Telecommunication Optionsgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Lose a bundle or sell.
-- Mike Lang (firstname.lastname@example.org), April 28, 1999
And who would they sell to? What company would pay market value?
-- regular (email@example.com), April 28, 1999.
Hmmm...I wonder if the big telco mergers recently can tell another story.
-- a (firstname.lastname@example.org), April 28, 1999.
Why are you surprized that a noncompliant telco would try to sell to another company? This has been happening for years with banks, utilities, railroads and the amazing part is there are buyers. My local municipal utility tried to sell the system 18 months ago on the fear that deregulation would reduce the income. After wasting hundreds of thousands of dollars on studies by consultants, there was an election, new commissioners were elected and the issue was defeated. The mayor and city council and county commissioners are clueless. The system was not fixed but at least it was not sold for a big loss. How in the h_ll are the banks and merged corporations going to get their computer systems merged, tested for y2k and operating in the next 7 months? Sheer insanity. The insiders are bailing out and I can understand why the sellers would sell. Who are the idiots who are buying and putting their stockholders at risk? Some of the investment advisors should be sued and have to pay out of their own pockets for this absymally bad advice.
-- Tom (email@example.com), April 28, 1999.