Home page logo
/

nanog logo nanog mailing list archives

Re: Level 3 Agrees to Purchase Global Crossing
From: harbor235 <harbor235 () gmail com>
Date: Mon, 11 Apr 2011 10:48:47 -0400

combining the companies will allow them to maximize efficeinecies by the
elimination
of overlapping functions, hopefully paving the way to profitability.

Job cuts here we come ........


Mike

On Mon, Apr 11, 2011 at 10:41 AM, Mike Walter <mwalter () 3z net> wrote:

I find it amusing that the article says - "The deal will combine two
unprofitable companies...".

So I guess the thinking is that two negatives make a positive?

-Mike

-----Original Message-----
From: Dorn Hetzel [mailto:dorn () hetzel org]
Sent: Monday, April 11, 2011 10:26 AM
To: Jay Ashworth
Cc: NANOG
Subject: Re: Level 3 Agrees to Purchase Global Crossing

On Mon, Apr 11, 2011 at 10:22 AM, Jay Ashworth <jra () baylink com> wrote:

----- Original Message -----
From: "William Allen Simpson" <william.allen.simpson () gmail com>



http://www.bloomberg.com/news/print/2011-04-11/level-3-agrees-to-acquire-global-crossing-in-deal-valued-at-1-9-billion.html

The deal will combine two unprofitable companies with total revenue of
$6.26 billion as of last year, and cut annualized capital spending by
about $40 million, according to the statement. It will also help
reduce
the pressure on prices, which have declined by as much as 30 percent a
year in the industry, said Donna Jaegers, an analyst at DA Davidson &
Co.

Let me see if I have that straight.

We're *admitting* in public that the result will be to make prices go up
for
customers?  Wow... Justice is going to have a field day with that.

Cheers,
-- jra

Well, maybe they're just admitting it will slow the rate at which prices
go
down :)




  By Date           By Thread  

Current thread:
[ Nmap | Sec Tools | Mailing Lists | Site News | About/Contact | Advertising | Privacy ]