The end result of the chapter 11 filing is that roughly 2/3 of SunGard's debt will be relieved.
Without that debt burden things are looking up.
SunGard's new owners understand that SunGard's value lies in the services that SunGard offers as opposed to the companies raw assets, so I don't think the chapter 11 settlement is going to be the 'fire sale' that everyone's suggesting on this board.
You're just seeing the panic of a few people.
Bumped from @YBQ6rBu-1lxp for much needed positivity.
Too much Indian c--- gobbling going on for the company to succeed
I understand why you can see the company fail, but at the same time large entities such as Blackstone and Angelo Gordon would not buy a ship that is already sinking. And on top of buying it, spending an extra 100 millions on it. I know what VCs do and if they knew this was over, they wouldn’t file for chapter 11. You say 90% of the jobs have been off shored. Where did you get that figure precisely? Did you get it from a reliable source? Also, this restructuring is coming with a new LT, no chance they’re keeping the same people
You really think SunGard's new owners "understand that SunGard's value lies in the services that SunGard offers as opposed to the companies raw assets" I'm not being facetious, what makes you think that ?
So using the logic here, the main reason profits and sales have fallen, customers have left in droves, 90% of US/UK/Canadian jobs have been move to India and Costa Rica, the company hasn't had a real product offering is that the company was just "full of debt". So literally overnight (ok 2 overnights) the company will emerge with $900M less debt, a fabulous new product offering, customers will stop panicking and leaving, and jobs will come streaming back to NA and UK and layoffs will be a thing of the past. That's total BS. Read Stern's comments in the Philly Inquirer and think. Look at Stern's history of bankruptcy with USInternetworking and think. Look up Venture Capitalist and understand what they do and how they think. VCs don't build businesses, especially failed ones. VCs don't take over a company to make the a wild success. To the originator of this thread stop spouting off the BS that the LT is feeding everyone and think. Millions of dollars make people do and say strange things. Power corrupts. Think for yourself.