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Liquid Audio: Better off dead?

Posted by chrisd on from the well-yeah dept.

mgeneral writes "It seems so for the shareholders. Liquid Audio, had only $150,000 in revenue but managed to lose $5.6 million last quarter. Its main asset: A pile of cash. In fact, so much cash, that if they close the doors, they could pay back the shareholders more per share than the current stockprice...and thats exactly what some investors want them to do." We've run stories on Liquid Audio before...

3 of 172 comments (clear)

  1. They had revenue?! by eddy · · Score: 5, Funny

    They had $150,000 in revenue?! That's insane. What did they do, rent out part of the office?

    --
    Belief is the currency of delusion.
    1. Re:They had revenue?! by Xenopax · · Score: 4, Funny

      Ironically enough, at my old start-up I think renting out office space was 95% of our revenue. I'm serious.

  2. Re:The scoop by mbourgon · · Score: 4, Funny

    In related news, Microsoft has decided to close its doors, saying that Linux does what it does, for free. The xxx$ billion in the bank will go to its shareholders, who have been dumb enough not to insist on dividends, despite the fact that MS has xxx$ billion in cash.

    We wish.

    --
    "Sometimes a woman is a kind of religion, she can save your soul & set you free from all your sins" - Bad Examples