I wasn't huge on stock investing, but I did pretty well. The few horrible choices I made was Sun Microsystems and Lucent. I thought of all my choices, Lucent was the hands down safest bet. They were a spin-off of Bell Labs with some of the smartest people in the business. They OWNED the market for Fiber Optic -- and heck, AT&T was a shoe-in for a captive market. The got rid of the fat, and had nothing but muscle.
When their stock tanked, I asked someone at Lucent years later what was wrong. He replied; "management." If it was Carly at the helm during that period -- well, I detect a pattern. It might show savvy if she were a corporate pillager and rented Lucent's property back to them, but if she was TRYING to make them successful? My disrespect for her has grown. Can't the Republicans find a greedy bastard with an IQ? Do they all HAVE to be lipstick on a pig? I digress...
It seems AT&T will be using that twisted pair crap in U=verse and all their other data systems until we have people on Mars. They've got a few million miles of the stuff so -- no need for fiber. Everyone else looking at a new installation; fiber. But AT&T will just multiplex that copper crap and hope nobody demands too much bandwidth. I'm sure for a few larger customers they've done fiber.
Anyway, I bought Apple at $19 per share around the time Steve Jobs came back (after learning his lessons at NeXT), and sold everything August 2008 when the Reserve Requirement went to zero. Sure I should have held onto it, but all the other stock took a beating that too many were surprised by.