Broadbandits: Inside the $750 Billion Telecom Heist

3.53 avg rating
( 30 ratings by Goodreads )
 
9780471660613: Broadbandits: Inside the $750 Billion Telecom Heist

Investigating the financial fraud and misguided power plays that brought down the telecom industry

Once the foundation of the Dow and NASDAQ, the telecom industry has eaten up more capital than any other industry in recent history and has nothing to show for it. Today, it is by far the worst culprit in the spate of financial dirty dealings that have been splashed across the business pages, and yet the rewards reaped by top executives at many of these failed or failing companies have been inversely proportionate to their decline. Broadbandits takes readers behind the scenes to get the story they won't get in the media. Investigative reporter Om Malik follows the money trail and deciphers the actions and motivations of a generation of new economy "barbarians" that brought down this once lucrative industry. This intriguing book offers an inside look into the telecom bubble, with tales and anecdotes about mavericks who turned simple light and glass fibers into veins of gold, financiers who got greedy and fleeced unsuspecting millions, clueless venture capitalists who thought they'd tapped into the mother lode, hapless entrepreneurs who believed that they were changing the world, and self-proclaimed pundits who were cheering it all on from the sidelines. Broadbandits is a compelling account of the downfall of telecom giants such as WorldCom and Global Crossing, and will show readers how many telecom upstarts and veterans alike became victims of what one chief executive aptly described as "high-yield heroin."

Om Malik (New York, NY) is a Senior Writer for Red Herring who focuses on the telecommunications sector. Prior to joining Red Herring in July 2000, he was senior editor at Forbes.com. His work has also been published in newspapers and magazines such as The Wall Street Journal, Business 2.0, Brandweek, and Crain's New York Business. For a very brief while, he was a venture capitalist.

"synopsis" may belong to another edition of this title.

From the Inside Flap:

Broadband (noun):–High-speed network access.

Broadbandit (noun):–One who padded his coffers by $50 million or more riding the bandwidth bubble.

Before the ink was even dry on the Telecommunications Act of 1996, a telecom bubble larger than that of its dot-com sister was quickly beginning to form. With the deregulation of the telecom industry finally complete, the race was on; and what ensued was nothing less than a financial hit and run, which left the telecommunications industry in shambles and investors broke–but made the broadbandits who led this charge rich beyond their wildest dreams.

Broadbandits: Inside the $750 Billion Telecom Heist goes behind the scenes to uncover the actions and motivations of a handful of men and a few dozen companies who worshipped at the altar of corporate greed–and for the most part got away with it! Through interviews with numerous industry insiders and real-world stories, investigative reporter Om Malik follows the money trail to reveal the events that all but destroyed an industry and decimated thousands of portfolios in the process.

Broadbandits offers a candid look at how fiber barons such as Bernie Ebbers of WorldCom, Gary Winnick of Global Crossing, and Joe Nacchio of Qwest turned simple light and glass fibers into veins of gold that allowed them to build enormous personal fortunes, even as their companies were going down in flames. You’ll be there to watch as eager venture capitalists and unknowing investors try to buy their piece of the American Dream–only to get burned by once high-flying companies such as Excite@Home, Winstar, McLeodUSA, Nortel, and Sycamore.

Broadbandits puts you face-to-face with the shameless individuals who used the hype and hysteria of the telecom revolution to pump up telecom stocks and line their own pockets–even when there was little evidence to substantiate their claims. You’ll learn how the former pied piper of the telecom industry, analyst Jack Grubman, played both sides of the fence to make millions, while pundit George Gilder’s pie-in-the-sky predictions transformed him into a cult hero, until everything came crashing down on him.

The broadband bubble was the result of over-blown expectations and irrational exuberance. Broadbandits provides an inside look at the financial schemes and misguided power plays that made victims out of everyone and brought an industry to its knees.

From the Back Cover:

Praise for Broadbandits

"Broadbandits weaves together a story of greed, money, power, and crime to reveal to the millions of people who lost their investments in telecom stock where, and to whom, their hard-earned dollars went."
—Charles Dubow, Executive Editor, Forbes.com

"Om Malik has the courage to write that instead of reporting EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), the CEOs he calls broadbandits reported their own style of EBITDA (Earnings Before Irregularities, Tampering, and Dubious Accounting). His pen is as wicked as Mark Twain's."
—Blaise Zerega, Managing Editor, Wired magazine

"Rare for a book in its field, Broadbandits is an attractive, stodge-free read. Accessible, even mischievous, it should prove instructive not merely to geeks, (disgruntled) venture capitalists, and bankrupt telecom tycoons, but also to that species most neglected of all—the lay reader."
—Tunku Varadarajan, Editorial Features Editor, The Wall Street Journal

"Broadbandits is a fast-paced tale of the key players responsible for inflating the telecom bubble. Many were fools, many others rogues, some managed to escape with riches, some were ruined. With an unforgettable cast, Broadbandits is a sobering account of monumental financial waste and the derailment of hundreds of thousands of lives."
—Andrew Odlyzko, Director, Digital Technology Center and Assistant Vice President for Research, University of Minnesota

"About this title" may belong to another edition of this title.

