Monday, August 6, 2012

Carbonite got Rushed

This one is for all the people on the Left who had Carbonite in their investment accounts.

Now, as William Jacobson of the “Legal Insurrection” blog noted, Carbonite’s CEO David Friend conceded on a conference call that dropping Limbaugh deeply hurt the company’s earnings. “It turned out to be a bigger hole in our revenue than we had thought when we initially did this,” Friend said on a conference call on August 1. In fact, as Jacobson wrote, Carbonite’s 2nd Quarter 2012 results shocked analysts, causing the company's stock price to plummet by 15% in one day. 


They got what they wanted. I just wonder if they wanted what they got?

You would think that astute business leaders would have taken a look at the fact there are no national Left wing talk shows and very few local Left wing shows and remembered the demise of Air America and not jumped in the pot with the Left.

But some did. This one has suffered. May the others join him.

And may everyone decide to keep politics out of business.

"Unlimited tolerance must lead to the disappearance of tolerance. If we extend unlimited tolerance even to those who are intolerant, if we are not prepared to defend a tolerant society against the onslaught of the intolerant, then the tolerant will be destroyed, and tolerance with them." - Karl Popper

 “It’s the presumption that Obama knows how all these industries ought to be operating better than people who have spent their lives in those industries, and a general cockiness going back to before he was president, and the fact that he has no experience whatever in managing anything. Only someone who has never had the responsibility for managing anything could believe he could manage just about everything.” - Thomas Sowell in Reason Magazine