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RE: [infoguys-list] X10 cameras files for bankruptcy

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  • Rus B. Robison
    I think it would have been better if it were a total shutdown and going completely out of business. Reorganization means they are still out there doing the
    Message 1 of 3 , Oct 23, 2003
    • 0 Attachment
      I think it would have been better if it were a total shutdown and going
      completely out of business. Reorganization means they are still out there
      doing the same things. Granted, it may be a little more difficult with no
      one extending them credit for advertising.

      Now, if we could just get the junk penis enlargement folks and the bogus
      drug peddlers out of the e-mail inbox, life would be so much better.

      With best regards, I remain...

      Very truly yours,
      RUS B. ROBISON AND ASSOCIATES, INC.
      PRIVATE INVESTIGATORS

      Rus B. Robison

      Rus B. Robison and Associates, Inc.
      Private Investigators
      Post Office Box 720560
      Oklahoma City, Oklahoma 73172-0560
      (405) 721-2295 Voice
      (877) 721-2295 Toll-Free

      rbr@...

      Oklahoma's FIRST State Licensed Private Investigation Agency.

      Serving all of Oklahoma and the great Southwest since 1972.
      -----Original Message-----
      From: Leif [mailto:spyzilla@...]
      Sent: Thursday, October 23, 2003 3:14 PM
      To: infoguys-list@yahoogroups.com
      Subject: [infoguys-list] X10 cameras files for bankruptcy


      No more popups from them Yeeha!

      X10 Files for Bankruptcy Protection
      1 hour, 44 minutes ago
      SEATTLE - X10 Wireless (news - web sites) Technology, known for
      ubiquitous Internet ads showing scantily clad women as seen from
      miniature wireless cameras, has filed for protection in a Chapter 11
      bankruptcy petition.
      (news - web sites)

      The petition for reorganization was filed Tuesday, two weeks after a
      Superior Court jury in Santa Ana, Calif., ordered X10 to pay $4.3
      million to three brothers who said the company stole proprietary
      technology and failed to pay $564,000 in commissions.


      The jury has yet to decide on punitive damages for Tim, Chris and
      Russell Vanderhook, founders of AdvertisementBanners.com in Yorba
      Linda, Calif., listed in the bankruptcy filing as X10's largest
      unsecured creditor at $3.9 million.


      X10's lawyer, Ada Ko, said the filing resulted from overall business
      problems rather than the Vanderhooks' case.


      "The lawsuit was just another creditor," Ko said.


      Calls to company headquarters for comment were not returned, The
      Seattle Times reported.


      The filing listed assets of up to $10 million and fewer than 200
      unsecured creditors who are owed less than $50 million. Besides the
      Vanderhooks, unsecured creditors include America Online, $55,413;
      Federal Express, $39,930; Foxnews.com, $40,866, and Google, $69,984.


      X10 was one of the first companies to make extensive use of pop-under
      and pop-up technology with bright, splashy ads touting its Web site
      from such sites as The New York Times.


      At its height two years ago, X10.com was the fourth-most visited Web
      site, ranking ahead of well-known businesses such as eBay and
      TerraLycos, according to Jupiter Research in Darien, Conn.


      Jupiter also found, however, that nearly two-thirds of the people who
      saw the X10's ads closed the browser within 20 seconds.


      Todd Hanson, an analyst with Gartner Inc. in San Jose, Calif., and
      owner of a wireless camera on his porch that enables him to see who's
      outside when the doorbell rings, said he had mixed feelings about the
      bankruptcy filing.


      "I know they've had sharkish marketing tactics, but the products are
      clever," Hanson said. "The user in me says, `Bummer,' but the analyst
      in me says, `Maybe they had it coming.'"










