They seized upon an opportunity and they succeeded at pricing a pretty sizeable offering. That's a price that doesn't seem far from what would be considered reasonable.
More Quotes from Scott Kessler:
I think that you can, as a company, be very, very focused on the long term, while also providing helpful and detailed information to the investment community on a recurring basis. And I think that is ultimately what one of the company's goals has to be for 2006.Scott Kessler
Essentially, the company has decided to divest itself of its, by far, most successful and most prized business, and it's going to retain two businesses that I consider challenged at this point.
Scott Kessler
A lot of these companies look at AOL as an entity that has huge traffic, a substantial number of users, a fair amount of subscribers and access to unique and differentiated content and services, ... Right now, it is very prized real estate when it comes to the Internet, particularly because its valuation may be depressed since it is in the midst of an ongoing turnaround, and part of a large conglomerate.
Scott Kessler
I can't imagine that Microsoft would be worried as a result of this. On the other hand, it's something that probably has attracted their interest.
Scott Kessler
I think a lot of folks who were at that meeting felt pretty chagrined, I would argue this is still pretty material information, given the high profile nature of this company and the emergence of click fraud as a high-profile subject.
Scott Kessler
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Based on Topics: Opportunity QuotesAnd here in Los Angeles, once again, I'm going to go down and be a witness. There's a guilty plea. I don't mind being on the witness stand, but I think they mind it a lot.
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Has President Bush exceeded his constitutional authority or acted illegally in authorizing wiretaps without a warrant? Benjamin Franklin would not have thought so.
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