Entries for the ‘Miserable Failure’ Category

Palm death watch at BB Gadgets

Their analysis seems spot on. Crap phones, crap performance. My, how the mighty have fallen.
The company announced that it expects to record revenues for Q2 fiscal year 2009 in the range of $190 million to $195 million. The revenue decline vs. the company’s Q1 fiscal year 2009 and Q2 fiscal year 2008 is [...]

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Pownced

Spin this anyway you want…it spells failure for Internet darling Kevin Rose.
We have some very big news today at Pownce. We will be closing the service and Mike and I, along with the Pownce technology, have joined Six Apart, the company behind such great blogging software as Movable Type, TypePad and Vox. We’re bittersweet about [...]

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No Rebate for you

This one baffles us considerably. Shouldn’t they have some sort of protected account that represents the reasonable cash obligations of outstanding rebates?
One of the nation’s largest rebate processing firms, CPG (RebateStatus.com) has filed for Chapter 11 bankruptcy protection. What does that mean for you? Well, if you happened to mail-in a rebate form with a [...]

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Yanking the Yang

About time…enough said.
Yahoo announced that Yang, 40, will step down as CEO and return to his former role as “Chief Yahoo.” The company’s board said it has hired headhunter Heidrick & Struggles to find a replacement. (CNN)

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Circuit City down for the count

buh bye!
Circuit City Stores Inc. filed for bankruptcy protection on Monday heading into the busy holiday season as analysts question whether the nation’s second-biggest electronics retailer will be able to survive. (AP)

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Who the heck is MPC?

Was surprised to see this on in the news. Don’t even know what this company is.
MPC Computers in Nampa plans to layoff 210 employees - effective today.
The company sent its layoff notice to the Idaho Department of Labor Wednesday.
“MPC was unable to provide any advance notice of this action because there were unforeseeable business [...]

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AIG tip

A insider alerts us that AIG has closed 180 offices effective today and laid off 700.

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Calacanis - We couldn’t pay him to be so wrong

Prediction:

Reality:

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Closed Circuit

Circuit City is shuttering stores.  How they continue to stay alive is a mystery given the miserable experience I have every time I set foot in one of their stores.  Hopefully, the whole francshise goes belly up.

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Motorolling them right out the door

Advice to Moto….get beyond the Razr.  It had a nice run, time to innovate.  Abandon your proprietary OS initiatives and move to Android and/or Symbian.  Perhaps you’ll have a shot at staying in the cell phone business.  It’s a long shot, but still a shot!
officials confirmed today that $800 million in cuts planned for 2009 [...]

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