Just read the link and came away with a different impression. John Moores co-founded BMC in 1980, was a venture capital investor in Peregrine in 1981, and co-founded JMI Equity in 1992. JMI is one of multiple venture capital groups investing in Service-Now. John Moores is not a principal at Service Now. I've also meet with Fred Luddy, co-founder of Service-Now, via telephone and visited Service-Now's headquarters in Solano Beach. (And they are indeed right ON the beach.) If you think Fred is flying high and scooping up tons of other people's money, think again. Visit their facility and see how modestly the company operates. My hat goes off to Fred and his brother for doing what American business does best -- take an idea, find investors, start a company, create jobs, then work like hell to make it a success. I believe they are deserving of our respect, not our criticism. -- Bing
_____ From: Action Request System discussion list(ARSList) [mailto:[email protected]] On Behalf Of Rick Cook Sent: Tuesday, March 23, 2010 7:28 AM To: [email protected] Subject: Re: Service-now.com ** That last link from John shows that Moores was also accused of selling $630M in his own Peregrine stock before the company's financial house of cards was exposed, causing the stock to plummet to a few cents. Despite owning over 60% of the company's stock, he denied having any active role in, or even being really aware of, any of the company's criminal activities, and the SEC couldn't prove him wrong, so he got to keep it. Hope it keeps him warm at night. I prefer having a clean conscience, which money cannot buy. Good to know who I don't want to do business with, and any company with Luddy and Moores at the top would not be on that list. Fool me once... Rick On Tue, Mar 23, 2010 at 10:12 AM, John Sundberg <[email protected]> wrote: ** Also -- a major funder of Service-now is John Moores (M in BMC) http://www.jmiequity.com/portfolio/ Also was Peregrine guy. http://en.wikipedia.org/wiki/John_Moores_(baseball) <http://en.wikipedia.org/wiki/John_Moores_%28baseball%29> And -- interesting: http://www.businessweek.com/magazine/content/02_41/b3803060.htm -John On Mar 23, 2010, at 8:46 AM, Guillaume Rheault wrote: ** Great point, it only takes one rotten apple to spoil the basket. I don't think he'll conduct himself as Mother Teresa!! -Guillaume _____ From: Action Request System discussion list(ARSList) [[email protected]] on behalf of Kelly Deaver [[email protected]] Sent: Monday, March 22, 2010 5:14 PM To: [email protected] Subject: Re: Service-now.com ** What scares me.. the CEO of ServiceNow, Fred Luddy, was the CTO of Peregrine! Kelly Deaver L-3 Stratis / FAA Contractor [email protected] (ARSlist mail) [email protected] (Business mail) _attend WWRUG10 www.wwrug.com ARSlist: "Where the Answers Are"_ -- John Sundberg Kinetic Data, Inc. "Building a Better Service Experience" Recipient of the WWRUG09 Innovator of the Year Award [email protected] 651.556.0930 I <http://www.kineticdata.com/> www.kineticdata.com _attend WWRUG10 www.wwrug.com ARSlist: "Where the Answers Are"_ _attend WWRUG10 www.wwrug.com ARSlist: "Where the Answers Are"_ _______________________________________________________________________________ UNSUBSCRIBE or access ARSlist Archives at www.arslist.org attend wwrug10 www.wwrug.com ARSlist: "Where the Answers Are"
