20 May
2002
20 May
'02
1:13 p.m.
On Mon, 20 May 2002 12:08:32 EDT, Chris Woodfield said:
Intermedia, for example, was EBITDA positive for all of the time I was working for them, yet was bleeding approx. $100 million plus in interest payments per year. This created a very real cash crunch that prompted the sale to Worldcom.
I believe the *original* comment was "If they're EBITDA-negative, they're *really* screwed without more cash(*)". -- Valdis Kletnieks Computer Systems Senior Engineer Virginia Tech (*) As many dot-bombed discovered when the bubble burst...