" Just listened to Schaefer (Cogent) at the Cowen conference… He said “network-as-a-service” (NAAS) is a made up term that no one has been able to explain to him… Funny, every time Kate and Chris talk about it, I feel like that is what they are leaving out of their explanation but I’m just a d-mb investor..
Schaefer is an industry titan, if it can’t be explained so he can understand it, can it even be real?? he prefaced his comment with he’s been in this business a long time and seen all types of claims couched in fancy names and that is the case with NAS… He also said lumen fails because they refuse to accept they are d-mb pipes and cogent has been successful because they don’t complicate things by adding layers on top of what they know are d-mb pipes…. Hopefully the Cowen analyst brings these things up with Stansbury tomorrow!!! "
- Thanks TMV
Remember when Charlie Munger said Level 3 was to hard to figure out.