Well at least EBITDA is strong!!!!! What a joke, and people act surprised that this happened, hello, anyone ever heard of Qwest, Wordlcom, Global Crossing, Level Three, 360networks. Its just like the railroad industry in the 1800's massive overbuilding and overspending and massive bankruptcies that allowed a few well financed firms to cherry pick the goodies and strengthen their position while the rest floundered into oblivion. My guess is that 3 years from now, their will be 4 major hone companies, Verizon, BellSouth, SBC and Sprint. Qwest and AT&T will be taken over and many of the smaller ones like Broadwing will be bought out of BK court at pennies on the dollar.