Well here's my thoughts if you care to read them.With the limited insight that I have on the USWeb merger, I will say that for the most part I view this merger with some optimistic pessimism. (Let me explain the oxymoron.) I want to buy into the idea of the fleshing out of the b-b offerings of usweb. The truth is, it's hard to win some critical engagements in the b-b area when quite frankly USWeb has an overall lack of large scale ERP and other backend systems like PeopleSoft and SAP. They get eaten up when it comes time to put the rubber to the road against IBM, EDS, etc. So from that stand point, assuming Whitman can deliver, (that's not a dig I just don't know about them) it seems like a good idea.But the issues that confound me, and maybe this deal will adrees that as well, is that USWeb has a hard time getting it's own house in order. The lack of a consistent comp plan for it's employees across the board, which has been promised for over a year now, is still not a reality. Secondly, Robert Shaw has made at least two statments that have proven whether by design or by happenstance, have proven not to be correct. 1)At a conference call upon the aquisiton of MMG he made the comment that "we are the size we want to be and now it's time to grow organically." (paraphrased)2) He refuted a red herring article that explained that Shaw was looking for an exit strategy as CEO. The article was in the words of strategist Ian Small complete "bullshit." Three months later, that article seems to have proven correct.I think that there's currently an integrity issue here. An inconsistent face from upper managment to it's employees without whom, in this business, you don't go anywhere. Only time will tell if the merger will adress these concerns or if we just take one more spin on the USWeb merry go round. If the CEO is half as dynamic and exciting as he sounds, we may be in for quite a ride, but I can't ignore the issues of the past year. Revenue growth or not, you gotta' keep the people happy and right now, morale has probably suffered. BTW - love to hear suggestions on a name for NewCo. Rebuttals and comments welcome,Mosafef
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by