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Stocks T / The Knot, Inc.


Subject:  Re: we're being sued Date:  10/27/2000  11:44 PM
Author:  babybull Number:  38 of 127

I sold this morning, feeling kind of blindsided by this lawsuit. Shook my faith in the management team. It's too early in our business cycle for us to be getting sued, by anybody, and I consider it to be a bad sign. It suggests

a) we bought Weddingpages without knowing what the hell we were doing

b) management is unable to effectively deal with problems when they arise

The competing press releases are a frigging joke. Apparently the theory is, The Knot won't have to deal with its franchisees in the future, might as well burn the bridges now. Unbelievable.

I still like this business model very much, but I have lost my faith in management's ability to execute the model. So I'm out. Best of luck to all investors.

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