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Last Great Internet Bubble Auction
jlouderb writes "At least that's what they are calling it. Cowan Alexander is getting ready to auction off the assets of MP3.com (now owned by CNet) on March 10th and 11th. The items up for sale include lots of those dumb Herman Miller Aeron chairs that were so popular, along with servers and notebooks that are probably hopelessly out of date. The best part, though -- a 1997 yellow hummer and a 1994 "Fat Boy" Harley. Plus, they've got pictures!"
A company with that much crap with no revenues totally deserves to die. I hope the founders are in jail right now. Although they probably aren't Well then I hope they're bankrupt. But again they're probably on a beach somewhere getting a tan while earning interest on their ill gotten gains...
MP3.com never bought any Hummers or Harleys while I was the CEO which was from inception to selling to Vivendi. I believe what you're seeing is assets from ALL the Vivendi digital music companies lumped together - not just MP3.com.
As for the fitness equipment, MP3.com did buy that. It actually makes sense because it's a one time expense to buy fitness equipment instead of providing employee fitness memberships since that was industry practice back in 1999. Also, due to ridiculous parking restrictions, we couldn't even fill the buildings with people because we couldn't get city to give us places to park cars. (It's their way of "managing" traffic and growth.) So we ended up with a ton of extra space that people can't sit in. Putting in fitness equipment made economic sense and made for healthier employees too. Plus we had a punching bag to take out your frustrations with the state of the digital music business...
Michael Robertson
Former CEO, MP3.com
I'm sure the original Hummer was a hella good vehicle. But do all the suburbanites really need a Hummer (whether or not its shitty)? These are folks who drive from their home to the office with the occasional side-trip to Safeway.
Everyone talks about the war being all about oil but nobody talks about America's dependence on foreign oil combined with the current trend stupidly big yuppie-mobiles.
Be happy. Nothing else matters.