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May 30th, 2005, 12:53 PM #1Danger of owning stock associated with Parasites
The people who are shareholders in FindWhat, are now filing suit against the company - the one they invested in - the 2nd tier search engine called FindWhat... because... well... let me paraphrase...
Some suckers bought stock in FindWhat... FindWhat chose to do biz with some parasite heavy players... lots of FindWhat ads were being shown through parasites... and worse. Now, FindWhat is trying to clean things up a tad.... and it hurts their bottom line.
Which hurts worse? Cheating and having Spitzer on your trail? Or coming clean and losing all that money? These are the dilemma's created when you make poor decisions about who to do business with in the first place.
If you advertise with FindWhat currently, I bet you've seen the trend - you're spending less with them each day and it's been trending down since.... well... roughly... since SPITZER filed suit against Intermix and put the chill into spyware and adware. Most people I've spoken to, that run ads at FindWhat, are down roughly 40-50% from just a month or two ago... that's a lot less revenue and ads...
Now, by kicking out the spyware partners that they formerly did tons of biz with - FindWhat now finds it has some very bad news to report - revenues are down!!!
Spitzer's on their ass. So, they're cutting way back on cheating. This will mean revenue will go way down - in fact it has already - and if you own stock in FindWhat, you're basically SCREWED.
Hey, somebody has to pay the price...
Here's FindWhat stating to the public... again, I'm paraphrasing...
"Hey, don't worry about our own shareholders (our investors) suing us, we're pretty sure going clean in the last few weeks will save our asses (and your investment)..."
Good luck with that.
Will investors in FindWhat find happiness in being told they lost a bunch of money and nobody really did anything wrong...
Of course... this happened:
"Earlier this month, FindWhat.com reported the resignations of Chief Financial Officer Brenda Agius and its auditor, posted a lower first-quarter profit and predicted a sequential decline in second-quarter revenue."
Chief Financial Officer resigned.
Profit for 1st quarter was down.
Forecast is that revenue will go down further in Q2.
I thought Internet advertising was growing by leaps and bounds - and FindWhat recently bought / merged with eSpotting - one of the biggest engines in Europe.... why are revenues going down?
And the head honchos are making statements about how they're confident they've done no wrong. That's always good news...
May 30th, 2005, 01:10 PM #2
Now, read the Yahoo press release again... there's a juicy little tidbit morsel there:
In the last sections describing FindWhat's business...
"Additionally, FindWhat.com has a primary traffic division, currently offered through Comet Systems, a leading provider of connected desktop consumer software."
a primary traffic division...
smells like more trouble to me - Comet Systems is... well, their own sites says this:
+more than 100 million consumer software downloads
+seven years of software development
+We deliver the right message at the right time
+We are experts in permission-based consumer marketing
+Discover desktop software and how we can make your web experience more fun and your browsing more efficient
+Our fun desktop software and leading edge Genesis II platform make web browsing more efficient and search results more relevant
+Comet is a division of FindWhat (FWHT), the leading provider of paid listings. Along with our European paid listings provider, eSpotting, and our merchant services division, Miva, we are delighted to be able to offer web site publishers a complete set of tools to boost their business
+Key to our success has been attracting and keeping a tight-knit team of dedicated people with multidisciplinary backgrounds.
+It is a win-win situation. Offer your users desktop software that is fun and useful, such as a search toolbar, desktop weather, or a Start menu item linked to your most active and engaging content, and earn additional advertising revenue and extend your reach beyond your site
+But there’s more. Our contextual relevancy technology, Genesis II, is included in each software download, enabling you to provide your users with a better browsing experience than ever before. Personalize search results to the zip code and even help users talk directly to a local retailer on the phone. Offer price comparisons on products about to purchased. Highlight your site’s highest paying pages while intelligently assisting navigation. When users visit a competing web site, actively demonstrate your point of difference. Make special offers related to what is being viewed.
