http://fortune.com/2015/11/06/report-verizon-weighs-blockbuster-sale-of-its-enterprise-business/
4 replies (most recent on top)
HP just spun off it's enterprise services group
Hey, in VES we get stickers, and get to ring bells.
WOW, what an incentive.
My 1st grader, no longer gets stickers.
What do they think of us.
"Verizon is positioned to be the FedEx of the digital age," says Verizon chief Lowell McAdam.
FedEx is number 3 in the world. Why wouldn't you aspire to be NUMBER 1????
Oh that's right UPS is UNION.
FIRE MCADAM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
So to summarize:
Buy Wireless for CEO Ego Boosting $130B (we should have just paid $150B and bought Vodaphone, then sold everything except Wireless).
Now we are destroying the rest of the company, just to save Wireless. Wireless is clueless how to actually survive a downturn in revenue. They have simply made $ because we had a great network at the right time. A monkey could have made $ running wireless during that timeframe. Remember the birth of the day-trader? Even plumbers and mechanics were making money in the stock market....
Another option would have been to form and spin off a new company (including Wireless, AOL, etc). Then stick wireline and VES with all the acquisition debt. Maybe the new company could sponsor a logo contest for kindergarten classrooms, the result couldn't possibly be worse than one we paid "professionals" to create.