Not sure about how this litigation impacts a buyout.
Posted By: MTMQ on 2005-08-28
In Reply to: MQ-Bankruptcy - SAD
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MQ buyout
Do you think that Philips will grow tire of this situation with MQ and offer the compnay up for a buyout, for example to Spheris. Don't forget, I think MQ makes up 1 percent of the Philips Corp. so it's loss will amount to nothing in regards to Philips, obviously the impact would be great upon us if that did happen. Millions are going out the door for the lawsuits and golden hand shake buyouts for upper employees and I don't know how many office closings and offices employees being let go can make up for this difference especailly when they clearly state that they will continue to lose money for the rest of the year due to the above and lost contracts and lower rates being charged to the accounts that they do have. It is too bad when greed gets into the way of a good company and of course the people that get hurt by all this, is the transcriptionist. I really hope that I am wrong about all this because I know too many people out there that depend upon this company for their living and many of us are the sole support of our families
MT: 24 years. Same company: 11 years same co. after buyout.
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