(Hey - how does it do all the stuff that last one says without collecting any personal information - that's what their policy says - "We never gather personal information": http://www.cometsystems.com/privacy.htm )
+We are inviting you to capitalize on our experience. The experience of six years, $25 million in R & D, and the real-world road tests of more than 100 million users. Genesis II is a robust, yet-efficient, highly-scaleable architecture. A small client footprint, yet able to turn on a dime. Easily updated, transparent to users, and available to you
+We can help you, too. We create custom versions of our desktop software that are tailored to the needs of specific audiences. For example, if you have a site with a rich community membership, we can integrate that functionality directly into desktop software so your users will always have one click access, no matter what page they are visiting. Just tell us what you need
Miva, as I understand it, is basically shopping cart software. So FindWhat is able, I suppose, to take the very best parts of a shopping cart (Miva), ad networks (FindWhat and eSpotting) and a parasitic desktop app (Comet) and perform some really profitable and desirable actions.
Why then is revenue forecasted to go down again?
Last edited by Donuts; May 30th, 2005 at 01:15 PM. Reason: forgot to close a parens
May 30th, 2005, 01:14 PM #3
"Genesis II is a robust, yet-efficient, highly-scaleable architecture. A small client footprint, yet able to turn on a dime. Easily updated, transparent to users, and available to you"
how transparent do they mean?
May 30th, 2005, 01:37 PM #4
- Join Date
- January 18th, 2005
- St Clair Shores MI.
Are these theftware privacy violating perps all trying to CYA with their advertising aggregrator brokers. Seems even the NETorious CoolWebSearch BHO is claiming a new re-birth...ROLMAO...
Coolwebsearch going clean? Ha! They are nothing but a bunch of black hat hackers, and it’s utterly ridiculous that they never got a visit from the police. We are not talking about some adware collecting basic surfing activities here. Ever seen their hijackers in action? Well, it’s not a pretty sight. Dialers and trojans keep being automatically downloaded from the Internet, various security software is disabled (or there are attempts to disable it anyway), IE keeps popping up by itself displaying graphic porn images, there are endless fake security messages saying “your system is infected by virus/spyware” that bring you to rogue software by associates. System cleaning is a nightmare.
Coolwebsearch associates have in the past hacked numerous websites to install hijackers, trojans and scumware of this kind.
Coming clean? Please. How can anybody trust people with such an activity record?
comment by TNT — 5/24/2005 @ 6:07 pm
Boo friggin Boo Hoo.... CoolwebSearch ...."Any one of your enemies, or an unscrupulous competitor, can literally destroy your life with a simple emailing program!
We have been very patient, hoping the situation would resolve itself, but instead, it just kept getting worst and worst. More and more new “hijacks” appeared, all called "CWS hijacks", even though 99.5% of these webmasters have never ever worked for us, knowing that we don't allow such methods of content delivery and traffic generation.
Nevertheless, the dishonest competitors have continued their work of malicious defamation and of using Coolwebsearch as a scapegoat for their own illegal activities.
Yes, life was never intended to be fair, but enough is enough. From now on, we are taking an aggressive stand to clear our good name, and to regain the trust of our potential clients and partners, which has so thoroughly been destroyed by the carefully orchestrated, and horrible slander campaign, which has been directed against our sites, our company, and even our most loyal affiliates, who have never participated in such acts, to be labeled "hijackers" just the same, simply because they work with our company.
To this effect, we would like to make our official policy on the subject of spyware and hijacking as clear as we possibly can:
Coolwebsearch does not condone the use of hijacks, spyware or other behavior, that involves the installation of programs on users' computers without their prior knowledge, AND explicit consent....." I ain't buying any of it.
"What have you done today to put real value into a referral click...from a shoppers viewpoint!"
May 30th, 2005, 01:45 PM #5Originally Posted by ecomcity
June 7th, 2005, 10:42 AM #6
Let's change our name - this parasite stuff is starting to make us sound bad... let's focus on the shopping cart stuff... the Miva stuff...
Let's rename FindWhat and ESpotting to Miva Media...
and for god sakes, let's stop saying Comet Systems!!!
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