The rumor is that they will file for bankruptcy on Wednesday of next week. Additionally, Attorney General's from many states are rumored to be pursuing RoweCom, a subsidiary of Divine for fraud.
Matt Liotta President & CEO Montara Software, Inc. http://www.montarasoftware.com/ 888-408-0900 x901 > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]] On > Behalf Of John Downs > Sent: Saturday, February 15, 2003 11:18 AM > To: Todd Warfel; Steve Drucker; '[EMAIL PROTECTED]' > Subject: Re: [cms-list] Divine? > > Divine, > > I agree with Todd's assessment. I just completed an competitive analysis > on them including a > financial analysis. Divine has about 2 qtrs of cash on hand at their > current burn rate. Not good > in current economic times. > > John > > > --- Todd Warfel <[EMAIL PROTECTED]> wrote: > > We looked at divine last year when choosing a CMS. We had serious > concerns > > about the company's ability to maintain viability over the long run. > They > > had acquired several companies and a portal, didn't seem to have a good > > direction, their stock was going in the tank, and they were laying off > like > > 250 people. > > > > Not a good confidence booster. > > > > On 2/15/03 8:53 AM, "Steve Drucker" <[EMAIL PROTECTED]> wrote: > > > > > Anyone have any insight about what's happening here? Stock price is > in the > > > toilet and lawsuits are flying (http://biz.yahoo.com/e/030130/dvin8- > k.html). > > > Meanwhile, they're issuing press releases about enhancements to their > CMS? > > > (http://biz.yahoo.com/prnews/030210/nym074_1.html). > > > > > > Cheers! > > > > Todd R. Warfel > > > > _//message first [method second] > > .--.==.--.==.--.==.--.==.--.==.--.==.--. > > _//user experience architect > > Information architecture > > Interaction design > > Usability analysis > > [P] (607) 339-9640 > > [E] [EMAIL PROTECTED] > > [w] http://www.messagefirst.com > > .--.==.--.==.--.==.--.==.--.==.--.==.--. > > > > In theory, theory and practice are the same, > > but in practice, they're not -- anonymous > > > > > > -- > > http://cms-list.org/ > > more signal, less noise. > > > ===== > John Downs > Strategic Clarity, Inc. > 303-748-5851 > [EMAIL PROTECTED] > -- > http://cms-list.org/ > more signal, less noise. -- http://cms-list.org/ more signal, less noise.
