fried dumplings (like gyoza) at 99 Allen
My question on the best Cuban sandwiches in NYC came with a bunch of good replies.
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ArsDigita closes shop, sells assets to Red Hat
02/07/2002 10:39 AM
By Jeff Miller
ArsDigita, a privately held software company in Cambridge, was shut down on Tuesday. At least some of the companyÌs assets, primarily from its professional services division, will be sold to Red Hat Inc., an open-source Linux software company in Durham, NC, according to sources close to the company.
At least half of ArsDigitaÌs 119 employees lost their jobs entirely, sources say. Those let go were given two weeks of severance pay. Other employees will join Red Hat.
A Red Hat spokesperson declined to comment.
Philip Greenspun, an MIT faculty member and an early developer of Web applications, founded ArsDigita in 1997. In published reports, Greenspun has been quoted as saying that he led the company to profitability and $20 million in revenue on a seed investment of $10,000.
The company developed open source, database-intensive Web content management software which it distributed freely. ArsDigita made money by selling services related to the software platform, though it planned to shift toward selling proprietary enterprise collaboration software. The collaboration product was never launched.
In early 2000, ArsDigita took $35 million from two venture capital firms: Greylock, now located in Waltham, and General Atlantic Partners in Greenwich, Conn.
Greylock was also an investor in Red Hat before it went public.
Greenspun and his investors publicly butted heads in April, when Greenspun attempted to regain control of the company. Investors responded by filing suit in a Delaware court. The two sides settled out of court in June, and Greenspun gave up his fight for control. The terms of the settlement were not disclosed, but Greenspun has since purchased an RV and an airplane.
Dan Keshian, a venture partner at Greylock, became ArsDigitaÌs CEO in the second half of last year to lead the company to profitability. Keshian was not present when the shutdown and sale were announced to employees.
Keshian could not be reached for comment.
..."was not present" eh? VC's who don't take responsibility for their actions are spineless and cowardly. As much as I am glad I did not go to work at ArsDigita, I'm sad to hear of it's demise.
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Six Priests Suspended After Claims of Sex Abuse
The Roman Catholic Archdiocese of Boston said today that it had suspended six more priests from all assignments because of accusations that they had sexually molested children in the past.
The suspensions come two weeks after Cardinal Bernard F. Law, in announcing a policy to report past accusations of abuse, said there were no active priests in the archdiocese who had been accused of that.
This whole thing gets worse and worse....
