We knew something was up at Seesaw Networks [1], 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.
[2]We were finally able to reach Peter Bowen, Seesaw president [3], 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 [4] added by (who else?) the editor-in-chief Adrian J Cotterill