A positive review of merger from Bears Stearns, as picked up off of the Yahoo thread:
Aug 27 1998
9:03AM EDTKenneth C. Starkey
Managing Director, Bear, Stearns, & Co. Inc.
"Culturally I think they're a really good fit. The way that Bay is going
to be integrated into the Nortel family, I think sends a strong message
to all the Bay employees that they're going to play a real prominent
role in the new structured company and unlike in the past, where Bay had
experienced some cultural differences, in previous mergers, that's not
at play now, and I think they're going to be a real dynamic force to be
reckoned with in the enterprise space."
"After the merger, I think what we expect to see is a competitive
landscape consisting of Nortel-Bay, Cisco, and Lucent. And I think that
Nortel-Bay are differentiated in that Cisco doesn't have a major
presence on the carrier and ISP side of the business. Lucent has that,
but doesn't have the enterprise customer, because Lucent -- I think that
the new combined company has a perfect blend to play a significant role
in both sides of those business. There are high hopes that Nortel and
Bay are really going to be able to choose something special."
"I think the opportunity is there. I think they have the right people.
they have the right technology. They have the right leadership. Both
David House and his organization, and John Roth and his organization
are, in my estimation, world class players. And it would not surprise me
one bit if'we woke up a few years from now and everyone was chasing
Nortel-Bay."
"Obviously, we're feeling very intelligent here at Beer Stearns today,
because we pride ourselves on picking the best technology players for
the right solutions, and, once again, we picked a couple of winners,
which now are going to be merging together. So we're very proud of that,
and I think that it's going to be very exciting to see how other
customers start to get the message that we got a long time ago, which is
that there's a big market out there, there are other choices other than
Cisco, and that these two companies really do some outstanding things
within their own spaces and blend it together. I can't imagine a better
enterprise model for the sales force to go out and leverage off of."
ÿ
Maybe this will pan out after the nearterm debacle?
Paul |
