X10 Files for Chapter 11 - GoFuckYourself.com

EscortBiz · 10-23-2003, 12:00 PM

http://story.news.yahoo.com/news?tmp...x10_bankruptcy

X10 Files for Bankruptcy Protection

SEATTLE - X10 Wireless 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.

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.'"

BRISK · 10-23-2003, 12:00 PM

popup monkeys

KaLi · 10-23-2003, 12:01 PM

Hrmmmmmmmmmmmmmmmmmmmmmmm

EscortBiz · 10-23-2003, 12:07 PM

Quote:

Originally posted by BRISK
popup monkeys

lots of em and now they are screwing affiliates

L0stMind · 10-23-2003, 12:07 PM

X10 is a bunch of bastards

KRL · 10-23-2003, 12:07 PM

Sounds like a classic bust out to me.

12clicks · 10-23-2003, 12:11 PM

the funniest part is that their sales guys are calling us about every day to run campaigns for them. They think my salesguy somehow doesn't really mean it when he says,"prepay"

EscortBiz · 10-23-2003, 12:12 PM

Quote:

Originally posted by 12clicks
the funniest part is that their sales guys are calling us about every day to run campaigns for them. They think my salesguy somehow doesn't really mean it when he says,"prepay"

classic

Herb Kornfield · 10-23-2003, 12:41 PM

Those ads were a pain in the azz..at least have naked hoes and I can deal with that

VeriSexy · 10-23-2003, 12:46 PM

"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. "

Reminds me of Cacacia

mrthumbs · 10-29-2003, 03:44 AM

what is interesting that considering to the amount of advertising they had going (virtually everyone on the net knows x10) i see
very low figures.. im dissapointed.

LiveDose · 10-29-2003, 03:46 AM

Thank god. No more of their crappy spam. I hope the "mini rc cars" company goes next...

bhutocracy · 10-29-2003, 03:48 AM

Quote:

Originally posted by VeriSexy
"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. "

Reminds me of Cacacia

'cept these were young 20 year old brothers who actually came up with it, not leeching blood sucking lawyer soul destroyers.

10-23-2003, 12:00 PM	#1
EscortBiz Fuck Checks, CASH only! Join Date: May 2002 Location: New York City Posts: 19,422	X10 Files for Chapter 11 http://story.news.yahoo.com/news?tmp...x10_bankruptcy X10 Files for Bankruptcy Protection SEATTLE - X10 Wireless 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. 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.'" __________________ Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts ICQ# 158802076

10-23-2003, 12:00 PM	#2
BRISK Too lazy to set a custom title Join Date: Feb 2003 Posts: 12,240	popup monkeys __________________ I post on GFY so that when people ask me what I do, I can tell them that I work with the mentally retarded.

10-23-2003, 12:01 PM	#3
KaLi Confirmed User Industry Role: Join Date: Aug 2003 Location: Lomita, CA Posts: 4,371	Hrmmmmmmmmmmmmmmmmmmmmmmm __________________ icq:160-417-630

10-23-2003, 12:07 PM	#5
L0stMind Confirmed User Join Date: Sep 2002 Location: Vancity Posts: 1,681	X10 is a bunch of bastards __________________ http://cashcore.com - Make Money. http://ezprovider.net - Hosting.

10-23-2003, 12:07 PM	#6
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	Sounds like a classic bust out to me. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

10-23-2003, 12:11 PM	#7
12clicks Too lazy to set a custom title Industry Role: Join Date: Jan 2001 Location: God's right hand Posts: 19,796	the funniest part is that their sales guys are calling us about every day to run campaigns for them. They think my salesguy somehow doesn't really mean it when he says,"prepay" __________________ I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

10-23-2003, 12:41 PM	#9
Herb Kornfield Is on the 1 Industry Role: Join Date: Sep 2002 Location: Philly Burbs Posts: 4,996	Those ads were a pain in the azz..at least have naked hoes and I can deal with that

10-23-2003, 12:46 PM	#10
VeriSexy Join The Royal Family Join Date: Apr 2002 Posts: 25,463	"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. " Reminds me of Cacacia __________________ Looking for a KICK ASS TEEN SPONSOR? Check out ROYAL CASH - THE KING OF TEEN! Incredible webmaster tools FHGs, Morphing Blog and RSS Feeds, Embedded FLV & WMV Videos. With TOP RATIO Sites like TeenStarsOnly.com - Earn $$ with our New Site & Bonus Payouts!! ATMovs.com \| iTeenVideo.com \| TeenSexMovs.com \| TeenSexMania.com

10-29-2003, 03:44 AM	#11
mrthumbs salad tossing sig guy Join Date: Apr 2002 Location: mrthumbs*gmail.com Posts: 11,702	what is interesting that considering to the amount of advertising they had going (virtually everyone on the net knows x10) i see very low figures.. im dissapointed.

10-29-2003, 03:46 AM	#12
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	Thank god. No more of their crappy spam. I hope the "mini rc cars" company goes next... __________________ Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal