We knew something was up at Seesaw Networks, San Francisco, having heard various rumours that a) the company might be for sale; b) it might be closing; and c) that it was in the running to rep a major piece of new business – all of which came from pretty reliable sources last week.
We were finally able to reach Peter Bowen, Seesaw president, late last Friday to get any or all of the rumours confirmed or denied.
“I can tell you that we are restructuring and evaluating a variety of options regarding our technology,” Bowen told us.
Questioned further as to whether one of the options would be to sell, Bowen gave a terse one word answer: “Possibly.”
Seesaw is a privately-owned, venture-backed company, and Bowen refused to answer when asked whether the company was profitable this year or what percentage of ownership he and/or other management hold in the firm – or any other questions.
So we’re not much further ahead on what’s happening – or are we? Certainly something is brewing.
See Saw Margery Daw,
Johnny shall have a new master;
Johnny shall earn but a penny a day,
Because he can’t work any faster.
We’ve always liked Seesaw, so it would be nice to hear that any of its ‘options’ end on a positive note.
Additional poetry added by (who else?) the editor-in-chief Adrian J Cotterill