Thursday, November 18, 2004

Does Netflix have a handle on its business?: "If ever there was proof that Netflix management doesn't have a handle on it business, which is a nutty business at that, it came in the form of a press release Wednesday that raised and lowered forecasts. This is a company that in recent months raised prices, lowered prices, raised guidance, lowered guidance and now gives us a little of everything—and for the life of me, I can't understand why investors would cheer this news."—CBS MarketWatch

The drumbeat of negative press coverage of NetFlix is growing louder. If they go out of business, do I get to keep the three DVD's I have out?