Buy New View Book
List Price: US$ 20.95
US$ 15.21

Convert Currency

Shipping: FREE
From United Kingdom to U.S.A.

Destination, Rates & Speeds

Add to Basket

Top Search Results from the AbeBooks Marketplace

1.

Om P. Malik
Published by John Wiley and Sons Ltd, United States (2004)
ISBN 10: 0471660612 ISBN 13: 9780471660613
New Paperback First Edition Quantity Available: 1
Seller:
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description John Wiley and Sons Ltd, United States, 2004. Paperback. Book Condition: New. 1. Auflage. Language: English . Brand New Book. Investigating the financial fraud and misguided power plays that brought down the telecom industry Once the foundation of the Dow and NASDAQ, the telecom industry has eaten up more capital than any other industry in recent history and has nothing to show for it. Today, it is by far the worst culprit in the spate of financial dirty dealings that have been splashed across the business pages, and yet the rewards reaped by top executives at many of these failed or failing companies have been inversely proportionate to their decline. Broadbandits takes readers behind the scenes to get the story they wona t get in the media. Investigative reporter Om Malik follows the money trail and deciphers the actions and motivations of a generation of new economy barbarians that brought down this once lucrative industry. This intriguing book offers an inside look into the telecom bubble, with tales and anecdotes about mavericks who turned simple light and glass fibers into veins of gold, financiers who got greedy and fleeced unsuspecting millions, clueless venture capitalists who thought theya d tapped into the mother lode, hapless entrepreneurs who believed that they were changing the world, and self--proclaimed pundits who were cheering it all on from the sidelines. Broadbandits is a compelling account of the downfall of telecom giants such as WorldCom and Global Crossing, and will show readers how many telecom upstarts and veterans alike became victims of what one chief executive aptly described as high--yield heroin. Om Malik (New York, NY) is a Senior Writer for Red Herring who focuses on the telecommunications sector. Prior to joining Red Herring in July 2000, he was senior editor at. His work has also been published in newspapers and magazines such as The Wall Street Journal, Business 2.0, Brandweek, and Craina s New York Business. For a very brief while, he was a venture capitalist. Bookseller Inventory # AAH9780471660613

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 15.21
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

2.

Om P. Malik
Published by John Wiley and Sons Ltd, United States (2004)
ISBN 10: 0471660612 ISBN 13: 9780471660613
New Paperback First Edition Quantity Available: 1
Seller:
The Book Depository US
(London, United Kingdom)
Rating
[?]

Book Description John Wiley and Sons Ltd, United States, 2004. Paperback. Book Condition: New. 1. Auflage. Language: English . Brand New Book. Investigating the financial fraud and misguided power plays that brought down the telecom industry Once the foundation of the Dow and NASDAQ, the telecom industry has eaten up more capital than any other industry in recent history and has nothing to show for it. Today, it is by far the worst culprit in the spate of financial dirty dealings that have been splashed across the business pages, and yet the rewards reaped by top executives at many of these failed or failing companies have been inversely proportionate to their decline. Broadbandits takes readers behind the scenes to get the story they wona t get in the media. Investigative reporter Om Malik follows the money trail and deciphers the actions and motivations of a generation of new economy barbarians that brought down this once lucrative industry. This intriguing book offers an inside look into the telecom bubble, with tales and anecdotes about mavericks who turned simple light and glass fibers into veins of gold, financiers who got greedy and fleeced unsuspecting millions, clueless venture capitalists who thought theya d tapped into the mother lode, hapless entrepreneurs who believed that they were changing the world, and self--proclaimed pundits who were cheering it all on from the sidelines. Broadbandits is a compelling account of the downfall of telecom giants such as WorldCom and Global Crossing, and will show readers how many telecom upstarts and veterans alike became victims of what one chief executive aptly described as high--yield heroin. Om Malik (New York, NY) is a Senior Writer for Red Herring who focuses on the telecommunications sector. Prior to joining Red Herring in July 2000, he was senior editor at. His work has also been published in newspapers and magazines such as The Wall Street Journal, Business 2.0, Brandweek, and Craina s New York Business. For a very brief while, he was a venture capitalist. Bookseller Inventory # AAH9780471660613

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 18.22
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

3.

Malik, Om P.
Published by John Wiley and#38; Sons (2004)
ISBN 10: 0471660612 ISBN 13: 9780471660613
New Quantity Available: > 20
Print on Demand
Seller:
Pbshop
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description John Wiley and#38; Sons, 2004. PAP. Book Condition: New. New Book. Shipped from US within 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Bookseller Inventory # IQ-9780471660613

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 14.24
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

4.

Malik, Om P.
Published by John Wiley & Sons 11/8/2004 (2004)
ISBN 10: 0471660612 ISBN 13: 9780471660613
New Paperback or Softback Quantity Available: 10
Seller:
BargainBookStores
(Grand Rapids, MI, U.S.A.)
Rating
[?]

