The term was defined in a letter to the stockholders by James Crowe – CEO and Walter Scott – Chairman along these lines:
We believe more strongly today than ever that we are at the threshold of one of the great opportunities in business…It will take a bit of time, but we believe that the opportunity to create value – over the next several years and beyond – is immense. The opportunity before us is nothing short of extraordinary, and we believe it is ours for the taking. We have the right network, the right products, the financial strength and the right people. We believe we are uniquely positioned to break away.
Twelve years later the shareholder is still waiting for that defining moment. Some believe the defining moment could be the acquisition of Global Crossing completed on October 4, 2011 although it may not become apparent until integration is nearing completion. So where are they today and are there any signs suggesting the breaking away moment is near….We’ll take a look at various metrics in an effort to determine if there is any evidence the vision can be resuscitated.
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