Welcome to WebmasterWorld Guest from

Forum Moderators: anallawalla & bakedjake

Message Too Old, No Replies

Verizon directory spin off




8:57 pm on Jul 10, 2006 (gmt 0)

Inactive Member
Account Expired


From a financial analyst:

"Although the tax basis remains uncertain, general market consensus is that Verizon Directories would need to issue more than $6 billion in debt (the 25 percent threshold), still causing CDS to split," Taksler said in a report sent on Monday.

In light of the leverage the directories business is likely to have, market participants expect the entity would be rated in "junk" territory.

I think the people at Verizon directory are praying that they will be spun off. If they a bought, the new owner could easily lay off over 40% of the people and still have a functioning business. About 40% of the people are in Sales while some of their competitors have over 80% of the people in Sales. Typcial Telco fat that will be trimmed.


6:09 pm on July 17, 2006 (gmt 0)

Inactive Member
Account Expired



Looks like a buy out is in the works. Bad news for management and employees alike.


Join The Conversation

Moderators and Top Contributors

Hot Threads This Week

Featured Threads

Free SEO Tools

Hire Expert Members