Broadbandits: Inside the $750 Billion Telecom Heist

Broadbandits: Inside the $750 Billion Telecom Heist

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Praise for Broadbandits

"Om Malik’s spread of blame for the Internet bubble shows there’s plenty to go around. For my part, I am sorry and promise almost never to do it again. Malik holds a special place in hell for Salomon stock promoterJack Grubman. But then Wall Street should have weeded him out way back when they caught him lying about going to MIT."
–Bob Metcalfe, MIT graduate, Ethernet inventor, 3Com founder, InfoWorld pundit, and Polaris partner

"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,

"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