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AOL Lays Off 450 In California

bmarklein writes "AOL has laid off 450 in California. The former Netscape campus is going from 675 employees to 300. The San Francisco office, which they obtained when they acquired Spinner (now Radio@AOL), and which housed Nullsoft after their acquisition by AOL, is being closed along with an office in San Diego. 100 employees have been offered jobs in Virginia or New York. No word on how this affects products like WinAmp. Justin, are you out there?"

91 of 389 comments (clear)

  1. Woah! by Anonymous Coward · · Score: 5, Funny

    That has to be a good .03% of their workforce.

    Slow day already?

    1. Re:Woah! by PipianJ · · Score: 3, Informative

      Actually, it's 2% of their workforce.

    2. Re:Woah! by fuzzix · · Score: 5, Funny

      "OMG d00d LOL!! ur fird!!!11"

      2% of their workforce got this over AIM...

    3. Re:Woah! by Lshmael · · Score: 3, Funny

      Yep, AOL is sufficiently large/bloated to have multiple locations in CA.

      Of course, California is the biggest state. Now if they had multiple locations in, say, Rhode Island...

  2. surprised? by Anonymous Coward · · Score: 4, Interesting

    Hardly a surprise given their sudden lack of enthusiam for non-microsoft products, now they've kissed and made up with Redmond.

    Anyone would wonder if Winamp and Netscape were just tools to help them get their way.

    Go mozilla...

    1. Re:surprised? by rf0 · · Score: 3, Insightful

      Well I wouldn't be surpised if winamp was sold to microsoft and they merged it into media player, or just killed it. As for Netscape commercially it might be dead however mozilla is still going strong

      Rus

    2. Re:surprised? by thales · · Score: 2, Insightful

      "Anyone would wonder if Winamp and Netscape were just tools to help them get their way."

      To an extent they were always bargining chips, but the real change came when the TW people found out that they got screwed in the merger and won a sucessful fight to take control of the company including the former AOL holdings. The people who are now running the AOL holdings are from outside of the software industry, with no experiance of Microsoft's tactics. They just see it as a choice between an alliance with a company that controls 90% of the desktop computers or with a varity of companies that only control 10%. From that viewpoint going with Microsoft sounds like the smart thing to do.

      --
      Quemadmodum gladius neminem occidit, occidentis telum est
    3. Re:surprised? by wawannem · · Score: 4, Insightful

      but the real change came when the TW people found out that they got screwed in the merger

      Why is it that every time someone uses a phrase similar to this one, they get modded up insightful? I am voiding my mod points right now to respond to this uninsightful BS.

      TW was not a clear 'victim' in the merger... So the stock fell... Is that AOL's fault? Everyone's stock has fallen since the late 90s. If you think that the entertainment industry wasn't hit, take a look at the following graphs:
      Disney
      Viacom

      So, just because the stock tumbles, it is AOL's fault? It looks to me that TW stock probably would have fallen just as well... Has anyone ever thought for just a second that maybe AOL was the victim? I mean, didn't TW accept the terms of the merger because they were in debt up to their neck? In fact IIUC, a great deal of AOLTW's current debt is left over from TW pre-merger. So the bubble burst before AOL could pay it down for them, does that make TW a victim (or a bunch of whiners)?

      I have a vested interest in TW, but I don't think AOL bashing does any good. It also seems like this is just another case of people letting the press think for them, and not doing any research on their own.

      One note I will make though, is that the AOL management was inexperienced compared to the TW management, and the company is in good hands now with the previous TW management in charge (Dick Parsons, et al.). But that doesn't mean it was a fight to push AOL mgmt out because AOL screwed TW, I think that the board just saw the value of TW mgmt experience and moved them up the ladder.

    4. Re:surprised? by thales · · Score: 2, Interesting

      When that merger happened I was amazed that the TW management was willing to trade stock that represented the very real assets that TW held for overinflated dot.com shares that had a lot of hype and damn few real assets behind them.

      All stocks went down after the 90s buble burst in 2000, but if AOL had remained independant it would have sunk like a rock instead of dragging AOL/TW even lower than the general decline. You might also note that the bloodletting included dumping TW people that played key roles in that foolish merger.

      None of that affects the key part of my statement that the turn around in how AOL viewed Microsoft came After TW people stagged their revolt and took over management of the AOL holdings.

      --
      Quemadmodum gladius neminem occidit, occidentis telum est
    5. Re:surprised? by zangdesign · · Score: 3, Insightful

      It wasn't just AOL's stock price that screwed TW, though. There were allegations of shaky accounting in both real dollars from advertising revenue and in customer accounting. These things were not apparent at the time of purchase.

      It's more a case of corporate culture clash than anything else. TW had no clue what they were getting into, and neither did AOL, I suspect. I tend to think of it more as an experiment gone horribly, horribly wrong than anything else.

      I have no vested interest in either one, except making sure that I never use an AOL disk again nor allow any of my friends to do so.

      --
      To celebrate the occasion of my 1000th post, I will post no more forever on Slashdot. Goodbye.
    6. Re:surprised? by wawannem · · Score: 3, Insightful

      damn few real assets behind them ?????

      You consider millions, I repeat, MILLIONS of customers damn few real assets?

      Everyone forgets that this is real revenue... AOL has more paying customers than any other ISP on the planet. Last time I checked in the U.S. AOL was kicking the crap out of everyone (broadband providers included). There will be a continuing migration to broadband, but this will take a while. People like to keep their email address, and the mass exodus to broadband is only happening at about a 5% subscriber loss per year. By my math, that means AOL will still have customers for over twenty years. That gives them some time to find a new niche, or a slow death. Neither one has them dying overnight.

      None of that affects the key part of my statement that the turn around in how AOL viewed Microsoft came After TW people stagged their revolt and took over management of the AOL holdings.

      This isn't necessarily true. I work here at AOL and I remember when we started using the Gecko engine in another re-branded version of the AOL client (CompuServe). I was disappointed that we stuck with IE in the AOL client. However, it was asked in an All-Hands why we were suddenly happy with Microsoft. The answer was never clear, but I do remember that this decision came shortly after M$ settled with AOL over an old Netscape lawsuit to the tune of 750 million dollars. Up to that point, I think Netscape and Mozilla were just bargaining chips and backup plans. The TW big-wigs don't run the day-to-day decisions on implementation of technology. In fact they really don't care how we do what we do, just that we get it done. Before the lawsuit was settled, M$ was a foe, afterwards, we wanted to be friends again, which makes sense. The AOL mgmt was smart enough to figure it out on their own.

