The article is dated May 13, 2002(?). The paragraph of interest to me was:

However, Dave Schaeffer, CEO of Yipes competitor Cogent Communications, said he doubts an outside suitor will swoop in and acquire Yipes. “We took a look at the assets, but they are [primarily] all leased. I'd be amazed if anything happens,” he said. “There is nothing there to buy.”

http://industryclick.com/magazinearticle.asp?magazineid=7&releaseid=10156&magazinearticleid=147854&siteid=3

I read somewhere on WHT that Yipes will probably turn around and either pull out of bankruptcy or be bought out in some way, but that it'll probably survive as one entity or another in some way.

Does Dave Schaeffer have a point in the 'nothing there to buy' statement? If so, what do you feel the fate of Yipes will be, especially if they can't pull themselves out?

I hear Yipes is a very good provider, and as such I would hate to see them go (unaquired).

what happens to all those cheap servers at WebReseller that are on yipes? If they go under that is.

Monte

Originally posted by allera
I read somewhere on WHT that Yipes will probably turn around and either pull out of bankruptcy or be bought out in some way, but that it'll probably survive as one entity or another in some way.

Does Dave Schaeffer have a point in the 'nothing there to buy' statement? If so, what do you feel the fate of Yipes will be, especially if they can't pull themselves out?

I hear Yipes is a very good provider, and as such I would hate to see them go (unaquired).

Keep in mind that the quote comes from what is arguably Yipes' most similar competitor.

There is almost always something worth acquiring. Whether it's the infrastructure (leased or own, someone had to build it), the customer base, the name and reputation, also known as "goodwill". You might get pennies on the dollars of what it cost to build, but if no one buys, the company has to be really really bad off.

Even "hopeless" companies often get bought out of bankruptcy dirt cheap by investor groups, who trim the fat, salvage what is good, and pull through. Sometimes. Look at Micron.

Kevin

Originally posted by Monte
what happens to all those cheap servers at WebReseller that are on yipes? If they go under that is.

First of all you can be sure that whatever happens, WEBRESELLER will find an alternative provider so I don't think there is any reason to panic whatsoever.

I also own a 45 MBit Yipes Pipe
Coordinator:
Prost, Robert (RP1136-ARIN)
Starhost (NETBLK-YIPS-STRH-S050702) YIPS-STRH-S050702
209.213.202.0 - 209.213.203.255

and I am not worried a single bit.

Also I can tell you that Yipes is rather expensive. I pay more for them then f.e. for DCJN which are even better IMHO.

Last but not least there are things going on that noone knows, or will know until 5 minutes before. I know SOME of them cause I keep very good relationships with the Yipes administration and I am sad I cannot reveal them so you would all calm down (at least for now).

Regards from, relatively cold for this season, Greece :cool: