- gibt es überhaupt noch einen solventen Internet backbone??? - nasdaq, 27.07.2002, 16:18
- Re: gibt es überhaupt noch einen solventen Internet backbone??? - Valueinvestor, 28.07.2002, 22:36
gibt es überhaupt noch einen solventen Internet backbone???
PSIX, WCOM (UUNET) und jetzt Genuity gehen bankrott. Die Infrastruktur steht, die Abschreibungen werden nach einer Übernahme kleiner und die operativen Kosten nach Massenentlassungen gesenkt. Es kann also noch Hoffnung geben. Hoffentlich gibt es nicht zu viel Ausfälle im Netz...
As for Genuity, the question is why it rushed to borrow $723 million on Monday.
Genuity said yesterday that the group of eight banks really should have been nine and that the $723 million really should have been $850 million. Genuity said Deutsche Bank refused to honor a commitment to lend it an additional $127 million, and that it had sued Deutsche Bank in Federal Court in Massachusetts.
Deutsche Bank said that it had not received any legal papers and that it was in talks with Genuity.
People close to Genuity's lenders said yesterday that Genuity called its banks on Monday morning and demanded the money remaining under its prior credit line by noon that day. Some banking executives said yesterday that companies generally were prepared to wait 48 hours before actually receiving cash under a credit line. They speculated that Deutsche Bank could have been unnerved by the unusually urgent nature of Genuity's request.
Ms. Kraus, the Genuity spokeswoman, said Genuity's agreement with its lenders allowed the company to draw on its loans quickly.
Some bankers speculated yesterday that the eight other banks that did comply might have inferred that Genuity was worried about Verizon's intentions. Moreover, according to people close to both Genuity and Verizon, Michael T. Masin, a Verizon vice chairman and Genuity board member, was asked not to attend a Genuity board meeting on Sunday. His exclusion could have fueled a perception that Genuity suspected that Verizon would cut it loose soon.
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