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Comment by Paul Bennett, on 16-May-2006 20:27
Hello, You quote in your article "if the ihug parent doesn't have a bean" ignores the fact that iinet had full-year earnings (EBIT) of $30M. Still not too bad for a company who have invested substantially in DSLAMs. I have been with iinet for over a year and haven't had any problems. Just how big is big enough? Maybe Mick Malone is quite happy to be earning $30M it's just his shareholders being greedy. I suppose the investement may now dry up and the company be sold off. Especially if Peter Harley can make a lot of money out of the deal. Mick Malone won't do too badly either, I suspect, and he deserves every penny as he had the vision to start the company and drive it to where it's at today. Nowhere near as bad as the One Tel debacle of a few years ago.
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