    7. Re:surprised? by thales · · Score: 3, Informative

      "You consider millions, I repeat, MILLIONS of customers damn few real assets?"

      AOL dosen't OWN those people. A Subscriber list can't compare as an asset to TW's Copyrights to Time Magizine, to Warener studios, to Turner Broadcasting. There is no way in Hell that the AOL subscriber list was equal in value to the very real assets that TW held.

      AOL has always had an attrition problem, of people leaving because they didn't like the service. There are Millions of former AOL subscribers out there. They were able to paper over this retention problem during the big growth phase of the internet when they signed up new customers faster than they lost old ones, but that phase is over.

      AOL juggled the books during the merger to hide that a large part of thier claimed customer base were reciveing AOL for free, either thrugh the inital free offer or through extensions of free service that AOL sales reps gave when people called to cancel after the inital free offer expired. You could get AOL for free for several months just by calling to cancel and a lot of people knew it and took advantage of it by signing up for a new free account as soon as they couldn't get free extensions any more.

      You are assuming that the present decline in AOL subscribers will stay at a static 5%. It won't it will increase as low cost dial ups eat at the subscriber list from below, and the cost of Broad Band access falls and eats at the subscriber list from above.

      AOL also did some creative bookkeeping to make it look like ad revenues were higher than they actually were.

      --
      Quemadmodum gladius neminem occidit, occidentis telum est
    8. Re:surprised? by Malcontent · · Score: 4, Insightful

      "From that viewpoint going with Microsoft sounds like the smart thing to do. "

      An alliance with Microsoft always looks good on paper. It's probably pretty good financially too until the day MS stabs you in the back and takes off with you technology or customers.

      --

      War is necrophilia.

    9. Re:surprised? by wawannem · · Score: 3, Insightful

      Are you just spouting this stuff off? I mean, some of it makes sense, and I acknowledge it when it does, but *so* much of it doesn't.

      A Subscriber list can't compare as an asset to TW's Copyrights to Time Magizine, to Warener studios, to Turner Broadcasting.

      With the exception of Warner Bros. Studios, these companies are based on subscriber base. How can you sell ad space without a large subscriber base? The millions of people AOL reaches through it's service, and the billions it reaches through it's properties (AIM, etc.). Goes further than the subscriber base of Time. The content of these channels is not so valuable, if no one is buying the magazines or watching CNN, which seems to be the case lately at no fault of AOL...

      You are assuming that the present decline in AOL subscribers will stay at a static 5%. It won't it will increase as low cost dial ups eat at the subscriber list from below, and the cost of Broad Band access falls and eats at the subscriber list from above.

      You didn't hear about AOL undercutting these guys did you? AOL will be able to throw their marketing power at their own low-cost ISP, and stem the exodus before it gets out of control. United Online has a small customer base, only a fraction of the total dialup market, broadband is a much formidable foe, especially with SBC/Yahoo! offering broadband at a rate only a few dollars more than standard AOL. But, even if the customer dropoff doesn't stay static, do you really think that everyone will dump AOL all at once? Show me an example of this happening to any subscription based service. AOL has time to find a way to compete with Broadband. If they don't, they will die, there is no doubt about that. What I am saying is that there is time for them to find this competitive product. It ain't over till the fat lady sings ;).

      The doctoring of the books you talk about was only a small percentage of the customer base. We called those accounts 'bicyclers.' We eliminated the bicyclers in '02. And, it didn't affected the books so drastically as you seem to think.

      My point is that AOL has quite a bit of time before they close all the doors. And, my other point was that they didn't 'screw' TW in the merger, and if you still think they did, you have to admit, that it wasn't intentional.

    10. Re:surprised? by thales · · Score: 2, Interesting

      "they didn't 'screw' TW in the merger"

      The Merger rated AOL as being slightly more valuable than TW. There is no way in Hell that AOL was worth more than a fraction of the value of TW at that time. As to who screwed who, that was a joint screwing. Just how much of it was AOL screwing TW stockholders, and how much of it was TW screwing themselves is debatable, but the TW stockholders did get screwed and they blame AOL for the screwing.

      --
      Quemadmodum gladius neminem occidit, occidentis telum est
  3. kinda reminds me by BillFarber · · Score: 4, Funny
    of the old joke...

    Q: What do you call 450 lawyers at the bottom of the ocean?

    A: A good start.

    1. Re:kinda reminds me by Seby123456 · · Score: 2, Funny

      Q: What's the difference between a lawyer and a prostitute? A: A prostitute will stop screwing you when you're dead

  4. Hmm... by hookedup · · Score: 5, Funny


    "What we're doing is actually moving some of our projects into teams in other facilities."

    Sounds to me like winamp will have a distinct bangladesh feel to it next version :)

    1. Re:Hmm... by Digital+Mage · · Score: 5, Funny

      Winamp!....It really whips the elephant's ass!

    2. Re:Hmm... by poot_rootbeer · · Score: 3, Funny

      Sounds to me like winamp will have a distinct bangladesh feel to it next version :)

      Mark my words, if Winamp development ends up being sent overseas, the product will suffer.

      Just watch. Bad design decisions will creep in. They might even go so far as to use an awkward bitmapped interface instead of standard GUI widgets!

      It may even end up being the case where they release a new major version number, and it ends up being so bad that everyone sticks with the previous one instead!

      Oh wait.

    3. Re:Hmm... by BluedemonX · · Score: 3, Funny

      Ever have the feeling this whole thread could just be replaced by a small script, macro or preprocessor directive?

      #include "thank_you_come_again.h"

      #include "indians_are_great_I_work_with_em_here.h"

      #include "taking_all_our_jobs.h"

      #include "youre_fat_and_lazy_and_expensive.h"

      #include "curry_muncher_7_11.h"

      #include "Nazi_accusation.h"

      #include "Godwins_law.h"

      --

      --- Jump!! Fire!! Bullet time!! - Lego version of the Matrix
    4. Re:Hmm... by armyofone · · Score: 2, Informative
      It may even end up being the case where they release a new major version number, and it ends up being so bad that everyone sticks with the previous one instead!
      Or maybe they'll just switch to another player. Foobar is the antithesis of Winamp, WinMP, and their ilk. It's small, simple, and even supports OGG. 10 minutes after installing it, Winamp was yanked off my system & I've never looked back...
      --
      "A revolution without dancing is... a revolution not worth having"
    5. Re:Hmm... by abischof · · Score: 2, Informative

      I just tried Foobar2000 and it's not bad on paper -- it has most of the features that I'm looking for. But, its interface just seems a bit plain for me :-/. So, I think I'll stick with Quintessential Player (which also supports Ogg).

