HotWire
@comcast.net
| reply to tmj
Re: SunRocket Days are OVER!
I might have missed the latest updates here , but here's the update again -
The deal with YMAX did not go through today and there are still possibilities of that happening over the next few weeks. I hear there are other buyers in the pipeline.
I also believe they had gotten a decent amount of aid from one of the investors to carry them thru for the next few weeks.
BTW, the service that was dead today afternoon wasn't a joke guys. Their ISP held up their service and they had to pay up their debts and get the service restored. Now that's what we call arm twisting? BTW, anyone work for Global Internetworking  ?
Stay Tuned.... |
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10414459
join:2007-04-23
Key West, FL
| Om spoke with Borislow and he said that he is not buying SunRocket.
»gigaom.com/
The Sun Rocket it seems, has hit the deck. We had reported earlier that things were getting pretty tenuous at the VoIP services company. The Vienna, VA.-based company stopped taking new orders recently.
The company is said to have had massive layoffs and basically is down for the count. The rumors have been appearing in the comments section of our site and Broadband Reports. We have not been able to reach anyone at the company.
There was some talk that Magic Jack was going to acquire the company, but when we checked with Daniel Borislow, owner of Magic Jack, and he categorically denied and said that he is not buying SunRocket. |
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Cogdis
join:2007-03-26
Floral Park, NY
 ·Verizon FIOS
 ·Teleblend
·ViaTalk
 ·RoadRunner Cable
·LINGO
| reply to HotWire
said by HotWire :BTW, the service that was dead today afternoon wasn't a joke guys. Their ISP held up their service and they had to pay up their debts and get the service restored. Now that's what we call arm twisting? BTW, anyone work for Global Internetworking ? Stay Tuned.... It really seemed like a glitch though, as phones would still ring.
If this is real I hope Lingo buys them out. They're know what they're doing. |
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Rocket_Crash
@verizon.net
| reply to HotWire
said by HotWire :BTW, the service that was dead today afternoon wasn't a joke guys. Their ISP held up their service and they had to pay up their debts and get the service restored. Now that's what we call arm twisting? BTW, anyone work for Global Internetworking ? Stay Tuned.... SunRocket not paying the bills.... well sign me up... i want to buy them. |
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SoSadSR
@comcast.net
| reply to Cogdis
said by Cogdis  :If this is real I hope Lingo buys them out. They're know what they're doing. Likewise, I still am in hopes that Vonage will buy them out. Or, if they are really desperate and it really is pennies on the dollar that maybe ViaTalk may consider the purchase of their assets. It would make them a major player and #2 (in terms of customer base) in independent VoIP residential phone service. |
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Tweak
Premium
join:2002-06-08
Oklahoma City, OK
·Cox HSI
| Perhaps VTBrendan could chime in if via talk has any plans to buy some of sun rockets assets. I doubt though that he would want to assume the massive amount of debt that Lisa Hook has caused. She basically ran the company into the ground. What sucks is I bet she gets a golden parachute. |
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VTBrendan
Viatalk
Premium
join:2005-06-27
Clifton Park, NY | None, whatsoever. I'm sure someone else will, however.
-Brendan |
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burris
Premium
join:2000-08-22
Miami, FL | reply to Tweak
In the midst of all this...I just ran across this information re: VOIP..
»www.thedigest.com/articles/202/9.html |
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10414459
join:2007-04-23
Key West, FL
| reply to SoSadSR
ViaTalk would be foolish to even attempt to buyout SunRocket.
On the other hand, if I were the VC's and wished to maximize my chances of recouping at least part of my investment then I would not sell.
Instead, they should fly to New York and meet with Brendan.
Brendan, has a proven track record of building an independent VOIP business literally frocm scratch and it apparently cash flows. He is lean, mean, competitive and entrepnueral.
The VC's should enter into a management contract with Brendan together with equity options upon meeting negotiated financial goals.
Once the management change is in place, Lisa Hook and her 25 remaining employees can be put out to pasture. |
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SoSadSR
@comcast.net
| said by 10414459 :ViaTalk would be foolish to even attempt to buyout SunRocket. ViaTalk would be a last ditch effort on SunRocket's part if there absolutely was no buyer in sight and they're about to have the lights shut off on them.
