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Forums » Covad Bought By Platinum Equity » Another Private equity firm...
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If incompetence were a crime, Hoffman would be in jail. »
« so marks the end of covad.  

cableties
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join:2005-01-27
·Verizon FIOS

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Another Private equity firm...

...in ten years, we'll be cleaning up this mess of private holdings that buy up firms, chop them, and resell much like the garbage we see on HGTV with cheap-fixes to sell to unwary speculators in the name of a "short term" gain.

Oh well. I won't miss Covad. Them and a few others were peddling DSL to small businesses a few years back and were getting shaft from Bell-um Verizon for Loop tests ($150/per test). Too bad the database at Verizon wasn't, um, up to date and Covad got hit with a test loop fee, even though there was no CO with 18000' of the prospective client.

I think we should just start shoddy businesses, make them look great (hire someone from Trading Spaces!) and resell to highest paying private equity firm! Look! It's a steal!
permalink · 2007-10-29 10:24:57 · Print · Reply to this
Forums » Covad Bought By Platinum EquityIf incompetence were a crime, Hoffman would be in jail. »
« so marks the end of covad.  

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