      --

      Alex Bischoff
      HTML/CSS coder for hire

  5. New math? by withak53 · · Score: 5, Funny

    675 - 450 = 300?

    1. Re:New math? by The+Other+White+Boy · · Score: 3, Funny

      riaa cd-burner math?

  6. what about other non aol user features? by inf0c0m · · Score: 2, Interesting

    what about other aol services that non aol people use? aka aol instant messenger, icq, etc etc?

  7. Hope Justin is still employed by Lshmael · · Score: 2, Interesting

    ...especially since the new Winamp is supposed to come out sometime really soon.

    1. Re:Hope Justin is still employed by Hangtime · · Score: 4, Insightful

      Somehow even if AOL was stupid enough to lay him off, I am sure the creator and lead for WinAmp would have NO problem finding employment. In fact, I bet a certain company in Redmond, WA wouldn't have any problem in picking him up.

    2. Re:Hope Justin is still employed by SuperMo0 · · Score: 5, Funny

      In fact, I bet a certain company in Redmond, WA wouldn't have any problem in picking him up.

      NINTENDO OF AMERICA'S GOING TO BUY WINAMP? GASP!

    3. Re:Hope Justin is still employed by SuperMo0 · · Score: 2, Informative

      The logic behind numbering it 5.0 is that it takes the best features of 2.0 (most everything) and 3.0 (the improved music library, dynamic skinning), and Winamp 2 + 3 = Winamp 5.

    4. Re:Hope Justin is still employed by ActiveSX · · Score: 4, Informative

      If I remember correctly, Justin quit Nullsoft a while back. Ah, here's the link.

    5. Re:Hope Justin is still employed by RussGarrett · · Score: 4, Informative

      Both NYTimes and slashdot jumped the gun there, he certainly does still work for AOL. Read his .plan.

    6. Re:Hope Justin is still employed by Barkmullz · · Score: 3, Interesting

      His .plan has a link to a picture of Winamp being used on the space station. woot.

      --
      Ronald said nothing. He flung himself from the room, flung himself upon his horse, and rode madly off in all directions.
  8. Does affect Nullsoft by RussGarrett · · Score: 4, Informative

    Two Nullsoft employees (Brennan and Aus) were yesterday. Winamp will continue though.

    1. Re:Does affect Nullsoft by RussGarrett · · Score: 2, Informative

      Let's try that again. Preview button, pfft.

      Two Nullsoft employees (Brennan and Aus) were laid off yesterday. Winamp will continue though.

    2. Re:Does affect Nullsoft by RussGarrett · · Score: 3, Interesting

      A new version is imminent. Unfortunately AOL are still debating the definition of "imminent" (it's finished, just the actual release is held up for unknown reasons).

    3. Re:Does affect Nullsoft by RussGarrett · · Score: 3, Informative

      Those RCs are very incremental changes. RC6 was of release quality, but Justin keeps improving it while AOL sort out whatever problems they're having. As I said, "imminent" is defined by AOL.

  9. Does AOL have a real buisness model anymore ? by ThomasFlip · · Score: 4, Insightful

    AOL started out in the dial up industry which from what I can tell has gone right down the shitter for them, however they still managed to merger with Time-Warner before they figured out. Now what have they got? Certainly dial up won't get them anywhere, and the broadband service they offer is just a piece of seemingly annoying proprietary software. Where can they go from here ?

    --
    If the dollar is an "I owe you nothing", then the Euro is a "Who owes you nothing." - Doug Casey
    1. Re:Does AOL have a real buisness model anymore ? by IWorkForMorons · · Score: 4, Funny

      and the broadband service they offer is just a piece of seemingly annoying proprietary software.

      If you didn't notice, AOL is the leading provider of seemingly annoying proprietary software, along with Microsoft and SCO...

  10. Reduction in force... by _Pinky_ · · Score: 5, Funny

    So does this mean I can expect a reduction of AOL cds in my mail?

  11. Re:eh by metallikop · · Score: 2

    Looks like he still works at Nullsoft to me, though it doesn't look like he knew that this was coming, or he didn't care: http://www.webdog.org/plans/314/

  12. About the layoffs... by Clay+Mitchell · · Score: 3, Informative

    I heard from a friend who works for AOL - their entire internal support staff is being moved offshore (to india).

    i have no idea if this is the same layoffs though...

    1. Re:About the layoffs... by plexxer · · Score: 2, Funny

      That's okay - I'm used to not understanding anyone I talk to from AOL.

      --
      The government's moral compass is controlled by GPS.
      In times of crises, they alter it to suit their needs.
    2. Re:About the layoffs... by wawannem · · Score: 2, Informative

      I heard from a friend who works for AOL - their entire internal support staff is being moved offshore (to india).

      I actually do work for AOL, and I can clear this up a bit...

      There was an attempt to open *one* Indian call center. The call centers for AOL in America have been very difficult to maintain, they have a 35% churn and this gets costly when you think about it from a maintenance and training perspective. Someone had the idea that maybe we could take advantage of the cheap labor in India (this was before many other organizations moved dev work to India, like in 2000). It didn't garner much press that we were opening a call center there. In fact, one of the guys that works here in my location went to India on a regular basis (three weeks out of every month).

      I don't know when the call center was closed down, but I know that it ended up not working out the way it was planned. So, before everyone gets their panties in a bunch about moving some work to India, remember, that AOL did it before everyone starting griping about it, and when it wasn't working out, they pulled out and pushed the labor back to the US. The jobs that would have been lost pay $8 per hour with little to no benefits (phone tech support).

      On another note, I saw a post above where someone is bashing AOL... He mentions commodity ISP equipment. Now, think about that for a second. Do you really think AOL could run its service off commodity equipment? We are talking about an ISP with over 20 million customers! They had over 35 million during their peak. I'd like to see this bozo run an operation that large with his commodity equipment. Just because you learned the name of some equipment on the tour of your local ISP's server room doesn't mean you'd know how to handle our load ;)

  13. Re:Math by *weasel · · Score: 3, Informative

    675 is the number of employees at the netscape campus that is being reduced to 300. == -375 jobs

    as you point out. but that is only 1 of the 3 california offices being hit with layoffs in California. 450 refers to the number of total jobs lost in the entire state.

