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.htmlThe 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 pricesgo down :)
Current thread:
- Level 3 Agrees to Purchase Global Crossing William Allen Simpson (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Jay Ashworth (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Dorn Hetzel (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Jay Ashworth (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Valdis . Kletnieks (Apr 11)
- RE: Level 3 Agrees to Purchase Global Crossing Mike Walter (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing David Coulson (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Justin M. Streiner (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing David Coulson (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Dorn Hetzel (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Jay Ashworth (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing harbor235 (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing mikea (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Wayne E. Bouchard (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Richard A Steenbergen (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Jeff Wheeler (Apr 11)
- <Possible follow-ups>
- Re: Level 3 Agrees to Purchase Global Crossing Mark Kent (Apr 11)