Startup Trying To Buy Enron's Broadband Unit
from the publicity-stunt-or-real-business-idea? dept
Not quite sure what’s going on here, but a tiny Houston startup is trying to buy Enron’s broadband unit. The company, Jarvis Entertainment Group, is a penny stock on the over the counter boards, and it’s nearly impossible to tell what they actually do. They say they want to buy the broadband unit to get access to all that fiber they put down, as well as other assets of the company. I can’t tell if this is just a Zapata style publicity stunt (for those who don’t remember, Zapata once made a ridiculous unsolicited offer to buy Excite.com solely for the publicity), or if the company is serious about this. It could be a Iridium/Ricochet sort of deal where they buy tons of expensive equipment for pennies on the dollar and try to turn it into something real. However, since I still can’t figure out what the hell the company does (it appears they do “a little of everything”), I’m guess it’s more of a publicity stunt.
