Quote:
Originally posted by salsbury
um.. verio is losing money, big time. they closed many datacenters they mistakenly opened over the years and are still not profitable. they may never be. they are selling services below their costs because they have to to compete.
i give 'em about 2 more years before NTT sells them off or shuts them down.
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Yes, they are losing money, but then again, WHO ISN'T!? Their hosting business IS profitable, however, their broadband division is not (telco issues, etc.).
They closed data centers so they could consolidate into 3 perfect ones...they are using neutral colocation companies like Equinix, Switch & Data, and Universal Access in the other areas where they closed the data centers...where's the problem?
NTT has funded them for an additional 36-months, and we shall see after that...but in this world, to have a 36-month guarantee is pretty damn good.