| Topic Name: |
Big Announcement on 1/9 |
| Message Name: |
Sale to PwC? |
| Date Posted: |
01/08/2006 |
| In Reply To: |
1) If we're completely selling PS, we must have no other choice besides bankruptcy. Given our current situation, how could we possibly sell our backbone at a discount ??? I think we should start renting out Phil Mickelson for miniature golf parties, sounds like a much better plan...
2) Is it legal for us to sell a piece of our business without providing public financials for all to see ? Isn't that "under the table" dealing, a no no with public companies ? At a bare minimum, I do think any dissenting shareholders would launch (even more) class action suits, not exactly something BE/2 can afford.
3) Without PS, for the 9 months ending 09/30/04 (our last published financials) we would have lost $232M in operating income. Just an interesting fact...
4) What will we sell when OneGlobe has us in the same spot a year from now ? |
| Message: |
Why would PwC want to pick up PS? Like the other Big 4, I would imagine that PwC would run into numerous actual and potential audit conflicts in the PS sector. The leaders of the Big 4 are very risk adverse these days and anything smelling of large scale 'consulting' really makes them feel uneasy. I do know that PwC in the DC area did pick up several Bearingpoint PS MDs over the past year but they have been told to "operate under the radar" It will be VERY interesting to see if PwC is willing and able to enter into an arrangement to grab even a small piece of Bearingpoint. We may find out on the 9th.
|
|
