Thanks to those of you who let me know about PlanetOut being "merged." I'd wondered why the stock had started to sneack back up the past few days (so much for me being able to buy a piece of the company at bargain basement prices). Although at the close today the stock was down consdierably from yesterday's close.
It is interesting that this is being considered a "merger" with the company that recently bought PlanetOut's publishing interests. Also interesting is talk "suggesting that plans are already afoot to offload the company for a low price within the next four years."
http://www.c21media.net/news/detail.asp?area=4&article=46905
http://finance.yahoo.com/news/PlanetOut-Here-Networks-and-prnews-14011236.html
Let's hope that the new management is smart enough to dump Bill Bain (http://phx.corporate-ir.net/phoenix.zhtml?c=179769&p=irol-govBio&ID=167554), the PlaneOut CTO who has so thoroughly botched the "upgrade" and Eric Wilson (http://phx.corporate-ir.net/phoenix.zhtml?c=179769&p=irol-govBio&ID=153438) who has been the guy feeding us all the bullshit about the upgrade.
1 comment:
If I understand correctly, PlanetOut's policy has been to hire only executives with Ivy League college degrees. This company is proof that education does not inherently mean anything. (And yes, I have a college degree.) I hope they all get fired.
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