uswc
@iauq.com
| reply to soso
Re: VDSL
Actually, if US West was not purchased by Qwest, then US West would be bankrupt along with Global Crossing and Frontier. I think it's funny that the US West employees are so up set at what Qwest was. Forgetting that SOL was the one that sold off Airtouch, MediaOne, ownership in BellCore, etc. Meanwhile, the backbone (occupational employees) have been addicted to entitlement and "whats in it for me" attitude that created the Life Bitter Here and US Worst slogan. If it was not for Phil A and Joe N. this company would have been parsed out to the lowest bidder in bankruptcy court. And, there would be no US West! No 100+ year legacy, nothing... Parsed out and sold to whom ever would buy. |
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dynodb
Premium,VIP
join:2004-04-21
Minneapolis, MN
| said by uswc :
Actually, if US West was not purchased by Qwest, then US West would be bankrupt along with Global Crossing and Frontier...If it was not for Phil A and Joe N. this company would have been parsed out to the lowest bidder in bankruptcy court. And, there would be no US West! No 100+ year legacy, nothing... Parsed out and sold to whom ever would buy.
Is that sarcasm or are you simply stupid? Before the merger, Qwest had massive debt, fraudulent accounting and had never made a profit. Ever. To this day, pre-merger Qwest hasn't made a dime. Qwest and the corrupt Nacchio didn't save US West from bankruptcy, but it did nearly drive it there thanks to the extra $20 billion in debt and bringing no profitable assets to the table.
The only reason the profitable Dex directory service was sold along with the wireless division was to pay off the debt of pre-merger Qwest. A merger that was only possible thanks to a corrupt CEO and artificially inflated stock price thanks to his illegal, dishonest policies that enriched him personally and left shareholders holding the bag. Had it not been for the merger, US West would've been far stronger and Qwest would've been another forgotten dot.com casualty. |
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viperlmw
Premium
join:2005-01-25 | Yea, he had it backwards. The whole reason Nacchio wanted USWest was because it was and still is a cash cow, and would keep him affloat until classic Qwest could start making money. At least that was his publicly stated plan. |
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uswc
@iauq.com
| reply to dynodb
I should phrase the same question to you... US West would have been bought under the Global Crossing, Frontier, & US West merger. That merger was well under way when Qwest entered the game by buying up all the stock of USW on the open market. I personally would not even call it a "merger of equals" as it was placed publicly. At any rate Global Crossing on January, 2002 went into the 7th largest corporate bankruptcy in US history (at the time atleast). Frontier bought up by Citizens Communications and Global Crossing is now 360networks. Who knows what would have happened to USW. Either way USW would have been bought it was just a question of who. If it would have been Gary Winnick then, you would be complaining about him instead of Nacchio. And, can you actually defend Sol T. in his running of the company??? I don't think so, he was just as much on anyone's list (especially the unions) as Nacchio was after purchasing USW. It did not help Joe one bit, when he called the USW side a bunch of clowns, but sometimes the truth hurts... |
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RichNice
join:2003-01-09
Columbia, MD | reply to viperlmw
You're right....even us "classic" Qwest employee's knew the deal:
Classic US West bought in 80 percent of the revenue and 90% of the profit, while Classic Qwest brought in 20 percent of the revenue and 10% of the profit. |
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dynodb
Premium,VIP
join:2004-04-21
Minneapolis, MN
1 edit | reply to uswc
Stupid it is then.
You're arguing that USW benefitted from being bought out by the corrupt paper tiger known as Qwest because they weren't quite as corrupt as Global Crossing??? Ridiculous.
USW would've been far, far better off had no merger taken place at all, or if it merged with a company that had actually made a dime of real profit in it's existance. One who's stock price didn't rely on corporate fraud. There's no disputing that the merger kept pre-merger Qwest alive and badly damaged pre-merger US West.
Had investors known that Qwest was little short of a giant Ponzi scheme designed to bilk investors and enrich Joe, they would've gone bankrupt far before they had a chance to buy Qwest.
It wasn't a merger of equals. It was a merger of a bank robber using his proceeds to buy another bank such that he might more easily rob that one too. |
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USWC
@iauq.com
| Wow…They must not teach manners up in fly over country. I guess it’s pretty easy to call someone stupid on the internet… Oh wait; you must be one of those USW employees that lost the farm on the Qwest merger… I suppose you should have sold when the stock was high (now who is stupid!). Funny how USW was “carrying” classic Qwest, only to be carried by the original Qwest now that local access lines are going away. I suppose I should spell out my thoughts, since you cannot seem to understand the general gist of the post. The original post balked at the amount of entitlement given to current and former CEOs of Qwest. And, was generally down on the state of the company, with how it squandered its legacy. (Which by the way, is not un-usual in corporate America)
My point; USW would’ve been bought period... It was just a question of whom; Global Crossing or Qwest. Qwest bought the company, and yes USW did carry Qwest for a couple of years. But, had Qwest not purchased USW, USW would’ve been bought by Global Crossing (hopefully you are aware of what happened to them). Now, let’s say hypothetically that USW would’ve remained independent. Since 2000 USW has been losing around 1 million access lines per year (Life Bitter Here, US Worst). At the time of the merger there were 16 million +/- access lines. Now USW has a business model that is no longer sustainable (and was not sustainable at the time of the merger). USW did not have a nationwide wireless network and certainly did not have the funds to build out the existing infrastructure. So either way, you would have lost a fortune on USW, it was just a question of when. Yes the company was extremely innovative, but could not execute a plan. Just look at how poorly Choice TV was implemented. How about when the company decentralized complex operations, only to re-centralize them again? My point is this, what has happened, happened. If you lost a ton on what happened, then you should have had the foresight to look beyond what the company was saying and should have diversified your 401K (oh wait USW would not let you do that). If you’re still upset, then you have a fragile and meaning less existence…And need to learn to move on.
But, I suppose it’s just easier to call someone stupid and remain bitter! |
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MyChoiceTV
@qwest.net |  I will miss my choice tv it worked great! It was quite price competitive and it was MPEG3 before MPEG1 was cool.
-I am looking forward to a DVR though.|:) |
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