Thread regarding Lumen Technologies layoffs

Stop dreaming of a profiting company.

When the copper is sold off; Lumen stock will explode!

How can someone think that is going to happen? I recall at one time USWest stock was at *$86 a share when copper was the only material in the market. Since then this company has passed the CEO torch about 11 times from Sol Trujillo to Jeff Storey and currently holding below $6 a share. For stock newbies; you cannot see what MaBell, USWest, Qwest stock (was) because CenturyLink was an existing company when they acquired Qwest in 2012-2013. Therefore, you will only see CenturyLink's stock history (now LUMN).

We have seen DSLAMs for Qwest TV, USWest cell service, CenturyLink PRISM and about 6 other large misadventures that this company never took seriously and maintained. If they would have kept to one product (like cellular) we could be as competitive as Verizon wireless.

Now, all these competitors are jumping onto the federal fiber placement. Which is money paid (to them) to place fiber and expand. Plus, these competitors are selling to their own (New) customers for long term revenue. In other words, Lumen is not the only fiber offering company.

While the competition is placing; LUMEN is selling away their footprint and assets. They changed their name to a fat burning vape. Yeah, type "Lumen" in You Tube and a company with the same name sells a vape to burn fat. Post, Storey, and now Kate. Debt is still showing the same on the stock ticker, so they haven't spent any of that BrightSpeed cash to pay off debt (yet). Lumen offered to buy back stock. Which hasn't happened. Dividend was stopped.

If anything, I would say $7-$10 a share when all copper is liquidated.

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| 2311 views | | 17 replies (last January 29, 2023) | Reply
Post ID: @OP+1kLi9Wmx

17 replies (most recent on top)

I just joined the conversation. What is TDS?

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Post ID: @atfi+1kLi9Wmx

TDS pays well into the 40s. Don't believe the truth if you don't want to.

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Post ID: @8bke+1kLi9Wmx

So you’re saying everything works out of a remote? Really? I personally am fed from the c.o. along with thousands of others. I can guarantee you my old basement phone works with no power.

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Post ID: @5hck+1kLi9Wmx

"I have 2 kids with High school diplomas only working at TDS starting at $23 no experience. They can cap out over $40"

Doing what? A simple look at tds careers says broadband technicians top out at 26 per hour. 4 bucks an hour less than lower paid prem techs make.

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Post ID: @5xcz+1kLi9Wmx

When is next Doomsday buyout?

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Post ID: @4fxr+1kLi9Wmx

“LOL. Just looked at TDS pay. Repair technician starts at 12 per hour. I make that every 20 minutes. You’re a special kind of stupid.”

I have 2 kids with High school diplomas only working at TDS starting at $23 no experience. They can cap out over $40

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Post ID: @4jfv+1kLi9Wmx

Lumen stock will explode when copper is sold off..... You are the one who is dreaming. This outfit can't seem to do anything right except run it into the ground.

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Post ID: @3bku+1kLi9Wmx

The myth of landlines working during power Outages went away when remotes were deployed back in the early 90's. No one drags out gasoline generators out to the sites when power goes out. Too many lazy technicians and managers don't force them to save budget. 😴

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Post ID: @3mvh+1kLi9Wmx

“McDonalds pays more. Non union pays more and better benefits, just look at TDS, wages into the 40s, cheaper medical, better 401k match.”

LOL. Just looked at TDS pay. Repair technician starts at 12 per hour. I make that every 20 minutes. You’re a special kind of stupid.

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Post ID: @3cld+1kLi9Wmx

Have yet to see a fiber dial tone work during a power outage. New techs don’t know how to install a backup power and too lazy to do it if they could. Elevators, 911, older alarms…will all go down with a loss of power? Oh yea, before any 3 month experts respond…that backup battery might last 2 days.

But whoever said it is right. Doing fiber isn’t high tech. It’s really a 20 dollar an hour job. It’s right up there with Comcast difficulty wise. Hence, prem techs. Remember, the union negotiated a higher wage. It originally topped out at 24 bucks an hour.

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Post ID: @3gxf+1kLi9Wmx

Art of copper services are no longer a specialized work. Its dying technology. Dying technology doesn't need highly skilled workers. Low skilled jobs comes with low pay and no benefits like McDonald's.

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Post ID: @2amn+1kLi9Wmx

Prem techs are d-mb enough to do the same job for less money.

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Post ID: @2xvk+1kLi9Wmx

McDonalds pays more. Non union pays more and better benefits, just look at TDS, wages into the 40s, cheaper medical, better 401k match.

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Post ID: @2hxs+1kLi9Wmx

The days of pension, 401k, medical benefits, 30 years of loyalties days are over. This isn't just Lumen. All corporations have the same views. Tell your kids to seek education or they'll be flipping burgers at McD. Even McD will be going to automation. Your kids will be competing with software.

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Post ID: @1noe+1kLi9Wmx

Premise Techs won't have a life in this company. They talk big right now, but when fiber becomes the norm - like copper is/was. And the company continues to sell away more of their footprint. Then they bust up the union. No union. Then your gracious company will remove craft (including premise Techs) and go 100% contracted. Also, they can adjust your hourly pay to whatever they feel is appropriate. Which will NOT be what the union was able to negotiate. Heck no! Company will undo the union contract and set low standards to get out of debt. Sure that is not happening today or this year but let see the new premise Techs try and pull out 30 years, 401k, and large pension (if any). Alot certainly has happened to the contract in the last 30yrs with union giving away and giving away more. Good luck working at Sears..I mean Lumen.

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Post ID: @1bif+1kLi9Wmx

These prissy Prem techs are starting to invade the forums…

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Post ID: @1wds+1kLi9Wmx

Lumen needs to liquidate every copper plant as soon as possible. If they want any fighting chance. Copper technicians will keep bashing, but its not their future Lumen is worried about.

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Post ID: @evj+1kLi9Wmx

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