Thread regarding Sungard Availability Services layoffs

Asset Sale

Next Layoff = When the next big asset is sold... new owners have a math problem.... they gave up ~$900m in defaulted loans to take over a company that is now worth ~$340m..... these guys don’t lose money and they aren’t in the business of building.... after they sell the data assets, they will look to sell the dirt beneath... get out now... OPG, that includes you as well..

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Post ID: @OP+ZEFOYfH

5 replies (most recent on top)

What did his email say? I didn’t get it because my position was offshored to India last year

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Post ID: @7ptw+ZEFOYfH

I like MR. He's one of us. Blue-collar, hard working, doesn't like 'camp shirts'. Knows 1 + 1 = 2.

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Post ID: @7nzj+ZEFOYfH

Interesting no one has commented on MR's "First Two Months" email......had nothing good to say about the US.......sounds like the lull before the storm!!!

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Post ID: @6gba+ZEFOYfH

There are no assets, SGAS only owns one or two of the existing data centres. What other assets does SGAS have?

Only the company itself, which is worth more then $350M, but less then 1.2B which is what the company needs to be worth in order for current owners to re-coup $800M of forgiven debt.

Only way they re-coup the debt they lost is to try to grow revenue and margin and get value back to $1.2M. It can be done, but not with current leadership team.

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Post ID: @3vxi+ZEFOYfH

Its been that way for years. The only thing that changed are assets and liabilities. Still the same old game.

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Post ID: @1udh+ZEFOYfH

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