...I was sitting on the thinking chair a minute ago in the bathroom and I honestly can't help but wonder about the future of Reliant...I mean, here you have Compaq center winning the naming right over the Summit,...then whammo!!! Then you gots Enron doing a nosedive (amid allegations the CEO who suddenly left afew months ago swindled millions upon million or something...but that's another story ) ....So maybe there is a connection here, no?...well probably not really,........... .....but it makes you wonder, no?
...this just in ENRON has officially hit rock-bottom... ch.11, multi-million dollar lawsuits, lalala and all the ugly stuff to go with it...3 to 4K layoffs, just ugly, ugly...
Until we all decide to go "off the grid" and start making our own power, Reliant will probably be just fine.
Yeah, quit naming stadiums after corperations. Justice is served now only if Microsoft will name a stadium ...
Don't worry Jeff, Reliant are well and truly entrenched in the fuel cell business, so even when we go "off the grid" they will be in business.
Actually, the Reliant that owns the naming rights is Reliant Resources - the unregulated wholesale trading and retail service provider operation. The regulated utility, Reliant Corp (HL&P), is a different company altogether - and (as you say) probably pretty safe. Reliant Resources, in many respects, is very similiar to Enron's business model. They are not immune to bankruptcy, takeover, or other adverse situations. That's the cold hard truth about deregulation that I am sure that many Californians are just enjoying the hell out of right now.
Aside from Random Coincedences of these Declines, they are not alone. Many stadiums named during the "internet" boom, can no longer afford the naming rights. Maybe it means that if a company has so much extra capital that they want to be worried about naming rights, that they have peaked within their business model and/or stock price is overvalued.
hmm. maybe we can start a collection and get the naming rights to the new arena? Clutchcity.net Center?