    This leaves the balance of the 450 lost jobs (the 75 missing from the nestcape-alone tally) to come from the number of non-re-located employees from the sanfran complex (housing spinner and nullsoft), and the san diego offices.

    --
    // "Can't clowns and pirates just -try- to get along?"
  14. What These People Heard On Logging In by Spencerian · · Score: 4, Funny

    Hello!
    You got laid off!
    Goodbye.
    %$##@!

    --
    Vos teneo officium eram periculosus ut vos recipero is.
  15. Re:AOL Winamp by mccalli · · Score: 5, Insightful
    I remember the glory days of NS, back before IE was even a player on the market.

    So do I. I remember people talking about them being "the next Microsoft", and not in a flattering sense. I remember the incompatible tags they introduced. I remember the appalling mess of Netscape 4 and CSS.

    And then there was the <blink> tag...

    I can remember distinctly when I switched to IE, and at the time it was because IE was better, not because Microsoft forced me to. I can also remember switching back to Mozilla (and then Firebird), again because the browser was better.

    I would argue that the glory days of Netscape stopped at Netscpe 3, took a break and restarted in the present time due to Mozilla. I'm not certain now what percentage of Mozilla developers are ex-Netscape, but I imagine it's still high enough to be called Netscape-in-another-form.

    Cheers,
    Ian

  16. Re:AOL Winamp by AKnightCowboy · · Score: 3, Insightful
    AOL acquired Nullsoft? Yay. Now I can look forward to my music client being plastered with icon smilies and have it crash whenever I play a malformed MP3.

    AOL acquired Nullsoft a long time ago. Well before their version 3 release... which coincidently is said to be their worst release ever. Hmmm. Maybe you have a point.

  17. Welcome! by Gothic_Walrus · · Score: 4, Funny

    You've got a pink slip!

    --
    Goo goo g'joob.
  18. foobar2000 by Czernobog · · Score: 2, Informative

    It has all the features WinAmp2 has, minus quite a few :-)
    Seriously, though, it's awesome.Has replaced all audio playback players I've had/used.

    --
    /. Where the truth
  19. No not really... by emo+boy · · Score: 3, Funny

    No actually it's an increase that's coming in the future. They've actually laid off a brewing anti-"cd shipping" group within the company that was distributing propaganda to eliminate the cd's that we enjoy getting in the mail. Thank God they shut these guys down. Now I can finish building my house of CDs...egg-cellent.

  20. Tis the Christmas Season by demigod · · Score: 3, Interesting

    Tis the Christmas Season, I got my notice yesterday,
    though I don't/didn't work for AOL.

    That drops our ratio of UNIX admins to UNIX servers
    from 1/200 to 1/400.

    --
    "The last thing I want to do is deal with a bunch of people who want something."
    Major Major
  21. ho, ho, ho by twitter · · Score: 5, Insightful
    Merry Christmas!

    Oh well, it can be worse. You could get ranked and yanked, like I did. When that happens, they paper your file, rake you over the coals for a few months and fire you individually. It looks great. In my case, my supervisor made sure he nailed me on my birthday. Another great and integral part of rank and yank is bonus incentives for those not fired. The company was talking about bonuses as high as 15%, knowing they could split the salaries of the people they planned to fire. It's strange how no one but supervisors were excited about that.

    Look forward to getting the usual communist propaganda from the company by mail for a while. The idiots in HR sent me a big fat glossy book, personalized with my own numbers, about what great benefits the company has for it's employees. The only thing they missed in the personalization was the fact that I was fired. How sofisticated, the company really loves me.

    My company was big, but Time/Warner is much bigger. I wonder if the Netscape people are going to have it that much worse than I did. Nah, it's hard to get worse than fired, no matter how the jack-asses dress it up.

    Welcome to the great suck that is the "recovery". I've been out of real work for more than a year. I'm not really happy to have lots of company.

    --

    Friends don't help friends install M$ junk.

    1. Re:ho, ho, ho by JeffFurry · · Score: 2, Funny
      twitter wrote:
      Look forward to getting the usual communist propaganda from the company by mail for a while.
      Having recently been 'downsized' as well, and seeing all the outsourcing, offshoring, and dissolving of jobs, I have to point out that it's CAPITALIST propaganda. They're doing it for the money. Executive/management money, and shareholder money. It lets them keep the cost down, which keeps the profit up, and more profit means more money for them!

      That's the way that corporate america works. Management is #1, shareholders are #2, customers and employees are a necessary evil, and should be disposed of as soon as possible.

  22. No suprise by Lipongo · · Score: 3, Insightful

    I for one was expecting this. Considering that earlier in the year AOL Time Warner decided to change its name back to just Time Warner. It is common knowledge that they have been losing thier clients to other ISP services like MSN and Comcast. When your user base shrinks the company must as well to keep from losing to much money on having to large of a workforce for thier userbase.

    --
    -Certified TechnoWeinie
  23. Winamp 5 pwns Winamp 3 by SuperMo0 · · Score: 2, Informative

    From what I heard AOL rushed out the release of Winamp 3, which is why it was such a piece of shit. But the Winamp 5 Beta RC 10 seems to have combined the few redeeming features of Winamp 3 with the functionality and non memory whoringness of Winamp 2....while being compatible with plugins and skins from both versions.

  24. Re:AOL Winamp/Netscape by eibhear · · Score: 4, Insightful
    I remember the glory days of NS, back before IE was even a player on the market.

    So do I. Though only as an event in history. Netscape Communicator is gone. Dead. Arising from its ashes, however, is a top class browser that leaves netscape communicator and internet explorer coughing in its dust. Let go of netscape. AOL had no problem doing so.

    ibhear

  25. No, no, no, by Anonymous Coward · · Score: 3, Funny

    It's: Winamp, it is really whipping the elephant's ass!

    1. Re:No, no, no, by JudgeFurious · · Score: 2, Funny

      ....and Thank You Please for Coming Again!

      --
      Appended to the end of comments you post. 120 chars.
  26. oh tell me tell me tell me by segment · · Score: 3, Funny

    Somebody tell me that little icon fscker running man was included in those layoffs, and also will some of their users be laid off ...

    source http://www.antioffline.com/aolstory.html

    Confident with the US government's standing on its purchases, AOL announced today they will purchase themselves in a hostile takeover move in an effort to ensure they don't compete with themselves.

