One morning in July he starts to cry and can't stop. There is no money left; he has sold or hocked nearly everything he owns and is still $30,000 in debt. Gone are his two cars, his two boats, his 401(k) savings, his dignity. One layoff followed the next--first at Fujitsu, then at WorldCom, then at a start-up that went belly-up. Suddenly at 33, Ted Woods, a man who thrived on structure, is in free fall. It wasn't supposed to be like this, not after he worked his way up from telecom installer to engineer, through the boom years, the brutal 15-hour-a-day years--to prove he was better than the next guy. He is Ted Woods, third-generation Air Force, not some recovering crack addict or psychotic street person conversing with God on his celestial cell phone. Yet he is just as homeless and just as broke as some of the more familiar residents of The Samaritan Inn, a shelter in McKinney. It is here that he will seek refuge from the chaos caused by the meltdown of the Telecom Corridor. It is here that he will... More >>>
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A "for lease" sign outside telecommunications giant Nortel Networks serves as a nagging reminder of hard times in Richardson's Telecom Corridor.