8 years ago today

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.

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