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    • pegasus3
      Hey Rus, now wait a minute .. cameras out ok, the other lets talk about this hahahhaha Semper Occultus Edwin C. Hodges Edwin C. Hodges Peregrine
      Message 2 of 3 , Oct 23, 2003
      • 0 Attachment
        Hey Rus, now wait a minute .. cameras out ok, the other lets talk about this
        hahahhaha

        "Semper Occultus"

        Edwin C. Hodges

        Edwin C. Hodges
        Peregrine International
        PMB 150, 1550 Eastchase Pkwy
        Fort Worth, Texas 76120
        Voice: 817-516-0155
        EFax: 775-261-7088
        EMail: Pegasus3@...
        WEB: www.pi-inc.us

        ================================
        DISCLAIMER NOTE: The information in this electonic mail (e-mail) message
        may be confidential. This information may be protected by priviledge, work
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        -----Original Message-----
        From: Rus B. Robison [mailto:rbr007@...]
        Sent: Thursday, October 23, 2003 2:44 PM
        To: infoguys-list@yahoogroups.com
        Subject: RE: [infoguys-list] X10 cameras files for bankruptcy


        I think it would have been better if it were a total shutdown and going
        completely out of business. Reorganization means they are still out there
        doing the same things. Granted, it may be a little more difficult with no
        one extending them credit for advertising.

        Now, if we could just get the junk penis enlargement folks and the bogus
        drug peddlers out of the e-mail inbox, life would be so much better.

        With best regards, I remain...

        Very truly yours,
        RUS B. ROBISON AND ASSOCIATES, INC.
        PRIVATE INVESTIGATORS

        Rus B. Robison

        Rus B. Robison and Associates, Inc.
        Private Investigators
        Post Office Box 720560
        Oklahoma City, Oklahoma 73172-0560
        (405) 721-2295 Voice
        (877) 721-2295 Toll-Free

        rbr@...

        Oklahoma's FIRST State Licensed Private Investigation Agency.

        Serving all of Oklahoma and the great Southwest since 1972.
        -----Original Message-----
        From: Leif [mailto:spyzilla@...]
        Sent: Thursday, October 23, 2003 3:14 PM
        To: infoguys-list@yahoogroups.com
        Subject: [infoguys-list] X10 cameras files for bankruptcy


        No more popups from them Yeeha!

        X10 Files for Bankruptcy Protection
        1 hour, 44 minutes ago
        SEATTLE - X10 Wireless (news - web sites) Technology, known for
        ubiquitous Internet ads showing scantily clad women as seen from
        miniature wireless cameras, has filed for protection in a Chapter 11
        bankruptcy petition.
        (news - web sites)

        The petition for reorganization was filed Tuesday, two weeks after a
        Superior Court jury in Santa Ana, Calif., ordered X10 to pay $4.3
        million to three brothers who said the company stole proprietary
        technology and failed to pay $564,000 in commissions.


        The jury has yet to decide on punitive damages for Tim, Chris and
        Russell Vanderhook, founders of AdvertisementBanners.com in Yorba
        Linda, Calif., listed in the bankruptcy filing as X10's largest
        unsecured creditor at $3.9 million.


        X10's lawyer, Ada Ko, said the filing resulted from overall business
        problems rather than the Vanderhooks' case.


        "The lawsuit was just another creditor," Ko said.


        Calls to company headquarters for comment were not returned, The
        Seattle Times reported.


        The filing listed assets of up to $10 million and fewer than 200
        unsecured creditors who are owed less than $50 million. Besides the
        Vanderhooks, unsecured creditors include America Online, $55,413;
        Federal Express, $39,930; Foxnews.com, $40,866, and Google, $69,984.


        X10 was one of the first companies to make extensive use of pop-under
        and pop-up technology with bright, splashy ads touting its Web site
        from such sites as The New York Times.


        At its height two years ago, X10.com was the fourth-most visited Web
        site, ranking ahead of well-known businesses such as eBay and
        TerraLycos, according to Jupiter Research in Darien, Conn.


        Jupiter also found, however, that nearly two-thirds of the people who
        saw the X10's ads closed the browser within 20 seconds.


        Todd Hanson, an analyst with Gartner Inc. in San Jose, Calif., and
        owner of a wireless camera on his porch that enables him to see who's
        outside when the doorbell rings, said he had mixed feelings about the
        bankruptcy filing.


        "I know they've had sharkish marketing tactics, but the products are
        clever," Hanson said. "The user in me says, `Bummer,' but the analyst
        in me says, `Maybe they had it coming.'"










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