satellite68
join:2007-04-11
Louisville, KY
| reply to Rick
Re: They shelve the deal because
quote:
Anyways..as a former Insight customer myself..I was always very happy with their service
As a current Insight customer, I am very happy with their service, at home, and at work at all the locations I serve. Wonder who's going to take over those accounts when the company does sell? Comcast? Time Warner?? |
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Rick
Premium,MVM
join:2001-02-06
Waterbury, CT
clubs: 
| said by satellite68  : quote:
Anyways..as a former Insight customer myself..I was always very happy with their service
As a current Insight customer, I am very happy with their service, at home, and at work at all the locations I serve. Wonder who's going to take over those accounts when the company does sell? Comcast? Time Warner?? I'd suspect it will be Time Warner. Comcast already took the 1/2 that made the most sense for them.
That is, if it ever even happens now. Cable assets soared the last few years, and if carlyle is now refusing to even recognize this modest pullback and is waiting for them to go back up, they seriously might have a 20 year wait ahead of them.
IMO, this is just like someone living in a house in California that has seen it rise to a million bucks the last few years..it pulls back a bit to maybe 950 thousand..and they refuse to sell, hoping it gets back to the million dollar level.
It might very well instead go back to 700 thousand while they wait it out.
The credit markets are a disaster, and thats where interested companies turn to get financing.
That isn't going to be solved anytime soon.
They are also apparently forgetting that the telco's are now getting aggressive in moving into the tv and broadband industry. That will further devalue the cable co's IMO.
200 Million out of 3 billion is NOTHING compared to what they could lose in not taking this IMO.
If they want to sell..they should take the money..and RUN.
Or, risk selling it at a much lower price down the road.
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The Coyote captured the RR! Roadrunner Rick is now Comcastic! |
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AJICQ499087
join:2001-12-01
Louisville, KY
| Time Warner Cable Inc likely figured in the offer made to Insight the tax penalties Time Warner would have to pay by buying Insight before March of 2008. See »www.multichannel.com/article/CA6454823.html
Further, the financial markets are tougher and another possible factor in the bid is Time Warner has been having a full plate of trouble dealing with the takeover of Adelphia.
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low cost and fast speed is what customers want in broadband |
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