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To: Olu Emuleomo who wrote (117201)	2/8/2001 5:18:13 PM
From: H James Morris	Respond to of 164684

>Financial information firm The Motley Fool said it has eliminated 115 positions Wow! I hope they don't let go of Billy! He used to be TMF's front man into SI in the late 90's. I hope they got rid of TMF Jeff Fischer. He was the idiot who said a 1000 times, Amazon.com was worth $500 ps because of the "touch, feel, and the community experience" enjoyed by all its shoppers!

To: Olu Emuleomo who wrote (117201)	2/8/2001 7:55:20 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Olu, how could that be? Humble investors like Billy and Mark got their roots on TMF. >Motley Fool's First Layoffs Come Today By Neil Irwin, Washington Post Staff Writer Thursday, February 8, 2001; 7:39 AM Motley Fool Inc., the Alexandria company known for dispensing irreverent personal-finance advice to millions of people via the Web and other media, plans major organizational changes this morning that include wide-ranging layoffs. Motley Fool has been one of the few Internet content companies to avoid layoffs. But continuing losses in the underwhelming Internet advertising environment have prompted the company to reevaluate its business units and cut costs aggressively, said company sources who spoke on the condition that they not be named. These sources declined to discuss the number of employees to be laid off or the nature of other moves planned. Motley Fool has 350 employees. Company spokesman Bill Dixon said, "It would not be fair and honorable to our employees to comment on this matter at this time." Motley Fool, founded in 1993 as a print newsletter, rose to prominence after becoming a stock-investing area within America Online in 1994 and then as the Fool.com Web site. Its founders, brothers David and Tom Gardner and their friend Eric Rydholm, became highly visible symbols of the trend toward individuals investing directly in the stock market, an approach they champion. In the past few years, the company has developed a growing stable of off-line media products, including books about investing, a syndicated newspaper column and a radio show. The Web site had 2.7 million visitors in December, according to Media Metrix Inc.; its radio show is heard on 130 stations with a combined audience of 1.6 million listeners; and its newspaper column is in 182 papers reaching 19 million readers. Last May, the company hired an experienced chief executive for the first time — Pat Garner, a veteran of Coca-Cola. Until recently, privately owned Motley Fool hasn't felt as much pressure to cut costs as publicly traded competitors such as TheStreet.com and CBS MarketWatch. On Jan. 30, Motley Fool announced its second round of venture funding, $30 million, from a group of high-profile investors, including Softbank Finance Group and AOL Time Warner Ventures. The company closed its German subsidiary early this year.