Hide Techdirt is off for the long weekend! We'll be back with our regular posts tomorrow.

Is Moxi In Trouble?

from the another-one-bites-the-dust dept

A few weeks ago, when Steve Perlman was pushed out as CEO of Moxi Digital, they spun it in a way that said this was completely according to plan. The press seemed to buy it, because I don’t remember seeing any articles that were really surprised by the move. However, Business Week is now running a story that looks deeper at all the problems Moxi is facing. Some say that the company is running out of money and could be bankrupt in a few months. There are a bunch of other questionable points as well. Moxi currently is leasing a building in Palo Alto which is completely empty, but which they’re paying 3 times the market rate for – and Perlman partially owns the building. They’re also having trouble finding customers. Despite lots of hype about their relationship with EchoStar, folks at EchoStar say they don’t actually have a contract to be a customer – just to run some trials here and there. Many people seem to think that Moxi will go out of business soon or be acquired for not very much money.

Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “Is Moxi In Trouble?”

Subscribe: RSS Leave a comment
1 Comment

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...