    Time Warner an AOL subsidiary backed AOL's decision with the company's spokesperson stating "We as a company are please to announce that customers will have the ability to choose between AOL and the new line of products titled XAOL which simply translates to eXtended AOL which will feature more robust happy face icons with a slightly higher 102 megabyte overhead of icons and sounds.

    "In addition we are now ceasing the abilities of hackers by bundling XAOL with the latest in our very own firewall which features will include packet filtering, AOHell punters for our chatters, and SpamGod v.1 for our users who send bulk mail."

    As for the takeover plans include an overhaul of the technical support group which will now have mandatory classes at Romper Room and a new set of AOL for Dummies, Internet for Idiots in 21 days for Dummies, and The Internet Who'd of Thunk it, books in order to facilitate their skills.

    "Customers will also have new screen names to keep up to date with the changes of the net, so a user named billybob will have all aliases associated with that name to keep AOL as hip as ever. BiLLyBoB, xXxBiLLyBoBxXx, b1llyb0b, are some of the combinations available at this time." states Justin Case CTO Operations.

    Along with these added new functionalities in AOL, monopolies will be built around Time Warner's existing empire and the entire cast of the WB's popular will fill chat rooms from 6-9pm and the cast of Buffy the Vampire Slayer will also join popular chatroom channels such as DesperateAndDumbHousewives.

    Investors are delighted to this deal and are pouring millions of dollars into this new venture in hopes of someday being able to interpret anything related to technology. "As long as its on the Internet it must be profitable, so we filled out portfolios and dumped our life savings into this wonderful idea."

    Phil McGroin analyst Meryll Lurch

  27. Winamp 3 shelved by Mr_Silver · · Score: 5, Informative
    Interesting quote from Russ on the winamp forum:
    How about "never". The official line is that Winamp3 development is now stopped. Shelved. At least temporarily. And here I am sitting here trying to look optimistic. It's not "soon" any more, it's "maybe".

    The golden rule of customer service is: Give the customer what they want. The customer didn't want Winamp3, that much is clear. The customer didn't care about the most powerful API this side of, well, anything. They didn't care about platform independence. The average Winamp user is only vaguely aware of what Linux is, let alone how to use it. Much less than 1% of Winamp users want Linux support.

    Find it here.

    Personally I don't want Winamp 3 because every version I tried was horribly unstable and I had to end up uninstalling it. The only really cool thing about it was the media library and that ended up in 2.x. So, I never saw any need to migrate.

    --
    Avantslash - View Slashdot cleanly on your mobile phone.
    1. Re:Winamp 3 shelved by RussGarrett · · Score: 5, Informative

      Hmm, that'd be me. Being rather melodramatic.

      I was rather more optimistic about things until yesterday. Most of Winamp3 is now open-sourced (except the skinning and scripting engine), and there are people working on a fully open-source version of Winamp3, now known as wasabi.player (and much improved since the old, old release which is still on the winamp.com frontpage).

    2. Re:Winamp 3 shelved by SuperMo0 · · Score: 2, Interesting

      My problem with Winamp3 was that for the longest time, it would pop up 6 or 7 error boxes that I'd haev to click OK on to get it to work. That and it was a total memory whore.

    3. Re:Winamp 3 shelved by lennart78 · · Score: 4, Interesting

      In the past I've seen some pretty neat things that could be done within winamp(2) visualisation. Somebody even managed to program a 3d-rendered asteroids game in it. It's not really usefull, but it warms my geek-heart to see a product with such versatility.

      However: the bottom line is: I've always regarded winamp as a software mp3-player. And when I double-click an mp3, I want to hear it instantly, and not wait around for something like 10 seconds on a PC with recent hard and software for the music to start.

      It's cool if it's got lot's of features, but it should at least do that for which it was designed/intended. Winamp3 failed it, so I switched to an alternative, and many more with me for as far as I know. Complies with the qoute above it seems...
      Too bad for winamp. Really liked it so far...

  28. America Online - Moving to India.. no F'n way by cybrthng · · Score: 2, Interesting

    For real.. Show you "buy american" spirit and protest or cancel your accounts or get your family switched off aol.

    Doesn't is PISS YOU OFF that not only are these workers being layed off and jobs being transfered out of america, but they continue to jack up prices, restrict service and push cheasy upgrades as major features. On top of that, how can any company keep the word AMERICA in its title and start transfering jobs overseas.

    The ISP land is already a joke. You can pickup AS5200's, Ascend Maxen and other terminal servers with high port densities for pennies on the dollar.. i know it certainly isn't IT expenses infringing on profits..

    Why don't they quit spending out millions of wastefull cd's and pushing stupid commercials..

    Is america litterly going to shop itself out of existance with a blind eye towards supporting our own economy and local jobs?

    1. Re:America Online - Moving to India.. no F'n way by IWorkForMorons · · Score: 4, Insightful

      The napkin makers got over it. So should you.

      The problem with your analogy is that the napkin makers still get paid. McDonald's pays napkin makers so that a McDonald's customers can have free napkins. And more likely then compared to textiles and gasoline, napkins are probably made in America, which puts money back into Americans pockets.

      The main issue with more and more industries going overseas for workers is that less money is being given to the American public, yet people are still in the constant-consuming mindset. And they are going into debt over it, so that they can have that nice car and the big projection TV and the cell phone. Just like all the commercials tell them they deserve.

      Although the tech industry has really brought this upon themselves during the boom. I recently read an article (saw the link on Fark, too lazy to look it up) about a guy who started a consultant company. While looking for workers he decided to try something novel (to him and most tech workers it seems, but not to someone like me who's lived this). He decided to offer positions for the same wages that Indian programmers are offered: $45,000 a year. Being a Canadian who hasn't bothered with looking for work in the US, I was personally shocked by this. If the only reason US tech workers aren't finding jobs is because no one is willing to offer a good wage (not extraordinary, buy-me-a-Lexus-and-an-SUV kind of wages, but good enough to live modestly), then I feel no pity for companies at all. The guy who offered those wages was flooded with resumes. People are obviously willing to work, despite not having the huge paychecks. But they have to be given the chance. Companies have to realise the value of hiring locally at fair wages.

      Now as for textiles...everyone but the main "Promotional" companies (i.e. Nike, etc) is getting screwed on that deal. People really should be upset over that entire industry...

