Berkeley CSUA MOTD:Entry 27903
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2025/04/15 [General] UID:1000 Activity:popular
4/15    

2003/3/29-30 [Uncategorized] UID:27903 Activity:kinda low
3/28    Take that, Salon haters!
        http://csua.org/u/bef
        \_ $800k?  That's nothing.  How many millions have they burned through
           already?  I noticed the 'article' doesn't mention burn rate or their
           projected final listing on http://fuckedcompany.com
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csua.org/u/bef -> www.salon.com/press/releases/2003/03/28/march_03_funding/index.html
The current round represents an investment of $800,000, bringing the entire investment in Salon since July, 2002, to $2,100,000. This current round was led by existing Salon investors Bill Hambrecht and John Warnock, a Salon board member. It also announced that 14 advertisers have signed contracts to purchase Salon's new "day pass" intercept advertising unit, which launched January 22nd. These advertisers include: Mercedes Benz, The Discovery Channel, Infiniti, Fox Television's "24" and "Married by America," Concord Records, HBO, American Express, Powell's Books, Mazda, Remedy Software, ACLU, National Geographic, and Tobacco Free Kids. In lowering its cost structure, continuing to grow its subscription businesses and turning around its advertising sales, I believe that Salon's business model is poised to match the strength of its award-winning editorial," said John Warnock, Salon board member and founder and co-chairman of Adobe Systems. Private Securities Litigation Reform Act of 1995: This press release, including statements by Michael O'Donnell and other parties, contains certain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are naturally subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained herein. The forward-looking statements contained herein include statements about future financial and operating results of Salon. Factors that could cause actual results to differ materially from those described herein include: success in raising debt or equity financing; More detailed information about these factors is set forth in the reports filed by Salon with the Securities and Exchange Commission including but not limited to the Form 10-Q filed by Salon for the period ending December 31, 2002. Salon is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. Note: Salon is a registered trademark of Salon Media Group, Inc. All other company and product names mentioned are trademarks of their respective owners.
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fuckedcompany.com
Nice pants Rumor has it Levi Strauss has been forced to sell-off its sinking Dockers business to pay off the debtors. Trilogy Software is packing up shop and sending all development jobs to India. Word is the company is looking into how many customer service jobs can be done from India as well. Knowmadic employees are jumping ship, including the Director of Engineering, some designers, and the entire QA team. According to one employee and FC reader, "We knew it was coming. The funny thing is that by intially you say to yourself, 'at least they are keeping the jobs in the US' -- until you speak to the conversion team in Illinois and find out the majority of them are from India and Russia." Passport Health staff developers were just given a choice by their new onwers, United Wisconsin Proservices: Move to Franklin, TN (just south of Nashville) or you're out of a job in six months. Deloitte Consulting has terminated the employment of all participants in its MBA educational assistance program.