Featured, Opinion - Monday, September 5, 2011 14:20 - 43 Comments

Internode up shit creek? Bullcrap. Here’s why.

opinion After Internode made four senior technology staff redundant last week and acknowledged it had been through some “difficult times”, a number of hysterical online commenters immediately took the chance to claim the sky was crashing down on the ISP’s head, predicting doom for managing director Simon Hackett and his merry band.

“I would say it’s all downhill for Internode from here on in,” wrote one commenter on Delimiter. “First the massive loss of customers per the bandwidth situation, and now the voluntary termination of many of its most senior employees. Unless it can pull a magic trick out of the bag, hmm, it doesn’t look good.”

“Alignment ready for moving to an acquisition phase,” claimed another. “I don’t think the NBN is going to be all rosy for Internode; they will just be another player and not be able to differentiate itself. With a small subset of users compared to the Bigponds and iiNets, they will not have the cash flow to continue. Simon probably wants to cash the business in while it is still worth something.”

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