    2. Re:America Online - Moving to India.. no F'n way by RevAaron · · Score: 2, Insightful

      That's global capitalism for you. National or ethnic loyalties disapear in the interests of infinite growth. A stagnant business in a capitalist economy is a dead one; even if it is pulling in huge profits- if it isn't growing it's dead. Like a shark, which moves just to stay alive. More and more businesses will be pulling more and more off-shore stunts- after all, when they have a market saturated you have to find new profits, new growth somewhere.

      Global capitalism and corporate wellfare are a very bad combo for everyone else but the stockholders.

      There has got to be a better way.

      --

      Working toward a usable PDA environment in the spirit of Newton OS: Dynapad
    3. Re:America Online - Moving to India.. no F'n way by los+furtive · · Score: 5, Interesting
      You got it right on the nose! "Buy American" crap is just racist protectionism. When a job goes to India, it still goes to a human being, and one who currently doesn't get to live the bloated American lifestyle. If Americans (in general) didn't have the need to lead such bloated lifestyles, they could get by on a lower salary, which would allow the company to keep its employees in its own country.

      Jobs going overseas allows other people a chance to own houses, computers, cars and televisions, but more importantly allows more tax money to go back into their own economy, which is then reinvested so that water can be treated and delivered to where it is needed, infrastructure put in place for better markets, better medical aid, better roads. "Buy American" is a great ideal, but it's far far from the trade deficite truth Americans live in. unless Americans are willing to do the same work for a lot less, it's not going to change, and that won't happen until Americans curb their appetites for just about everything. Mark my words, unless there is some incredible breakthrough in technology, the excess we currently live in wont last much longer, or will become available to fewer and fewer people, as the dichotomy of classes increase.

      As a side note to my second paragraph, I wonder if its accidental that the US arms race, as well as its pressure on other countries to increase their military might, is not just to make sure that less money goes into infrastructure that would make those countries a better place. But thats a whole other ball of wax.

      --

      I'm a writer, a poet, a genius, I know it. I don't buy software, I grow it.

    4. Re:America Online - Moving to India.. no F'n way by BluedemonX · · Score: 2, Interesting

      You know, there's part of me that just shakes his head and chuckles at the whole thing. They no longer BUILD anything, and now they want to get out of the business of DESIGNING things, they just want to employ about four rich fat cats to MARKET and CEO the damn things.

      Yet, at the same time, they're sending their militaries all over the place to stomp people and assert American testosterological might.

      However, I see a parallel to all this. Any of you seen Gone With the Wind? The part where the Southern gentlemen just come to learn that the Yankees want to take their mint-juleps-on-the-porch-while-the-slaves-work lifestyle away from em and vow to fight? And Rhett "Common Sense" Butler says, simply, "dudes, you have no armouries, no cannon-making forges, no mining, no resources except for cotton and slaves. You import everything like that from the North. And they'll stop selling it to you the moment war is declared. This is a fool's game." And the Southerners refuse to listen and get slaughtered.

      Well, fast forward thirty years. The North is China. The South is the CEO class. The slaves are the poor hillbilly remnants of the once prosperous middle class. And when China makes a move that the USA CEO class finally is uncomfortable with, they'll find out too late that the modern equivalent of cotton and slaves, marketing and entertainment, can't be used to eat, build, heal or fight with.

      --

      --- Jump!! Fire!! Bullet time!! - Lego version of the Matrix
    5. Re:America Online - Moving to India.. no F'n way by zbuffered · · Score: 3, Insightful

      It's also the iPod, the mac, and the PS2. And the TV, and the games for #2 and #3, and the music CDs, and the 2x a week you drop $60 on dinner for you and your SO, and insurance for your car/apt/health/life/cat, and TAXES.

      It's not just the car, although that's a good percentage of it. It's the American lifestyle. It's a trap. Don't fall for it. If you work for a living, you become a slave. Not to the company you work for, you become a slave to your paycheck. It's tempting to spend your paycheck on all these little niceties, but if you spend that paycheck tomorrow, you'll be spending your paycheck for the rest of your life. If you do, then that's fine, but recognize that some people make ends meet with far less money. It's a lifestyle thing though. If you're stuck in it, and you're not happy, then change.

      If you want to spend less money, itemize everything you pay money for in a month, and realize that you could ELIMINATE 95% of it if you absolutely had to. People do. Not that you should, but you could. And if you did, even for a couple of months, you'd probably realize that it's not too bad, and that if you're going to spend your life working, you'd better have something more to show for it than enough money for an iPod and to pay the bills. Because if that's all you have, then WTF are you doing it all for?

      I suspect it's because you don't know another way. It's the American lifestyle. It's a trap.

      There are other ways.

      .

      And as for the subway system, there are plenty of cities in America that are perfectly accessible by bicycle and bus (you can put your bike on the bus, you know). Or if you live too far from work, buy a scooter, pay $20/year for liability insurance, and enjoy the 60MPG you get. Parking's easy too.

      --
      Synergy is your friend
  29. Let the comedy stylings commence! by Channard · · Score: 3, Funny
    Cue the inevitable gags -

    'You've got dole!'

    'You've got a P45.'

    'You've got food stamps!'

    . Any more? I suspect said ex-employees will be finding out if you can build a house out of AOL cds.

  30. identities by themusicgod1 · · Score: 2, Insightful

    that's what being anonymous on the net is all about.

    IHATEAOL69 and AOLSUCKSCOCK3 could join the xmms team, and so long as they stayed that way, i don't think anyone would care, as long as the software worked.

    --
    GENERATION 26: The first time you see this, copy it into your sig on any forum and add 1 to the generation.
  31. Re:Math by SharkJumper · · Score: 2, Funny

    It comes from the same place as those 1500 free hours that you have to use within 60 days.

    SharkJumper

  32. Arizona Sites Also... by malelder · · Score: 3, Informative

    They have also layed off people at their Tucson, Arizona support site...so that should be up to about 2.2% of their work force. So you AOL'ers have a longer wait time on hold for your 7 minutes of support now (;

    --


    Yuma, AZ...You will never find a more wretched hive of scum and villainy. We must be cautious.
  33. Justin has been gone for a while by John+Harrison · · Score: 2, Interesting

    Didn't Justin leave several months ago? Slashdot says he did!

    1. Re:Justin has been gone for a while by puck71 · · Score: 2, Informative

      Well, he's still around for now. http://www.winamp.com/team/finger.jhtml?who=Justin : "June 21 2003 @ 12:10pm Been back for a while now, got all the work stuff sorted out. I'm at least content now to get Winamp 5 out, we'll see how it all goes from there."

