I was speaking to a co-worker this morning and there is going
to be an offsite townhall tomorrow in Rochester, NY. Anyone
know what the occasion is? or is this just another cheerleading session.
Any PAE / Earthlink people can you chime in?
19 replies (most recent on top)
The only successful thing TT has done since taking over at Windstream is line his own pockets. Everything else has been a big failure. Anyone who still believes a single thing he tells you must have their heads examined.
Uniti:
"As soon as (and if) the lease dispute is favorably put to bed, Uniti can raise money, do deals with other telcos and diversify away from Windstream."
Vendors tell me AT&T is cutting way back on 2020 expenditures ($ billions) to pay down their enormous debt. Wall Street's been after them about this.
A classic way to unload debt is to convert it into a long-term lease. _If_ Uniti can raise capital on Wall Street, they're in a great position to do a classic sale-and-leaseback transaction with AT&T:
- Uniti sells stock and bonds
- Uniti buys a lot of AT&T outside plant (not all of it - just some of it)
- AT&T pays down debt with the proceeds
- AT&T makes lease payments to Uniti going forward
- This is a "triple-net" lease like the airlines use for their planes – AT&T pays the upkeep cost, not Uniti
Win-win for both Uniti and AT&T. (No pun intended). With new capital, Uniti could handle a deal that's bigger than what's in place with Windstream.
This kind of transaction is done all the time by real estate, transportation and manufacturing companies.
The big catch: until the Windstream issue is put to bed, Uniti can't issue new stock or bonds.
Windstream is done, you can put money on that. The rats are getting their bonuses as we speak. TT got paid 1.5 million dollars in September, you honestly think he cares at this point one way or the other?
Uniti has a stronger case than Windstream in the eyes of analysts who’ve commented. The same people also hedge by saying anything can happen in a courtroom.
This Windstream issue is depressing Uniti’s stock and pretty much cutting off their access to more capital (financing using loans, bonds or stock) until it’s resolved. Investors see Uniti as over-reliant on Windstream (60+% of revenues).
As soon as (and if) the lease dispute is favorably put to bed, Uniti can raise money, do deals with other telcos and diversify away from Windstream.
On the other hand, Windstream may feel no reason to hurry. So I think they may feel that dragging all this out until March gives Uniti a little more reason to concede at least a little something .
Having seen another big corporate bankruptcy up close, I don’t see how they can wait until March to resolve the Uniti lease and still exit bankruptcy in April.
Management can’t put forward a credible restructuring plan without knowing how the Uniti litigation was resolved. Then the creditors get something like 2-3 months to review and vote on the plan.
Kudos to a guy brave enough to call out TT about the bonus payments. It was explained away as a formality of bankruptcy and swept under the carpet.
It was the usual cheerleading session:
We are a SW company
Agile development mentality
small more effective teams
enterprise sales are down
5,000 DS1's disco'd every month this year
We are going to court with UNIT in March
Exit ch. 11 sometime in April
Nothing really exciting and new
Some Q&A with random questions
I doubt the depositions between Uniti and Win will get ugly. They are all friends that coordinated the lease agreements and stocks. One gunderman on one side and the brother gunderman on the other. They are on the same team trying to play the system, creditors and investors. Only the employees will lose in the end tho.
Did he mention that the auditors smell a rat or two in the HQ building?
It’s getting ready to get ugly during the sworn depositions of WIn and .
Uniti.
Can someone explain the wind river comments
Let's hope this is TT's farewell tour. Guess he just wanted to see the s—ers who helped him get his motivational bonus.
It’s safe to say this is TT’s last flight on a private jet.
He’s going to tell you how great things are while assessing all of you. Santa will write his naughty list once he returns to the North Pole.
Might be swinging through the Charlotte area to check on the data repair team is what is going around the Greenville watercooler.
That group of yahoos is notorious for having a bunch of slackers at the helm and inept team leads these days.
Heard he's also making stops in Georgia as well. Wasting money flying the jet around spying on his little minions and making sure they get him the bonus he so richly deserves. Lets all have an a– kiss fest and tell him how great he is and what a great job he's doing 🤮🤮🤮. Sick of hearing the lies and c-ap
TT's making a list he checking it twice he gonna find out who's naughty or nice.
TT and the reign deer are coming to town.
He's here to evaluate the office to see if we keep it open or close it.
Wind river has nothing to do with anything that we do. The only component of the company that develops HW and SW is Allworx. Maybe they would get sold off?
Still doesn't make any sense, fake news.
WHOIS: www.windriver.com
Wind River Systems
500 WIND RIVER WAY,
ALAMEDA, CA, 94501-1171, us
You misspelled Santa Claws
Could it be to officially announce the new software company, Wind River??
www.windriver.com