 17:45:16 EDT Re: Which is it? http://www.dslreports.com/forum/remark,10035040 KrK : SBC reported profits slipped slightly for 1Q 2004, caused by people disconnecting traditional POTS lines. However, they also reported amazing growth in DSL subscriber lines, and new Long Distance service sales to customers, so future expectations look very rosy.

Also, they apparently paid down several billion dollars in debt, which is a good thing, but makes earnings look less impressive..... (IE 5 billion in after expenses-revenue looks worse when you chose to pay an extra 3 billion out to reduce debts, and then announce only 2 billion in final revenue)

Simply put, the Bells are doing great, Thank you very much.
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"Regulatory capitalism is when companies invest in lawyers, lobbyists, and politicians, instead of plant, people, and customer service." - former FCC Chairman William Kennard (A real FCC Chairman, unlike the current Corporate Spokesperson in the job!)]]> http://www.dslreports.com/forum/remark,10035040 Wed, 21 Apr 2004 16:34:13 EDT Re: Which is it? http://www.dslreports.com/forum/remark,10034927 KrK : Conspiracy Theorists?

Are you crazy? Hiding income is considered accepted business practice. Even so, because Bells are publicly traded, they must release some numbers.... which show that profits are indeed excellent.]]> http://www.dslreports.com/forum/remark,10034927 Wed, 21 Apr 2004 16:21:50 EDT Re: Which is it? http://www.dslreports.com/forum/remark,10034487 JakCrow : Those poor, poor people. Only $5.9 billion. How will they feed their children?]]> http://www.dslreports.com/forum/remark,10034487 Wed, 21 Apr 2004 15:37:46 EDT Re: Which is it? http://www.dslreports.com/forum/remark,10033821 Talis : You're mistaken. The $8 billion was before taxes but it was not before payroll, utilities or loan payments. Their gross revenue was $40 billion, from which they paid their operating expenses. Net income, after tax, was $5.9 billion.

»www.hoovers.com/sbc-communicatio···al.xhtml]]> http://www.dslreports.com/forum/remark,10033821 Wed, 21 Apr 2004 14:20:19 EDT Re: Which is it? http://www.dslreports.com/forum/remark,10033624 Rhobite : No, that was after everything. Their 2003 net income was $8.5 billion after all those expenses. However that includes about $2.5 billion due to accounting changes so a more accurate number is $6B. Still, I'd say that SBC is indeed "rolling in profits".
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Jimmysquid.com - I take pictures.]]> http://www.dslreports.com/forum/remark,10033624 Wed, 21 Apr 2004 13:59:02 EDT Re: Which is it? http://www.dslreports.com/forum/remark,10033369 jsouth : They made it, but that doesn't mean they get to keep it. They still have to pay every worker, heat and cool every building they own, pay creditors etc. Just like you. That was before taxes etc. ]]> http://www.dslreports.com/forum/remark,10033369 Wed, 21 Apr 2004 13:32:12 EDT Re: Which is it? http://www.dslreports.com/forum/remark,10033296 JakCrow : Did or did not SBC make $8 billion last year?]]> http://www.dslreports.com/forum/remark,10033296 Wed, 21 Apr 2004 13:25:05 EDT Re: Which is it? http://www.dslreports.com/forum/remark,10032829 looser : Most sheeple like you do go right after the conspiracy stuff, but in reality you know its the truth.]]> http://www.dslreports.com/forum/remark,10032829 Wed, 21 Apr 2004 12:29:22 EDT Re: Which is it? http://www.dslreports.com/forum/remark,10032626 Rhobite : How is that a conspiracy theory? It's perfectly valid business to try and minimize reported earnings in order to reduce the tax burden. There are obvious drawbacks to that strategy, but it's still a valid strategy.
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Jimmysquid.com - I take pictures.]]> http://www.dslreports.com/forum/remark,10032626 Wed, 21 Apr 2004 11:59:24 EDT Re: Which is it? http://www.dslreports.com/forum/remark,10032455 Alpine :
said by KrK See Profile:
Actually, they are. But remember, declared profits mean extra taxes, so, the goal is to make tons of money but look like you're only breaking even.


Conspiracy theorists crack me up... Keep 'em coming - they're great comic relief!

Adam]]> http://www.dslreports.com/forum/remark,10032455 Wed, 21 Apr 2004 11:40:02 EDT Re: Which is it? http://www.dslreports.com/forum/remark,10032033 Rhobite : Union workers and mismanagement.]]> http://www.dslreports.com/forum/remark,10032033 Wed, 21 Apr 2004 10:40:57 EDT Re: Which is it? http://www.dslreports.com/forum/remark,10031804 KrK : Actually, they are. But remember, declared profits mean extra taxes, so, the goal is to make tons of money but look like you're only breaking even. ]]> http://www.dslreports.com/forum/remark,10031804 Wed, 21 Apr 2004 10:04:35 EDT Which is it? http://www.dslreports.com/forum/remark,10031679 IanR : How come all the Baby Bells are not rolling in massive profits then? Are their intrinsic high costs which need to be recovered or are they so badly managed?]]> http://www.dslreports.com/forum/remark,10031679 Wed, 21 Apr 2004 09:48:08 EDT