TechnoMagician's Weblog
(aka Tim Aiello)
Any sufficiently advanced technology is indistinguishable from magic - Arthur C. Clarke.


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Wednesday, October 22, 2003
 
X10 Goes Dim

In the last couple of years their ads were appearing everywhere. I guess someone was asleep in NOT recognizing that their ROI from advertising wasn't what it needed to be to stay in business.

X10 files for Chapter 11. The company that only last year billed itself as the world's largest online advertiser files for Chapter 11 bankruptcy protection. [CNET News.com - Front Door]

I would guess that most of this is what they owe for advertising:

X10 owes Los Angeles law firm Sheppard Mullin Richter Ham $667,412; Microsoft $459,264; Yahoo $346,128; Google $69,984; and America Online $55,413. It also owes $95,047 to Overture Services, which was recently acquired by Yahoo.
 
8:01:03 PM    


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