[39280] in North American Network Operators' Group
Re: Exodus Down
daemon@ATHENA.MIT.EDU (Derek Balling)
Sun Jul 1 17:30:53 2001
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In-Reply-To: <20010701115424.E16794@moremagic.merlins.org>
Date: Sun, 1 Jul 2001 14:30:08 -0700
To: nanog@merit.edu
From: Derek Balling <dredd@megacity.org>
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At 11:54 AM -0700 7/1/01, Marc MERLIN wrote:
>If the worst were to happen, and a few years down the road VA were to run
>out of cash before being profitable, I'm pretty sure that SF could be taken
>over by someone else, and of course all the projects are on ftp[1-x].sf.net
>sites which are mirrored already.
It couldn't be "taken over" by anyone else without cash changing
hands. It's a corporate asset of VA Linux Systems, Inc. -- the Inc.
is the important part there.
Publicly traded companies going belly up don't get to "give" their
assets away, they sell them - at fair market value - or they face
lawsuits from shareholders.
D
--
+---------------------+-----------------------------------------+
| dredd@megacity.org | "Conan! What is best in life?" |
| Derek J. Balling | "To crush your enemies, see them |
| | driven before you, and to hear the |
| | lamentation of their women!" |
+---------------------+-----------------------------------------+
