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Technology Stocks : WCOM
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To: telecomguy who wrote (10506)6/6/2002 3:27:17 PM
From: Oeconomicus  Read Replies (2) of 11568
 
Businesses sell profitable divisions all the time. Surprisingly, buyers are usually more interested in those than unprofitable ones. ;-)

Seriously, if being a wireless reseller does not fit the management/BoD vision for the business going forward (i.e. if it is not part of the strategy for the future), if it is profitable, and if there are a number of likely bidders so that the price they get for it is likely to be attractive, then selling it is absolutely the right thing to do and is not a sign of desperation.
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