The Real Skinny: Told It Like It Was In the Trenches | Six Years that Shook the World: The Story of the...

book: Six Years that Shook the World: The Story of the Internet, Telecom and Optical Market Revolutions | William R. Koss

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	• Six Years that Shook the World: The Story of the Internet, Telecom and Optical Market Revolutions William R. Koss BookSurge Publishing, 2006 - 438 pages average customer review:based on 2 reviews view larger image
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A View From the Inside of the Telcom Biz

This book really has three stories to tell, all of them interesting.

First it is the story of the development of a whole series of technological advances in telecommunications. Back in the dark ages, you bought telephone lines from AT&T and you got a circuit from here to there at whatever price the regulatory agencies thought fair. It used to be that to send data over the phone system you had to deal with AT&T, and they really were in the voice business, and you had better not attach anything to their phone lines that they didn't build. Now it's different. You don't by circuits, you buy bandwidth. You don't have a circuit, you throw out a packet of data and it can be data, a picture, or voice and it somehow makes it to the device at the other end.

All this has created a situation where the Internet has enabled forms of communication that simply never existed before. With the forms of communication changing, so has the message. You are reading this in an on-line environment that is only the tip of the iceberg of what's happened, and not even that much of what's going to happen. (Although on a visit to the Gutenberg museum in Mainz, Germany a few years ago I got clearly told that printing is here to stay in spite of all this new fangled stuff.)

Finally Mr. Koss spends some time forecasting and lamenting that the US is losing its lead in the networking and telecommunications area because we are not ensuring the development of the technology infrastructure for the coming years.

I'm not so sure that I agree with him on this latter point. The United States still has a lot of strengths. One thing is the venture capital philosophy in this country that is unmatched anywhere else in the world that allows new ventures to get into areas like these. Second, the mere size of the US market says that the multi-nationals cannot ignore it. Yes, you may wind up working as an engineer for Nokia, but you may be working in Dallas.

Very interesting book and should be mandatory reading for anyone 'on the biz.'

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The Real Skinny: Told It Like It Was In the Trenches

Bill Koss has written a book that needed to be written, that provides the factual underpinnings for what really happened in the Bubble of the 1990s: Internet, telecomms, and optical communications, each of them a huge story in themselves, and each segment interacting and stimulating the other segments. I was involved in some of this, and found the areas I had first hand knowledge to be faithfully characterized here, as well as other areas where I had second hand knowledge. Much of this is not available anywhere, and to have it in one book is a super find! Enjoy!

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Six Years that Shook the World provides a short, but deep history of the internet, telecom and optical market revolutions that has initiated an evolution from a global push economic structure to an emerging pull economic model. The internet and telecom boom of the 1990s and its crash post-2000 were the product of a cycle of regulation and deregulation that will in time result in the change of the regulatory controls on the communication industry of America. The internet is the lowest-cost and most powerful economic transaction medium available to corporations with which an economic transaction can be completed. It provides global reach assuming network and computing infrastructure is present. The value of the internet as a transaction medium becomes apparent when it is put into the context of the chain of commerce. The internet provides the end-user, whether consumer or businesses, with constant availability of information and the continuous ability to execute transactions. Transactions can be any computing event that triggers an exchange of value for support of the transaction. Lowering the cost of transactions and improving productivity by leveraging the internet will drive economic development. Telecom deregulation in 1934 and 1996 released inherent monopolized market value, which was the determining factor for significant capital investments and produced the genesis proofs of a pull economy - but provided an insufficient amount of infrastructure to achieve the revolutionary vision of a new economy and failed to ensure American leadership in a global economy. Investment in the communication infrastructure is mandatory to ensure the United States is the leader in the emerging pull economic structure. Six Years that Shook the World describes the cycle of innovation and deregulation in the context of the telecom and networking industries. It argues that the communications industry that was invented in America is now being led by multi-national companies who are located in other nation-states. America is on the verge of forever relinquishing our leadership in networking and telecommunications, because we are failing to ensure the establishment of a real and complete technology infrastructure for a new economy in the United States.

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