Brendan wouldn't need to purchase ANYTHING but the customer lists and perhaps work some BGP magic with SunRocket's ISPs to maintain their IP block so they can re-point the IP address block and re-provision the SunRocket gizmos for ViaTalk's service.
As for SunRocket's equipment (servers, office furniture, etc.) absolutely none of that is needed or wanted, I'm sure, by VT. They'd just be adding growth on to the network they've already built. There is no need to gain other people's legacy equipment and backend billing systems, etc.
I've been through an ISP buyout, and I'm sure this would be somewhat similar (all speculation) -- they would need one or two of SunRocket's Senior Engineers (paid probably through contract consulting) to help in the migration process and that'd pretty much be it.
ViaTalk would be a last ditch effort to recover SOMETHING... |
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10414459
join:2007-04-23
Key West, FL
| No I disagree. ViaTalk is the VC's only viable option. Vonage is a walking zombie and is encumbered with legal issues. Primus which owns Lingo is a very small insignificant company the trades by appointment in the pink sheets, it is a bulletin board stock. Packet8 is hardly in better shape.
ViaTalk should not risk or spend a penny on SunRocket. By a fortuitous set of circumstances, Brendan has the VC's by the short hairs. He is their only viable option, they should make him an offer that he can't refuse. |
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pende_tim
Premium
join:2004-01-04
Andover, NJ
 ·Verizon Online DSL
·ViaTalk
| reply to Tweak
Why would Brendan want to buy SunRocket and assume all their debt and the customers in their "second-year-free"?
If he waits and markets properly, he can sign the exSunRocketers up as his new customers with the revenue associated with the sign up.
Tim
--
The difference between genius and stupidity is that genius has its limits. |
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The Beer
I Love It When A Plan Comes Together
Premium
join:2001-07-24
Omaha, NE
clubs: | It's time to unlock the gizmo's!!!!  |
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10414459
join:2007-04-23
Key West, FL
edit:
July 13th, @07:55PM
| reply to pende_tim
Did you read the post? Brendan would be out of his mind to buy SunRocket. The VC's are trapped, they can sell but to whom?
They have invested 100 million dollars in SunRocket and their only assets are the customer base with its recurring cash flow and equipment that is worth maybe 10 cents on the dollar.
They should enter into a management contract with ViaTalk together with incentive equity options. Heads Brendan wins, tails Brendan wins. Game over. |
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Tweak
Premium
join:2002-06-08
Oklahoma City, OK | reply to pende_tim
I said in my post I doubt he would want to assume the debt!! |
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NY Tel
Premium
join:2004-04-09
Smithtown, NY | reply to 10414459
Can I ask why you are acting like you have a ringdown circuit to Brendan's kitchen?
He already said he had no plans and your post appear as if you are obsessed with venture capitalists having a meeting on Brendan. |
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VTBrendan
Viatalk
Premium
join:2005-06-27
Clifton Park, NY
| said by NY Tel :Can I ask why you are acting like you have a ringdown circuit to Brendan's kitchen? He already said he had no plans and your post appear as if you are obsessed with venture capitalists having a meeting on Brendan. Thats a good question.
-Brendan |
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10414459
join:2007-04-23
Key West, FL | reply to Tweak
My God man. Why in the h.... would ViaTalk have to assume the debt? Brendan is a businessman, he knows exactly how to cut a deal. |
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NY Tel
Premium
join:2004-04-09
Smithtown, NY
·VOIPo
·Verizon FIOS
| said by 10414459 :My God man. Why in the h.... would ViaTalk have to assume the debt? Brendan is a businessman, he knows exactly how to cut a deal. Could you please refrain from putting words into Brendan's mouth and let him speak for himself.
Your pure conjecture is bordering on the ridiculous.
Please no flame intended here. |
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Tweak
Premium
join:2002-06-08
Oklahoma City, OK | I think he is praying for a miracle were you the person who prepaid till 2011?? |
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