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corporate buzz

Four More Years?

Washington Post: Manugistics Fires Its President. Manugistics Group Inc. disclosed yesterday that it fired its president, as the maker of business software tries to reverse slipping sales, rising costs and a falling stock price. Jeremy Coote, who primarily ran sales and marketing for the Rockville company, was terminated last week and will leave today, according to a company filing with the Securities and Exchange Commission.

Well, this president won’t be getting four more years. There’s more. “Executives, through a spokeswoman, said they were constrained in commenting by a quiet period before releasing the company’s upcoming earnings.” They may be constrained from commenting, but firing the President before releasing earnings tells me all I need to know. The upcoming announcement won’t be a pretty one. I’ve posted Jeremy Coote’s employment agreement on the web site along with other Manugistics contracts.

Categories
corporate buzz

And the Red Envelope Please…

New York Times: Alternative Slate Rejected at RedEnvelope Shareholders of RedEnvelope.com, an online gift catalog, sided with management yesterday and voted to reject a slate of directors proposed by the company’s co-founder.

Founders fighting with VCs for control of the company. Where have I heard that one before? Anyways, I’ve posted RedEnvlope contracts on the web site.

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corporate buzz

Counting Imaginary Beans

SF Gate: Ex-Cylink CFO Charged with Securities Fraud. The former chief financial officer of Cylink Corp. of Santa Clara was charged in federal court on Monday for his role in allegedly overstating the company’s revenue by millions of dollars.

I’ve posted Cylink contracts on the web site. A lot of employment contracts, but none involving the ex-CFO.

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corporate buzz

Beam Me Some Tunes, Scotty

USA Today: Homegrown Satellite Radio Software Draws XM Fire. Catching Blondie’s reunion tour broadcast at 4 in the morning wasn’t an option for XM satellite radio subscriber and single father Scott MacLean. So the 35-year-old computer programmer from Ottawa, Ontario, wrote a piece of software that let him record the show directly onto his PC hard drive while he snoozed.

Will the RIAA go after people who copy music from the radio – satellite or otherwise? I’ve posted XM Satellite contracts on the web site. You can also find Sirius Satellite Radio contracts as well as ARTISTdirect contracts.

Categories
corporate buzz

Armor Plated Contracts

Reuters: Armor Holdings Wins Body Armor Contract. Armor Holdings Inc., a maker of vehicle armor for the military, on Friday said it won a 36-month contract for ceramic body armor plates that could be worth as much as $461 million.

I’ve posted Armor Holdings contracts on the web site. Mostly consulting and employment agreements.

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corporate buzz

netGuru v. GuruNet

I’ve posted netGuru and GuruNet contracts on the web site. The former is a provider of engineering software and IT solutions. The latter is a reference answer engine.

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corporate buzz

The Sportier Side of Sears

Philadelphia Business Journal: GSI Commerce to Aid Sears with Web. GSI Commerce Inc. said Wednesday it has been tapped by Sears, Roebuck and Co. to expand the variety of sporting goods sold on the Chicago-based retailer’s Web site, sears.com.

Wow! Imagine ordering a discus and javelin to go with the Craftsman circular saw and Kenmore refrigerator? I’ve posted GSI Commerce contracts on the web site, including several E-Commerce Agreements with Palm, Oshman’s, Sports Authority and Bluelight. Just in case you were wondering, you can buy a discus and javelin from Amazon.

Other recent additions include Interchange (paid-search advertising), SmartBargains (liquidator), and Odimo (jewelry retailer).

Categories
ipo

Sure Beats Working at Novell

CNet News.com: Google IPO Trading Imminent. The search giant has asked the U.S. Securities and Exchange Commission to declare the registration of its IPO shares effective on Tuesday at 4 p.m. EDT, according to a notice posted on the company’s public-offering site.

I’ve added Eric Schmidt’s Employment Agreement to the collection of Google contracts.

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corporate buzz

You’re Fired

New York Times: Trump Hotels Plans to Seek Bankruptcy . Trump Hotels and Casino Resorts, the centerpiece of Donald J. Trump’s faltering casino holdings, said last night that it planned to file for bankruptcy protection by the end of September. The company hopes the move will allow it to reorganize under new management and with new financing that will ease its $1.8 billion debt burden.

I’ve posted Trump contracts online. Contracts of interest include The Donald’s employment agreement.

Categories
ipo

Stock Market Stands Up MatchNet

CNET News.com: ‘Faltering’ Market Downs MatchNet. Online dating company MatchNet on Thursday withdrew its plans to sell its shares to the public, joining a growing number of Internet companies that have canceled or postponed a stock market launch.

MatchNet’s CEO and president Todd Tappin also announced his resignation. I’ve posted his employment contract as well as other MatchNet contracts on the web site. If you are vaguely curious about online dating sites, take a look at the exhibits at the end of the Asset Purchase Agreements with Point Match. These include demographic figures for their registered members.

CNET also mentioned that PlanetOut withdrew their IPO. PlanetOut contracts include some employment agreements and leases.