 hobgoblinSortof AgoblinPremium
join:2001-11-25
Orchard Park, NY
kudos:4
1 edit | reply to ashakouri1
Re: Adelphia buyout by Time Warner WFRM the source of all good news posted this
"Potter County's leading employer, Adelphia Communications, hopes to emerge from bankruptcy by the middle of the coming year as a major player in the
highly competitive telecommunications marketplace. Adelphia's chief operating officer, Ron Cooper, sounded an optimistic note in two recent media interviews. Cooper discouraged speculation that Adelphia would be ripe for a takeover by one of the industry's giants, such as Comcast or Time Warner, once the company is back in good financial health. According to Cooper, Adelphia has boosted sales of its high-speed internet access service, known as Adelphia Power Link, while upgrading its fiber optic broadband technology across the country. Cooper insists that, contrary to media speculation, Adelphia plans to remain as a stand-alone company - even though the cable industry is consolidating. Although Adelphia earlier this year relocated its corporate headquarters to suburban Denver, the company still maintains about 1,300 jobs in Coudersport. Adelphia remains the nation's fifth largest cable operator, with about 5.1 million customers in 30 states. Cooper is optimistic that a post-bankruptcy Adelphia can be an industry leader in cable television; high-tech services such as internet access, video-on-demand and high-definition television; and - eventually - a profitable telephone product that utilizes the same cable lines currently carrying cable TV and internet traffic."
I believe Ron.
Hob
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"A foolish consistency is the hobgoblin of little minds."
- Ralph Waldo Emerson
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| Hob in his infinite wisdom and lacking of the usual humor posted -
"I believe Ron."
Duh! Why wouldn't you? Isn't this the same COO that was running a cable company and was instrumental in it being bought out while he went home with a nice fat paycheck? Adelphia overpaid these dudes for a reason? Wanna know why?
I believe it was to put someone in charge that brought a little credibility to the company. Bring it out of bankruptcy so it can be bought. All the upgrades (cough..cough) are being done to bring Adelphia's systems somewhat closer to what TWC offers so when TWC buys Adelphia they can offer the same packages they do now. Sure TWC prices may be a couple bucks more...but boy do they offer 10 times the product as Adelphia.
As for your boy Ron's statements. What would you like him to say? "Yes we are looking to sell Adelphia to TWC." What would that do to the moral at Adelphia? Ron is just giving lip service my friend. That's called the "Acquisition game." All of that talk about how "great" Adelphia is doing is just talk to bring the price up.
I have been involved with close to $78,000,000 in acquisitions in the last two years for my company. I've sat in countless company headquarters performing Due Diligence reviews all the while the owner(s) still spouts off to the employees, "everything is great" "I would never sell my company." All the while signing a contract and collecting his nice little nest egg.
The thing you Adelphia guys need to understand....Adelphia is no longer controlled by the Rigas'. It is no longer the mom & pop organization. You are now ran like a real company where the executive offices good give a shit kick less about anything buy lining their pockets and that of their stockholders. It's called Big Business.
When/If Adelphia comes out of bankruptcy, there will be companies swarming like vultures willing to pay top dollar for Adelphia because of the low amount of debt remaining and increasing customer numbers (per you).
Don't ever believe Adelphia is not ripe for being bought out. It can happen and most likely will.
Ask yourself this question; If I am TWC and I am looking to buy a cable operator, who would your first pick be? One of these other boneheaded companies that have high debt, struggling to make it or the nice little Adelphia that has just done a little bit of upgrading and oh yeah...emerged from bankruptcy with little debt.
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Adelphia, you just flat out suck. THAT IS S-U-C-K!!!!!!! |
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 Crazyf00LGlorified Version of a Pellet Gun
join:2002-11-04
Coudersport, PA | I'll believe it when I see it...which is the bottom line here...we can all speculate...but not one of us has the control of the outcome...whether you like it or not....But why would you sell out??? I think the price will be the major factor......I could see perhaps selling pieces...but...we'll see...if it happens. BUT as of right now..Adelphia is still a strong corporation...you may not agree but I know a lot of people who are completely satisfied with the service...you can't please all of the people all of the time...and most of those people post here.. |
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| reply to kfsutops
So you honestly believe that. Interesting. With over 1 million Power Link customers alone, and a buttload of money in upgrades; whether you would like to believe so or not, it is interesting that you feel the stock holders feel they would have anything to gain in selling as soon as they erupt from bankrupcy. Looking at it from a fiscal point of view, that would be the biggest way to lose money I could think of.
