Tuesday, September 29, 2009

Fairpoint CEO Talks Possible Bankruptcy - Solving the 'financial piece of this company' to be 'interesting'


Earlier this month we noted how Fairpoint Communications would miss most Tmnet Streamyx Bill Service their New England broadband expansion goals as the carrier continues to deal with fleeing customers Adsl Autoconnect a high debt load. Over the weekend Fairpoint CEO David Hauser talked with the New Hampshire Union Leader. Hauser puts on a relaxed face when asked watch movies on the internet the company's NYSE delisting, whether Fairpoint overpaid for the New England networks, and how a Internal Dsl Modem possible bankruptcy could impact the company:

"There's a whole series of events that caused the last six months to be very difficult for FairPoint. The vast majority of those events, we're past (them) at this point," he said. "Now our next one is we have to solve the financial piece of this company, and that's going to be very interesting, but I'm highly confident of where we'll end up with that," Hauser said. "We will restructure the debt broadband radio one of two ways ... either in (bankruptcy) court or out of court. If you're looking into the future, it doesn't matter which way you got there. You'll come pretty close to the same place either way."
One thing that's in Hauser's favor? The same weak-kneed regulators who approved the deal in the first place amid warnings from analysts, unions and consumer advocates continue to allow the company to move forward without a transparent, publicly verifiable improvement plan.
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The Snickers bar was created by the Mars family corporation in 1930 with the name itself coming from one of their favorite horses. The Snickers candy bar is comprised of peanuts, nougat, caramel, and milk chocolate. The original 2.07 oz (58.7 g) Snickers bar has 280 calories and 130 calories from fat. The twin pack, king size version has 220 calories per bar (47 g) with 100 calories from fat per serving.

Mars Inc. is the largest confectionery company in the world and was started in the early 1900's by Frank C. Mars and his wife Ethyl Mars. They originally sold the Snickers bar in England and Ireland but named it the "Marathon" bar. In 1990, Mars changed its name to Snickers and this name change moved the candy bar from ninth to third place in popularity.

The family also invented the Mars bar in 1936 with a European version that was slightly sweeter and missing the almonds. Until recently, the Mars bar was the most popular candy bar of the 20th century. In 2000, the Mars bar was renamed Snickers Almond and within 2 years, sales had plummeted, and Snickers took over as the most popular bar in the world, and the best selling candy bar in history.

In 2004, the king size version of the Snickers bar started to be phased out in England and was replaced by a twin bar pack. This twin pack was designed to comply with the Food and Drink Federation and its 2004 manifesto urging the food industry to reduce sugar, salt, and fat, provide clear food labels, and become more health conscious. The twin pack is the same weight as the king size version but is designed to be shared or saved.

This is a stark contrast to the deep fried chocolate bars that became popular in the early 2000's. These fried Snickers and Mars bars generally weighed in at over 850 calories per bar!

Mars Inc. products: Milky Way, Dove Chocolates, Twix, M&M's, 3 Musketeers, Skittles, Bounty, Kudos, Starburst, Marathon/Snickers, Mars Bar, Fling, Mars Delight, M-Azing, Minstrels, Combos, Revels, Spillers, Lockets, Galaxy, Flyte, Promite, Maltesers, Schmackos, Snickers Marathon Energy Bar, Pill Pockets, Seeds of Change, Winergy, Mars Planets, Tracker, Techni-Cal, Whiskas, Pedigree, Nutro, Cesar, Royal Canin, Sheba, Medi-Cal, Topic, Bounty Buckey Nutrition Celebrations, Greenies, Wisdom Panel MX Mixed Breed DNA Test, and Mars Fish Care.

Venus Kelly is a sales and marketing professional with ten years experience and a degree in business marketing. She writes and maintains Who Invented.info a website dedicated to Who Invented What.

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