what is the source of that information on withholding payments?
Well, first I thought I was referring to this paragraph in this Wired article wired.com
But instead, there are signs that Softbank Interactive is struggling to maintain the relationships it has with the sites in its network.
Aziz Akin, the director of new media at MarketGuide Inc. in New York, says that the company hasn't been selling the advertising space he allocated to it.
"We've been doing better selling our own advertising," says Akin. "We should be able to get out of the deal very easily, and we plan to do that."
But when giving them a lookthrough I found what I really was thinking of (http://www.wired.com/news/news/business/zulu_tek/story/10673.html):
Telia's AltaVista mirror had been Softbank Interactive's biggest European client, representing more than half its revenue, according to sources. But on Friday, Telia told Softbank it was terminating its contract. According to Telia and Simpson, Softbank Interactive hadn't sent Telia any money since last year.
"SIM-Zulu-Tek has defaulted on their contractual payments and we had to send them a notice of termination, and we are about to take legal action," said a Telia executive who asked not to be identified.
Zulu-Tek and Softbank Interactive representatives in Los Angeles, San Francisco, and Newport, Rhode Island, did not respond to repeated phone calls seeking comment. In its press release, however, Zulu-Tek said the European shutdown was a calculated move.
I have verified this through my own DD. |