  34. severance Package by pvt_medic · · Score: 3, Funny

    I hope that their layoff comes with a nice deal, like maybe getting an AOL CD in the mail.

    --
    30% Troll, 50% Underrated, 10% Interesting
    Score:5, Troll
  35. Re:shit head. by kiwimate · · Score: 5, Insightful

    Oh grow up. You're putting words into my mouth that are utterly without basis from what I posted. I think any job loss is bad news, and 450 is really distressing. I've been in situations where I've put my shirt on the line for a company I believed in and, in some cases, just wriggled through, and, in other cases, paid the price with my job. And, hey, guess what? In one of those cases I was the sole programmer at a company that ended up struggling and decided to cut me loose first.

    If you read my direct quotation of the 2% figure as being somehow trivializing, then you're deliberately trying to spin it. 2% of a company's workforce is, to me, fairly substantial. Getting rid of innovative people such as the undisputedly talented programmers under discussion here is a very real and serious action.

    Looking at your other post on this topic, it looks like you've got a chip on your shoulder, but it's certainly justifiable. Unlike you, I'm not going to wish you ill or gloat, because I've been there and know how much it sucks, and it's just not worth it to spread the bitterness. I really do hope you find a job soon.

  36. AOL broadband. by Cyno01 · · Score: 2, Informative

    Your exatly right. Around here its a standard roadrunner connection and has all the crap expected from dialup aol, thier software, startpages, 'content' etc. Oh, and it costs $10 more a month than standard roadrunner.

    --
    "Sic Semper Tyrannosaurus Rex."
  37. Ah, sensative HR departments by MadAnthony02 · · Score: 4, Interesting

    The idiots in HR sent me a big fat glossy book, personalized with my own numbers, about what great benefits the company has for it's employees. The only thing they missed in the personalization was the fact that I was fired. How sofisticated, the company really loves me.

    That sounds sadly typical of the people who work in HR departments. A few years ago, my mom was laid off from an insurance company after they decided to close the office she worked at. Several days later, they called her at home to do an exit interview, and one of the questions they asked was "why did you leave this position?" - which made her start crying.

    Come to think of it, this was just after Christmas - I was home at the time on Christmas break from college. The timing may have been more a fiscal calender that conincided with the calender year, but it still seemed kind of harsh.

  38. What the people who fired you did. by twitter · · Score: 2, Interesting
    This just in - the power lunch is back. A close example from that article:

    Over at the Four Seasons, events of some significance are on the menu along with the white truffle risotto ($130 for an appetizer portion) and grilled dorade. On Nov. 20, Edgar Bronfman Jr. and Roger Ames spent a good long while chatting amiably with heads bent toward each other while other captains of industry, including Ronald O. Perelman, Steven Rattner and Ronald S. Lauder, casually took in the significance of the pairing. A few days later, Warner Music, of which Mr. Ames is chairman, was sold to a group headed by Mr. Bronfman for $2.6 billion, which sort of puts the price of risotto in perspective.

    Oh yeah, that's real good perspective. People who think a $1,000 lunch is a reasonable business expesnse think shit - canning programmers is a good idea. The article goes on to predict good economic times. Ugh.

    --

    Friends don't help friends install M$ junk.

  39. This is a good thing... by KaiserZoze_860 · · Score: 2, Interesting

    I know your gut reaction (and that of those directly effected by the cuts) is that this is a travesty of justice and that AOL should burn in hell (and it should along with that ridiculous yellow d00d).

    There is a sunny side to this. Think of all the talent that has been freed into the California landscape... All of those coders, with nothing but time on their hands (in between job searches)...

    I think we can expect to see some interesting and potentially ground breaking start-ups to appear come June/July when they've all given up trying to join a big company. Isn't that how we got from 16mHz machines only good for word processing to the current state of internet, gaming rigs, media servers and TiVo's in the first place?

    To those who are unfortunately out of the job, please keep your talents current. By all means, discuss the idea you had in the shower this morning for that great new piece of software/hardware with your best friend over a beer. Put a desk in your garage and start typing. Give the tech power so horribly mismanaged by corporate America (online) back where it belongs: with the geeks.

    --KS--

  40. Re:Winamp's Time is Over by Will+Fisher · · Score: 2, Informative

    Winamp 5 is nearing release, and these layoffs (as regrettable as they are) will not effect the Winamp 5 release.

    The nullsoft members who were laid off were working on streaming media.

    I believe that with the advent of winamp pro (for full speed cd ripping and burning and mp3 encoding) which will cost a small amount of $. We will see winamp having a steady revenue stream that will hopefully keep the core winamp team safe.

  41. Re:AOL Winamp by DrXym · · Score: 2, Insightful
    Nullsoft has been owned by AOL for three years now and isn't that branded. In fact AOL has been traditionally tried to forge separate identities for all of its acquisitions - think of Compuserve, Netscape, Mapquest, Nullsoft, Moviefone, DigitalCity etc. While there might be an AOL logo, link or icon here or there, but they pretty much retained their own distinct look and feel.

    Unfortunately, AOL has gone down the pan and perhaps this distinction now works against them. Perhaps management doesn't feel the same guilt from slashing jobs when they're not technically AOL jobs.

    For example, what do you do if you're using a proprietary, obsolete, closed source, single platform browser made by your main competitor but your Netscape division has developed an open source, standards compliant browser, capable of embedding in any app on any platform? Answer - sack all the Netscape developers of course! Why? Who knows, but I bet it boiled down to "not invented here" syndrome - IE is comfortable straitjacket, which Gecko is some scary 'open source' thing. AOL has become institutionalized.

    I bet some management / marketing idiots fretted over the minor flux of replacing IE with the slightly scary Gecko and scuppered it. Apparantly AOL thinks letting your main competitor control your content delivery mechanism is good business, not sheer stupidity.

    Nullsoft is another example of AOL stupidity. What do you do when you own one of the most popular media players on the market? Why, licence all your streaming content and players from Real of course! And for good measure, sign deals with Apple to sell your own music from their store when you've had the chance to sell direct using WinAmp via its minibrowser for three years.

    In summary, there are some very dim bulbs in AOL.

