News Update:

Reuters (AP) – Spinneyhead Fails to Rally The Internet Faithful:

The stock market took a small plunge today based mainly on fears Spinneyhead Inc. has lost its touch. Unison in a statement released today said, “We refuse to work for an organization devoted to fat cat payouts in a post war environment”. The loss in readership is not only affecting stock holder share price, but may reflect a deeper rift within the Spinneyhead organization. Institutional investors reacted angrily to suggestions the Spinneyhead franchise might be losing flavour, but several analysts changed recommendations from “buy” to “hold”. during heavy trading. What remains to be seen is a strong senior management commitment to content driven blogging on a regular basis.

One senior Wall Street analyst stated the only way Spinneyhead could regain its previous stock high was to invest in quality staffing. It remains to be seen if short term staff layoffs or management change will yield a positive pay out on the web. Charles Schwaab, the largest US brokerage, is on the record stating Spinneyhead is definitely a “hold” position, but they await a general share holders meeting to raise lack of hit concerns.Spinneyhead CEO, The Evil One, is expected to make a statement about content contributions over the next few days. Although this will not reduce market expectations of record making profits during Q2/03 for the Spinneyhead brand, institutional investors may be lured back. One never knows.


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