mattwnz:NonprayingMantis:myfullflavour: I wonder if it went for more than 24mil. Looking forward to seeing the figures later on.
As an SOE, is Kordia subject to the Official Information...?
It does feel right that a SOE no longer runs a major ISP.
If it;s fair value back then ws $24m, one would think (hope!) it is worth more now.
however, the broadband market was very profitable back then and as a Kordia guy put it recently it is now "a race to the bottom".
They also purchased some other companies since then, which should have increased the value. They purchased iserve, not sure how much that cost them?
Really hope they improve their web hosting support. (currently waiting for a reply and can sometimes takes days ) Ringing is faster but shouldn't be, as that would cost them a cell phone call each time I call them, while email is free.
Sadly Orcons purchases of other entities have been from my perspective and epic failure and have greatly de-valued the purchases as they went. They expanded way to quickly, with no real management team in place or process around acquisition and staff management They are still around because of the aggressive marketing of lower priced offerings and release of products like Genuis (Which again showed a complete lack of understanding around popularity and how to cope with overwhelming demand).
I am not aware of what profits they made in the last few years but it would be hard to believe it would be worth significantly more now than it was 5 years ago.