tag:blogger.com,1999:blog-12509286.post3552722428029553668..comments2024-03-01T07:43:16.529-06:00Comments on Smart City Memphis: Flyer Coverage Wired For FactsUnknownnoreply@blogger.comBlogger10125tag:blogger.com,1999:blog-12509286.post-3348843427999361592007-07-21T20:52:00.000-05:002007-07-21T20:52:00.000-05:00As with other Memphis-based ISP companies, all of ...As with other Memphis-based ISP companies, all of the Networx hoopla makes me wonder one thing: where was their sales force in all of this, and with the backing, how could they have squandered this opportunity when other Memphis ISP companies ARE making it work, for example, WorldSpice?***https://www.blogger.com/profile/07149909941304864713noreply@blogger.comtag:blogger.com,1999:blog-12509286.post-81388536668324610312007-07-21T09:02:00.000-05:002007-07-21T09:02:00.000-05:00Mike, I think you're right about the real question...Mike, I think you're right about the real question, wrong about all the rest. There there is value-- that's not even a question.Chris Davishttps://www.blogger.com/profile/13864372432838869697noreply@blogger.comtag:blogger.com,1999:blog-12509286.post-67859055268637531472007-07-21T01:07:00.000-05:002007-07-21T01:07:00.000-05:00Why do people assume there is anything of value th...Why do people assume there is anything of value there?<BR/>Why do people want the utility or City to throw more good money after bad? <BR/><BR/>Isn't this the kind of thinking that keeps us in Iraq?<BR/><BR/>What's more MLGW doesn't have a controlling interest in Networx. It forfeited that a couple years ago, as I recall. If it hung onto its current interest, it would still be a minority shareholder after the sale. Maybe worse.<BR/><BR/>The train has come and gone.<BR/><BR/>The real question is was there fraud.Mikehttps://www.blogger.com/profile/08728319198069065136noreply@blogger.comtag:blogger.com,1999:blog-12509286.post-90295066508948574472007-07-20T18:10:00.000-05:002007-07-20T18:10:00.000-05:00When did the bad decisions begin? Was it a mistak...When did the bad decisions begin? Was it a mistake to get into this deal to begin with? Or, Was that the only innovative point in the whole deal? New to Memphis.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12509286.post-87276792077917263702007-07-20T17:19:00.000-05:002007-07-20T17:19:00.000-05:00If ever there was an issue for Smart City to get b...If ever there was an issue for Smart City to get behind, this would be the one. This sale seems like one of the most short-sighted decisions in this city's history, and that is saying a mouthful. <BR/><BR/>Where is the mayor on this travesty? Isn't this the kind of thing a visionary mayor would be all over?<BR/><BR/>I don't have enough info. on what Networx actually does or has the capability to provide, but I suspect that within 5 years, Memphians will be paying through the teeth for services provided by something we currently own and are unloading for chump change, which makes us the chumps unfortunately.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12509286.post-23534040412708802202007-07-20T16:18:00.000-05:002007-07-20T16:18:00.000-05:00City watch: Great questions, as usual. If Chris c...City watch: Great questions, as usual. If Chris can do this with the support of an alternative weekly, where are the folks with teams of reporters and the deep pockets? Chasing snakes and conflict, we presume.Smart City Consultinghttps://www.blogger.com/profile/13985783340016474051noreply@blogger.comtag:blogger.com,1999:blog-12509286.post-50712823561798945072007-07-20T16:16:00.000-05:002007-07-20T16:16:00.000-05:00Chris:With the value so low, what's the real risk ...Chris:<BR/><BR/>With the value so low, what's the real risk to MLGW in letting the company collapse? Is there any potential for picking up the pieces and using them for a public purpose?<BR/><BR/>Rather than pass the buck, is there a scenario where the city can take possession of a potential asset? Clearly, we know just enough to be dangerous, and you are the fount of knowledge on this.<BR/><BR/>And thanks for a great job of reporting. We'd almost forgotten what it looks like from reading our daily.Smart City Consultinghttps://www.blogger.com/profile/13985783340016474051noreply@blogger.comtag:blogger.com,1999:blog-12509286.post-59817384674586286232007-07-20T13:35:00.000-05:002007-07-20T13:35:00.000-05:00OK. Networx has operating capital for a month and ...OK. Networx has operating capital for a month and payment on the $7 million loan(?) is due. But why sell a civic asset? We have operating losses on our highways, which do not have fees for support. What's wrong with a careful study of the future benefit of the 100 mile fiber optic highway? Since Networx is producing a small profit (before or after debt service has not been revealed?),surely we can keep it afloat for a while to see if our $28 million investment is worth further investment.<BR/><BR/>Where are the city's lawyers? Where are the experts? Where are our leaders? Why is Chris Davis the only person to dig for answers?<BR/><BR/>Can this fiber optic network be the backbone for wireless hotspots around the City of Memphis? Will somebody please answer this?city watchhttps://www.blogger.com/profile/12626094647810622229noreply@blogger.comtag:blogger.com,1999:blog-12509286.post-53161462700097149832007-07-20T11:58:00.000-05:002007-07-20T11:58:00.000-05:00Oh, and thanks.Oh, and thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12509286.post-6116358242888851262007-07-20T11:54:00.000-05:002007-07-20T11:54:00.000-05:00I can answer both of those questions.Why now? Beca...I can answer both of those questions.<BR/><BR/>Why now? Because Networx only has enough operating capital for a month or so, and debts are coming due.<BR/><BR/>Of course there could have been other options, but--as explained in this week's issue-- they would have been risky. <BR/><BR/>Any talk of turning Networx over to the City: Yes and No. MLGW's board entertained a motion (prior to the vote to sell Networx) to turn Networx over to the City.<BR/><BR/>It was met with some derision from council members who said MLGW was passing the buck on a difficult decision. The motion--which did seem more like a political manuver than anything else--died.<BR/><BR/>I think I've addressed all of this previously. Maybe some of it needs revisiting.Anonymousnoreply@blogger.com