In today's telecom business environment, a thorough and accurate understanding of past mistakes goes a long way in ensuring future success. Providing readers with an authoritative account of what contributed to the Great Telecom Crash, this insightful resource explores the roots of the perfect storm that buffeted telecom and Internet companies and investors. Professionals get a detailed insider's look at how the crash was caused by a complex combination of risk and regulatory factors in an increasingly competitive environment, originally fueled by the break up of AT&T. The book offers a solid understanding of the evolving structure of the information, communications and telecom industries, and how companies and sectors within these industries relate to each other. Professionals gain insight into identifying sound long-term investment strategies and avoiding fads with unsound fundamentals.