Re: 8 years ago today

On Fri, 1 Apr 2005 12:11:02 -0500, "rkusenet" <usenet.rk@gmail.com> wrote: >Today eight years ago a cruel April Fool Joke was played by >Informix when it announced that it will fall short of earnings >in Q1 1997 by $100 million. The stock tanked to less than $10 >on that day. The company never recovered from the day. It >was a classic case of self destruction. > >http://en.wikipedia.org/wiki/Informix > >Misgovernance >Failures in marketing and an unfortunate leadership in corporate misgovernance overshadowed >Informix's technical successes. On April 1, 1997, Informix had to announce that revenues >fall short of expectations by $100 million. In retrospect, the day before this incident may >have marked the peak of Informix's success as a company. While it continued to advance its >technology, the churn in management that followed the ouster of the CEO in 1997 meant the >company never recovered the momentum that its success with Version 7.x established. Your point is ???? JWC