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Carbonite CEO admits dropping Limbaugh hurt growth more than expected
Legal Insurrection ^ | Friday, August 3, 2012 at 12:13pm | William A. Jacobson

Posted on 08/03/2012 11:45:23 AM PDT by Olog-hai

Carbonite famously dropped Rush Limbaugh on a Saturday Night at the height of the Sandra Fluke controversy. Carbonite became the poster child for the Rush boycott movement organized by Media Matters, which coordinated the effort with so-called independent groups. …

Since that time the Stop Rush effort has imploded, with backstabbing and accusations among the participants. Limbaugh has had better numbers than ever, and the hype surrounding Mike Huckabee as a Limbaugh replacement has gone flat.

Yet what became of Carbonite?

On August 1 Carbonite released its 2d Quarter 2012 results, the first full quarter after dropping Limbaugh in March. The results shocked Wall Street, as Carbonite did not meet its growth targets, causing multiple analysts to drop the target price. The stock dropped 15% in a day.

Most important, in a conference call held on August 1, the CEO David Friend admitted that dropping Limbaugh damaged Carbonite’s growth, and is likely to do so for at least one or two more quarters. …

(Excerpt) Read more at legalinsurrection.com ...


TOPICS: Business/Economy; Conspiracy; Society; Weird Stuff
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1 posted on 08/03/2012 11:45:31 AM PDT by Olog-hai
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To: Olog-hai

2 posted on 08/03/2012 11:47:55 AM PDT by DannyTN
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To: Olog-hai

3 posted on 08/03/2012 11:48:50 AM PDT by PetroniusMaximus
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To: Olog-hai

Yes, but at least they have their principles as they refuse to participate in the WOR ON WYMYN!!


4 posted on 08/03/2012 11:49:27 AM PDT by Dr. Sivana ("I love to hear you talk talk talk, but I hate what I hear you say."-Del Shannon)
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To: Olog-hai

“I guess I’m a little surprised that you were caught by surprise by the radio host change ’cause I know we’ve talked and I guess my impression was that it wouldn’t be that impactful but I guess it was quite impactful.”

LOL. Is this another version of “unexpectedly”?

You know, when you are in control of the media I’ve seen one of the consequences is you start to believe your own hype. They really do believe that green jobs will revive the economy, that gay marriage will not tell against them, that cutting out the EVIL RUSH will not lead to backlash.

They are always so surprised when it does but keep plugging along, digging deeper.


5 posted on 08/03/2012 11:50:15 AM PDT by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
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To: Olog-hai
(24:15) [ . . . ]I guess my impression was that it wouldn’t be that impactful but I guess it was quite impactful.

Would you trust your data with a company whose CEO uses "words" like IMPACTFUL?
6 posted on 08/03/2012 11:51:08 AM PDT by Dr. Sivana ("I love to hear you talk talk talk, but I hate what I hear you say."-Del Shannon)
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To: Olog-hai

Ghost a removable harddrive, and store it in a safe place. It’s cheaper, better and doesn’t require dealing with incompetent people to get your data back.


7 posted on 08/03/2012 11:51:51 AM PDT by pallis
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To: Olog-hai
I am sooooooo sad.
8 posted on 08/03/2012 11:53:23 AM PDT by ataDude (Its like 1933, mixed with the Carter 70s, plus the books 1984 and Animal Farm, all at the same time.)
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To: pallis

Been there doing that....right in my work bag!


9 posted on 08/03/2012 11:53:34 AM PDT by Shady (The Tea Party is the Party of the American People, Working and creating wealth in SPITE of OBAMA!)
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To: Olog-hai
Mr. Bean? Is that you?

No one with daughters the age of Sandra Fluke, and I have two, could possibly abide the insult and abuse heaped upon this courageous and well-intentioned young lady. Mr. Limbaugh, with his highly personal attacks on Miss Fluke, overstepped any reasonable bounds of decency. Even though Mr. Limbaugh has now issued an apology, we have nonetheless decided to withdraw our advertising from his show. We hope that our action, along with the other advertisers who have already withdrawn their ads, will ultimately contribute to a more civilized public discourse. - David Friend, CEO of Carbonite

10 posted on 08/03/2012 11:54:40 AM PDT by TSgt (The only reason I have one in the chamber at all times, is because it is impossible to have two in.)
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To: Olog-hai
He knew he was going to get shorted and he did it anyway, his whole 'making a point' thing almost amounts to corporate malfeasance.

Given how long they were with Rush, surely there are conservative shareholders that could bury this clown in litigation.

11 posted on 08/03/2012 11:55:31 AM PDT by StAnDeliver (=)
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To: Olog-hai

damage one or two more quarters? I’d think again, big boy.
Conservatives don’t like people who cave to leftists. But, unlike leftists, we won’t burn your building, we’ll just think you don’t exist.


12 posted on 08/03/2012 11:55:39 AM PDT by Bitsy
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To: Olog-hai
I’m not regretful of the decision, I think things would have been worse had we not done that.

In Jim Collins Good to Great, the author maintains that great companies are able to face reality. This doofus has decided to double-down. In effect, he has told all Rush Limbaugh listeners that he doesn't want our business.
13 posted on 08/03/2012 11:55:47 AM PDT by Dr. Sivana ("I love to hear you talk talk talk, but I hate what I hear you say."-Del Shannon)
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To: Olog-hai

Just caught this at the tail end of the article:

“Update: Carbonite shareholders have another reason to worry. Friend has just started a potentialy competitive online storage company with a recently departed executive.” Friend was the man in the interview, the CEO of Carbonite.

So the CEO that made this decision, got together with a “recently departed executive” (planned?) and started a competing business? Did this guy sabotage his own company purposely? Or does he just think he is the wheeler dealer of the year?

In any case, looks like he single handedly destroyed Carbonite.


14 posted on 08/03/2012 11:57:12 AM PDT by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
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To: Olog-hai

A 32 gig thumb or sd card drive goes a long way for backup, especially if you record critical data on two.

I would not trust a third party not to scan my data, like gmail and the other “free” emails do.


15 posted on 08/03/2012 11:58:13 AM PDT by DBrow
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To: Dr. Sivana

Corporate buzzwordism is contagious. He can’t help it. The latest irritating buzzwordist phrase is “reach out.” It just sounds so helpless. Warm and fuzzy, but helpless. I grit my teeth every time I get an e-mail containing it. I don’t want someone to “reach out” to me, I want them to answer my &@$% question, lol.


16 posted on 08/03/2012 11:58:13 AM PDT by RegulatorCountry
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To: Olog-hai

Yep. You also looked desperate doing TV commercials on Fox for the 1st time, which yielded zip in terms of results.


17 posted on 08/03/2012 11:58:25 AM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: Olog-hai

I am always surprised by the extremely short-term thinking of so-called business “leaders.”

Sandra Fluke was a political prop, who was prostituted for some cheap headlines, and with the media life-span of a fruit-fly.

Yet these business wizards decide THAT is the important issue on which they will take a stand and bet their company’s fate.

Idiots.


18 posted on 08/03/2012 11:59:05 AM PDT by PGR88
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To: Olog-hai

You should be replaced as your principles hurt your #1 constituency...The Stockholder.


19 posted on 08/03/2012 12:00:17 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: Olog-hai

I’d love to know how ProFlowers is doing after siding with the Occupy set over Rush.


20 posted on 08/03/2012 12:00:30 PM PDT by workerbee (June 28, 2012 -- 9/11 From Within)
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