Well they don;t have to worry about their marketing costs anymore...
Carbonite went public in an IPO last August, pricing its initial offering at $10 per share. This was somewhat lower than original market expectations, perhaps due in part to last summer’s market turmoil. Nonetheless, CARB was initially lofted by the usual high-tech thermals, quickly soaring to $21.10 before commencing its steady, ongoing dive into oblivion.
Prior to the Limbaugh flap, CARB had already retreated this year to slightly below its IPO offering price. Since then, it’s continued its downward cascade, closing today at $8.05 per share, roughly a 20% drop pre-Limbaugh/Fluke and a nearly 60% drop from its 2011 peak.
Didn’t the Carbonite idiots realize that most of their clients were Rush listeners?
They deserve what they are getting.
In a technology company? If this actually is what it sounds like, run away.
Our production studio here in Hollywood canceled 2 Saturdays ago and they called us 4 days later to re-consider. The nerve of these jackholes..
What is funny to me in all of this are the FR folks who tell us they have turned off Rush for one reason or another. Silly, silly people.
Someone here recommended another company and blast I can’t remember it. My carbonite expires in 20 days.
Carbonite? What’s that?
Is it like Snapple?
I never bought the idea behind carbonite in the first place.
It was not worth the expense. A simple and inexpensive external hard drive (USB connected) set to automatically, periodically back-up my entire PC, was not only cheaper (in less than a year) but seemed more sane than sending all my PC contents across the Internet to begin with.