As the ranks of these shoppers grow, so does the number of sales, both because so many homes are in foreclosure and because baby boomers are downsizing or perhaps selling off the belongings of their infirm or deceased parents.
Even though Patch is being dismantled or perhaps sold off to various partners, he still believes that he had the right product in the right space, and that he just ran out of runway.
One option open to SGI would be to scale back its operations even further, perhaps selling off its Cray supercomputer business so that it could really concentrate on selling workstations and servers.
A New York Times article stated that AOL is reportedly planning to "dismantle Patch or perhaps sell it off to various partners," even though CEO Tim Armstrong "cannot quite admit that it is over".
A New York Times article stated that AOL is reportedly planning to "dismantle Patch or perhaps sell it off to various partners," even though CEO Tim Armstrong "cannot quite admit that it is over". In response, a spokesman for the company told TechCrunch that it stands behind what CEO Tim Armstrong said at a Dec. 11 UBS conference (PDF link) and in AOL's last three earnings calls about Patch.
On a daily basis, I have seemingly watched the hysteria of the market cause shares of fundamentally sound corporations with strong earnings trends and favorable long-term growth profiles sell off, somewhat understandable perhaps, but extremely frustrating.
"If there is any sign of a more cautious approach, or a smaller scale, you could see long-term bond rates rise, the dollar strengthen and perhaps stocks selling off a bit," said Adrian Cronje, the chief investment officer of Balentine.
Perhaps in selling off what's left of Ziff-Davis altogether, Softbank will finally reverse its fortunes.
As a result, analysts and some within the company have even speculated that AOL Time Warner may seek to sell off noncore businesses -- perhaps its 50percentt stakes in cable channels like Comedy Central or Court TV or its book publishing division.
