http://gigaom.com/2005/05/02/battle-for-mci-verizon-wins-almost/ Trusted Insights and Conversations on the Next Wave of Technology Thu, 26 Nov 2009 00:02:37 +0000 http://wordpress.com/ hourly 1 http://gigaom.com/2005/05/02/battle-for-mci-verizon-wins-almost/#comment-11164 Om Malik on Broadband : » Michael Capellas, Playing Clean-Up Pays Mon, 09 Jan 2006 22:03:52 +0000 http://gigaom.wordpress.com/2005/05/02/battle-for-mci-verizon-wins-almost/#comment-11164 <p>[...] Michael Capellas has made a career out of taking over sinking ships, applying a slick paint job, and then flipping them to someone willing to buy. A few months after doing that, he exits, whistling and with a few million dollars in his pocket. He sold Compaq to HP, and pocketed about $20 million. Then more recently he sold MCI to Verizon, and has now left the building with $39.2 million. (He’s done really well in playing clean-up.) (AT&T’s David Dorman made chump change in comparison, for actually selling a company that was finally turning the corner.) Now as one reader points out that given MC’s history, Verizon should be worried. Look what Compaq did to HP! [...]</p> [...] Michael Capellas has made a career out of taking over sinking ships, applying a slick paint job, and then flipping them to someone willing to buy. A few months after doing that, he exits, whistling and with a few million dollars in his pocket. He sold Compaq to HP, and pocketed about $20 million. Then more recently he sold MCI to Verizon, and has now left the building with $39.2 million. (He’s done really well in playing clean-up.) (AT&T’s David Dorman made chump change in comparison, for actually selling a company that was finally turning the corner.) Now as one reader points out that given MC’s history, Verizon should be worried. Look what Compaq did to HP! [...]

]]> http://gigaom.com/2005/05/02/battle-for-mci-verizon-wins-almost/#comment-11163 Om Malik’s Broadband Blog » Qwest to bid for MCI again? Tue, 27 Sep 2005 19:06:00 +0000 http://gigaom.wordpress.com/2005/05/02/battle-for-mci-verizon-wins-almost/#comment-11163 <p>[...] Five months after calling it quits, and with FCC approval of the Verizon-MCI merger on cards, Qwest is reconsidering making a hostile bid for MCI, reports Denver Post. The new interest is prompted by hedge fund Deephaven Capital Management which is lining up support to put a dagger into the Verizon-MCI deal. MCI shareholders vote on the deal on October 6, 2005. Lot of people it seems are upset with MCI’s decision to spurn Q’s $9.75 billion offer in favor of a $8.44 billion Verizon bid. And just when you thought, things were settling down in the telecom world…. Update: Qwest denies desire to bid for MCI again. In Wired Posted Tuesday, September 27, 2005 at 8:10 AM PT [...]</p> [...] Five months after calling it quits, and with FCC approval of the Verizon-MCI merger on cards, Qwest is reconsidering making a hostile bid for MCI, reports Denver Post. The new interest is prompted by hedge fund Deephaven Capital Management which is lining up support to put a dagger into the Verizon-MCI deal. MCI shareholders vote on the deal on October 6, 2005. Lot of people it seems are upset with MCI’s decision to spurn Q’s $9.75 billion offer in favor of a $8.44 billion Verizon bid. And just when you thought, things were settling down in the telecom world…. Update: Qwest denies desire to bid for MCI again. In Wired Posted Tuesday, September 27, 2005 at 8:10 AM PT [...]

]]> http://gigaom.com/2005/05/02/battle-for-mci-verizon-wins-almost/#comment-11162 Om Malik Tue, 03 May 2005 21:19:36 +0000 http://gigaom.wordpress.com/2005/05/02/battle-for-mci-verizon-wins-almost/#comment-11162 <p>i agree. it is time for them to start drawing up 4 sale papers/</p> i agree. it is time for them to start drawing up 4 sale papers/

]]> http://gigaom.com/2005/05/02/battle-for-mci-verizon-wins-almost/#comment-11161 Jesse Kopelman Tue, 03 May 2005 21:14:41 +0000 http://gigaom.wordpress.com/2005/05/02/battle-for-mci-verizon-wins-almost/#comment-11161 <p>The real is question is where does this leave Qwest? Nowhere good, I say.</p> The real is question is where does this leave Qwest? Nowhere good, I say.

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