I'm a simple man with simple dreams.
Can we talk about this paragraph from WCII Company Press Release (Page 2 towards the bottom)?
I'm just a little confused by all of this. First, if they adopted a plan, does that mean they did the work?
And why dispose of res. Long distance? I thought that was part of the overall end-to-end strategy.
When you dispose of the res Long Distance biz, don't you just call up the RBOC and place disconnect orders?
So, then, okay, now I sell assets of “Global Products” which might be of use (or not) to realize the overall global strategy? What gives? Finally, all this results in a charge of $21 million?
Those assets must have really been more than worthless, similar to a dump hiring a company to dispose of their toxic waste…
It's only one paragraph, and probably was written in a hurry, I know, but it still caught my eye.
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<< During the quarter WinStar adopted a formal plan to dispose of its residential long distance business, WinStar Gateway Network. In addition, the company agreed to sell the remaining assets of WinStar Global Products, which was discontinued in 1997. Accordingly, a charge of $21.3 million was taken in the quarter to reflect these actions.>>
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