  42. AOL is not in bed with Microsoft... by The+Lynxpro · · Score: 3, Interesting

    If anything, AOL Time Warner sued Microsoft. Sure, AOL shouldn't have settled their antitrust case, but large institutional shareholders have been pressuring the board to start cutting costs and reducing debt (kinda funny how AOL Time Warner has $25 billion in debt and shareholders are complaining yet Comcast has a debt of $30 + billion and its JUST a cable company) and they didn't have the stomach to continue fighting Microsoft which probably would've lasted in court another 5 years. So instead of winning a $10 billion case, having the damages trippled to $30 billion and then having to fight Microsoft on appeals for several more years, AOL Time Warner took the $750 million settlement and "promised" to look at Microsoft's Windows Media technology.

    Since then, AOL has been aligning itself with Apple. Instead of using WMA files, AOL has been shifting to support the iTunes Music Store. Big loss for MSN. Sure, AOL has been cutting out Mozilla development, but they haven't snuggled up to Microsoft either. I would be willing to bet that AOL Time Warner was embarassed to fund Mozilla once Apple brought Safari to market (I'd bet money AOL would offer a Windows-based "Safari" if Apple made an official port). Check out that AOL PC. AOL is rebundling Star Office as "AOL Office." That's not exactly endearing themselves to Microsoft. AOL also gave lipservice in the settlement to AIM/MSN interoperability, but nothing has happened on that account (I'd expect to see AIM/Yahoo Messenger interoperability before that). AIM is now available on all the major mobile phone services in the U.S. (Cingular just signed on).

    So where exactly is the so-called Microsoft-love? AOL is still fighting Microsoft, although it is more special ops style than overt displays. And if AOL cuts Nullsoft, it isn't because of Microsoft, its because of Apple's iTunes... After all, Steve Jobs pretty much praised AOL in that interview with Rolling Stone, plus anyone with a Mac with Safari as their browser knows that the Netscape/Apple webpage is the default homepage for nothing...

    ps. Oh, I completely forgot about AOL and Apple's cozy relationship with iChat...hmmm...

    --
    "Right now, somewhere in this world, Scott Baio is plowing a woman he doesn't love," - Peter Griffin, *Family Guy*
  43. Re:Cost of living by Overzeetop · · Score: 3, Insightful

    You've touched on a big beef of mine. Bay area housing at $250-$400/SF and up is not substantially different than Roanoke, Virginia housing at $100/SF, except you get more land under the building.

    I bought 8 acres of hillside with a view that even God would be envious of for about 50k. Sure, it's ten miles outside of Blackburg (Virginia Tech), but that's not too far to drive. I even have DSL and CableTV (though I get my video via DirecTV).

    I started a company that relies on the building industry, so I have to be somewhat close to civilization, and I'll be generating real income in under a year...starting from scratch.

    Why is it that high tech firms believe that they must locate in big, expensive cities? How many of your programmers have to make face-to-face visits with clients on a weekly basis? You could just as easily move to Newport, Pembroke, or Pearisburg, VA and set up shop for nickles on the dollar. Would people have to relocate? Probably. Can you live on $45k? Comfortably. And you'll know your neighbors, and everybody will wave to you when they see you. Go to www.gilescounty.org, call up Chris McKlarney and he'll set you up. He's got space for new businesses that's just now coming online.

    Me? I rent space in an historic building downtown for under $5/SF. 768kADSL to my business runs $44/mo. Electricity is $0.05/kWh. VaTech is right down the road - good for interns and p/t workers, plus the research library and all the attractions of a big state campus.

    Locating a non-geographically sensitive business in a big city is about as smart as equiping an accounting firm with Aeron chairs, solid mahogony furniture, G5s with 23" 16:9 LCDs, and a couple of DS3s. Sure it looks nice, but it's ego-fluff that will likely kill the business financially before it ever has a chance.

    --
    Is it just my observation, or are there way too many stupid people in the world?
  44. another correction. by twitter · · Score: 2, Insightful
    job losses were never blamed on communism (since socialist entites are "inefficient" and keep people around). Now it seems job losses are fair game.

    inefficient == less than full capacity. Central planning wastes resources that people would otherwise exploit as they pleased. The net result is a lower standard of living and under-employment. It's generally for the benefit of those in power under both systems too.

    Music is a good example of market consolidation resemeling a socialist state. The FCC decides who can broadcast and collects lots of money. The big music companies decide who they will promote and collect lots of money. People who could promote alternate acts are locked out and musicians end up doing anything else for a living because music does not pay, even for best selling artists. So the whole structure of restrictions is really supporting the FCC and RIAA. It can be argued that musicians would be better off, ie employed, in a system that was free.

    Don't worry, I was fired.

    --

    Friends don't help friends install M$ junk.

  45. Justin's busy by TheLittleJetson · · Score: 2, Funny

    doing lines off a supermodel's chest. rich/lucky bastard. :-P

  46. Incredible by kortex · · Score: 3, Interesting

    In my snail mail. AOL 9.0 in a tin box. I wonder how much they spent on these tin boxes. I also wonder if it was worth the jobs of 450 people. The idiocy of some corporations new cease to amaze me.

    --
    -- kortex "Not everything that counts can be counted, and not everything that can be counted counts"
  47. The Mountain View campus is already empty by EvilStein · · Score: 3, Interesting

    That's where I used to work. 475 Ellis St. Now I work at NASA, literally down the street from the Netscape/AOL campus.

    AOL took the "Netscape" logo OFF of the signs facing the street. The Netscape flag is gone. The parking lots are almost always empty and there are several "FOR LEASE" signs dotting the campus.

    Meanwhile, the *old* Netscape building houses Verisign and the old Netscape fountain has the %$#@! Verisign logo on it.

    It's really sad and depressing.

  48. Re:Soon, all the Jim Clark companies will be gone by appleLaserWriter · · Score: 2, Insightful

    Healtheon is gone.

    Turned into WebMD

    SGI is dying.

    Microsoft bought much of their relevant IP so they could ship the XBox, royalty-free. Nintendo, NVidia and ATI got their Engineers. Tera got Cray.

    We need much longer holding periods for insiders

    Clark is famous for, among other things, writing some of the most favorable deals with VCs ever. He keeps a large share of the company and holds it for a long time. This reduces marke liquidity and makes it more difficult for outsiders to participate in his companies. If anything, Clark's problem was holding his shares for too long, creating fragile, monolithic companies.

    Presently, the economy is recovering from the Enron and Worldcom accounting scandals. It is difficult to turn a good idea into $$$ when there is little consensus as to how the new accounting rules should be interpreted to successfully create new wealth.

    Until then, expect to see some growth in international companies listing ADS/ADR on US exchanges. It will be a few more years before we see rapid American tech growth.