Book Description John Wiley & Sons 11/8/2004, 2004. Paperback or Softback. Book Condition: New. Broadbandits: Inside the $750 Billion Telecom Heist. Book. Bookseller Inventory # BBS-9780471660613

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 18.67
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

5.

Malik, Om P.
Published by Wiley (2017)
ISBN 10: 0471660612 ISBN 13: 9780471660613
New Paperback Quantity Available: > 20
Print on Demand
Seller:
Murray Media
(North Miami Beach, FL, U.S.A.)
Rating
[?]

Book Description Wiley, 2017. Paperback. Book Condition: New. Never used! This item is printed on demand. Bookseller Inventory # 0471660612

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 16.94
Convert Currency

Add to Basket

Shipping: US$ 1.99
Within U.S.A.
Destination, Rates & Speeds

6.

Om P. Malik
Published by Wiley
ISBN 10: 0471660612 ISBN 13: 9780471660613
New Paperback Quantity Available: 3
Seller:
THE SAINT BOOKSTORE
(Southport, United Kingdom)
Rating
[?]

Book Description Wiley. Paperback. Book Condition: New. New copy - Usually dispatched within 2 working days. Bookseller Inventory # B9780471660613

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 11.85
Convert Currency

Add to Basket

Shipping: US$ 9.15
From United Kingdom to U.S.A.
Destination, Rates & Speeds

7.

Om P. Malik
Published by Wiley 2004-10-25 (2004)
ISBN 10: 0471660612 ISBN 13: 9780471660613
New Quantity Available: 5
Seller:
Chiron Media
(Wallingford, United Kingdom)
Rating
[?]

Book Description Wiley 2004-10-25, 2004. Book Condition: New. Brand new book, sourced directly from publisher. Dispatched within 2 working days from our warehouse. Book will be sent in robust, secure packaging to ensure it reaches you securely. Bookseller Inventory # NU-ING-25887531

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 17.78
Convert Currency

Add to Basket

Shipping: US$ 3.94
From United Kingdom to U.S.A.
Destination, Rates & Speeds

8.

Om P. Malik
Published by John Wiley & Sons
ISBN 10: 0471660612 ISBN 13: 9780471660613
New Paperback Quantity Available: > 20
Seller:
BuySomeBooks
(Las Vegas, NV, U.S.A.)
Rating
[?]

Book Description John Wiley & Sons. Paperback. Book Condition: New. Paperback. 334 pages. Dimensions: 8.6in. x 5.6in. x 1.0in.Investigating the financial fraud and misguided power plays that brought down the telecom industryOnce the foundation of the Dow and NASDAQ, the telecom industry has eaten up more capital than any other industry in recent history and has nothing to show for it. Today, it is by far the worst culprit in the spate of financial dirty dealings that have been splashed across the business pages, and yet the rewards reaped by top executives at many of these failed or failing companies have been inversely proportionate to their decline. Broadbandits takes readers behind the scenes to get the story they wont get in the media. Investigative reporter Om Malik follows the money trail and deciphers the actions and motivations of a generation of new economy barbarians that brought down this once lucrative industry. This intriguing book offers an inside look into the telecom bubble, with tales and anecdotes about mavericks who turned simple light and glass fibers into veins of gold, financiers who got greedy and fleeced unsuspecting millions, clueless venture capitalists who thought theyd tapped into the mother lode, hapless entrepreneurs who believed that they were changing the world, and self-proclaimed pundits who were cheering it all on from the sidelines. Broadbandits is a compelling account of the downfall of telecom giants such as WorldCom and Global Crossing, and will show readers how many telecom upstarts and veterans alike became victims of what one chief executive aptly described as high-yield heroin. Om Malik (New York, NY) is a Senior Writer for Red Herring who focuses on the telecommunications sector. Prior to joining Red Herring in July 2000, he was senior editor at Forbes. com. His work has also been published in newspapers and magazines such as The Wall Street Journal, Business 2. 0, Brandweek, and Crains New York Business. For a very brief while, he was a venture capitalist. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Bookseller Inventory # 9780471660613

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 22.26
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

9.

Malik, Om
Published by John Wiley & Sons (2016)
ISBN 10: 0471660612 ISBN 13: 9780471660613
New Paperback Quantity Available: 1
Print on Demand
Seller:
Ria Christie Collections
(Uxbridge, United Kingdom)
Rating
[?]

Book Description John Wiley & Sons, 2016. Paperback. Book Condition: New. PRINT ON DEMAND Book; New; Publication Year 2016; Not Signed; Fast Shipping from the UK. No. book. Bookseller Inventory # ria9780471660613_lsuk

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 17.99
Convert Currency

Add to Basket

Shipping: US$ 5.10
From United Kingdom to U.S.A.
Destination, Rates & Speeds

10.

Om P. Malik
Published by Wiley (2004)
ISBN 10: 0471660612 ISBN 13: 9780471660613
New Paperback First Edition Quantity Available: 1
Seller:
Irish Booksellers
(Rumford, ME, U.S.A.)
Rating
[?]

Book Description Wiley, 2004. Paperback. Book Condition: New. book. Bookseller Inventory # M0471660612

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 23.23
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

There are more copies of this book

View all search results for this book