From a tech support point of view, I agree with tac398328; I couldn't tell you how many times I see a customer call in or contact tech support with NO prior reports. I assume they are new and then they tell me that they have had the service for 2 years of so; and they contacted me for mail servers. If you add the people up who call in 7 times a day because they are getting speed tests of 2999 and not 3000 and subtract them from 1 million; lets just say, more people are satisfied than not. Selling out would be a very very dumb move.
TW just made the news not too long ago for wanting to dropping AOL due to it not being a money maker anymore.. yet you think Adelphia would be for them... go figure.
Hec |
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| said by Hecate 1976:
So you honestly believe that. Interesting.
Yes, I do. Hopefully for the sake of the average working Joe at Adelphia I am wrong.
said by Hecate 1976:
With over 1 million Power Link customers alone, and a buttload of money in upgrades;
Even more of a reason to think something will happen. It will command a higher price.
said by Hecate 1976:
it is interesting that you feel the stock holders feel they would have anything to gain in selling as soon as they erupt from bankrupcy.
I nice payout or stock switch with give them plenty to gain.
said by Hecate 1976:
Looking at it from a fiscal point of view, that would be the biggest way to lose money I could think of.
Long term, I would agree. The problem most people don't think long term. With what Adelphia's stock has been like for the last few years, and thought of gaining money would look good, again for the short term.
said by Hecate 1976:
From a tech support point of view, I agree with tac398328; I couldn't tell you how many times I see a customer call in or contact tech support with NO prior reports. I assume they are new and then they tell me that they have had the service for 2 years of so; and they contacted me for mail servers. If you add the people up who call in 7 times a day because they are getting speed tests of 2999 and not 3000 and subtract them from 1 million; lets just say, more people are satisfied than not. Selling out would be a very very dumb move.
I never said it would be a smart move on Adelphia's part. And the fact that only a small percentage of your customers complain as nothing to do with whether Adelphia would be bought out. I don't think anyone would care. My problem has never been technical issues more the lack of product compared to other areas of Adelphia and other companies and lack of communication.
said by Hecate 1976:
TW just made the news not too long ago for wanting to dropping AOL due to it not being a money maker anymore.. yet you think Adelphia would be for them... go figure.
Hec
AOL and Adelphia are nothing alike. An Adelphia out of bankruptcy could/should be very profitable for someone. AOL is a market that will eventually completely fade.
I could go longer on this, but all you guys would just say I hate Adelphia...Believe what you must. For your sakes, I hope I am wrong.
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Adelphia, you just flat out suck. THAT IS S-U-C-K!!!!!!! |
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Crazyf00LGlorified Version of a Pellet Gun
join:2002-11-04
Coudersport, PA
1 edit | said by kfsutops:
I could go longer on this, but all you guys would just say I hate Adelphia...Believe what you must. For your sakes, I hope I am wrong.
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Adelphia, you just flat out suck. THAT IS S-U-C-K!!!!!!!
Yeah...imagine that
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Jax nice spot on the whole Rigas thing...it's something that most of us have discussed before...Most of us don't think the old man had much to do with it...But you are right, he is a rather large stock holder...who is still walking the street...
Depending on the area Comcast is usually not too bad with network swapping...but yeah...it could get ugly...
But again.,...we are all just speculating...I don't think this thread is doing any of us any good. |
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hobgoblinSortof AgoblinPremium
join:2001-11-25
Orchard Park, NY
kudos:4 | reply to kfsutops
kfsutops wandered lonely as a cloud.
That floats on high o'er vales and hills,
When all at once he saw a crowd,
A host, of golden digital boxes;
Beside the lake, beneath the trees,
Fluttering and dancing in the breeze.
after all that he typed
"An Adelphia out of bankruptcy could/should be very profitable for someone."
Indeed it could be even more profitable in its own right, in fact it could be in the strongest position of all the MSO's.
Hob
apologies to William Wordsworth.
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"A foolish consistency is the hobgoblin of little minds." - Ralph Waldo Emerson |
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| said by hobgoblin:
Indeed it could be even more profitable in its own right, in fact it could be in the strongest position of all the MSO's.
Hob
apologies to William Wordsworth.
I totally agree, the people in charge would be stupid to do this. But this is what they do.
Adelphia would be a strong player in the market, the problem is that is a long-term outlook. People don't always think long-term. We have a become a "now" world.
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Adelphia, you just flat out suck. THAT IS S-U-C-K!!!!!!! |
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