<< It'll all sort out over time, but in the meantime, I'm a little baffled by it. It takes away from a focus that itself was extremely demanding, and it dilutes their original mission to some extent, which I had originally thought was actually a rather brilliant play. >>
Yup.
I get the feeling that QWST/GBLX was the deal that wanted to happen but control issues, market caps, and perhaps egos got in the way. GBLX selling to QWST would have made GBLX shareholders much richer in the long term than acquiring FRO and going head-to-head w/ WCOM, T, QWST et al.
There are so many issues for GBLX/FRO: Executing the merging of the two companies, keeping the international plans rolling, building out the new sales, support, and marketing organizations, etc. and while Bob A. has the big rep, lots of this is new to him and FRO doesn't add much experience to the mix.
At this point, do the economics support QWST starting a transoceanic unit of its own? |
