Wednesday, March 14, 2012

Carbonite leaves Rush - another reason to choose Mozy



I have been a Mozy user and affiliate for a number of years now and have been quite happy with their service.  Some of my past posts have included:
Mozy and homeschooling ebook backup.
What's Your Backup Plan?
Computer Backup.

Last week's brouhaha over Catholic institutions' right to choose NOT to violate their consciences by providing contraception coverage in their insurance plans as highlighted by the infamous/activist Ms. Sandra Fluke's "testimony" and Rush Limbaugh's unfortunate comments with the ensuing  apology, and Carbonite's subsequent pull of its advertising, made me appreciate my association with Mozy even more.

Rush and Carbonite, the other computer backup system, had a long history.  In fact, I first learned about off site computer back up by listening to Rush's show and the commercials about Carbonite.  I even had Carbonite on one of my computers for a while for the free trial and absolutely loved it.  But at the time, money was tight and I couldn't afford the $59 up front yearly fee for the service. So I did some searching and found Mozy Back up Systems at a very affordable low monthly rate.  I've been a subscriber ever since and became an affiliate shortly after.

Mozy backs up my computer regularly every day so I never have to worry about that.  I have also had the need to have my files returned to me when my hard drive died.  As I recall there was a short waiting time and then I got it all back - sweet!  and very worth the anxiety and headache losing all my files would have cost me!

But now I'm even more pleased that I went with Mozy instead of Carbonite.  Carbonite has a  blatant  double standard over the kinds of free speech it will and won't stand for. And while it is all concerned about offending its female customers I guess it doesn't care much if it offends its Catholic customers. So I'm sure they won't miss me.  Or my husband and his business - or my sons and what they use on their computers.

I'm not the only one who feels this way either.  A Tow Dog expressed this nicely in their post, "LAST note to Carbonite; I chose Mozy over you."

Maybe Carbonite will eventually regret it's hasty retreat - Carbonite stock plummeted after its decision to abandon the Limbaugh Show. 

In the meantime I'm sending a letter of appreciation to Mozy and intend to continue my Mozy Online Backup  for only $5.99/Month



2 comments:

"Ness" said...

NASDAQ:CARB – A DINOSAUR DOT-COM DISASTER

Carbonite’s first-and-only Annual Report (2011) reveals a seven-year-old dot-com disaster on the fast-track to insolvency.

Just as the Sandra (you-should-pay-for-my-birth-control) Fluke controversy was breaking out, Carbonite reported that it is $100 million in the hole, burning $2 million per month, and that there is no end in sight to its huge losses!

“We experienced net losses of $19.2 million for 2009, $25.8 million for 2010, and $23.5 million for 2011, respectively, and have an accumulated deficit of $100.4 million as of December 31, 2011.”

“We have not generally achieved positive cash flow from our operations or reported net income, and we do not expect to be profitable for the foreseeable future.”

http://www.sec.gov/Archives/edgar/data/1340127/000119312512101462/d277280d10k.htm

Carbonite had less than six months to live ($11 million cash) when it announced a desperation ‘Hail Mary’ IPO.

http://www.sec.gov/Archives/edgar/data/1340127/000095012311049041/b86123sv1.htm

Carbonite initially proposed a $122 million IPO but sold only $62 million, netting $55 million.

Furthermore, the WSJ reports that there were serious disclosure delay issues with existing venture capital insiders:

“To get the deal done, online storage company Carbonite not only cut the offer price significantly, but it also sold nearly half of the new shares to existing investors.”

“But these investors didn't fully disclose their larger ownership stakes for weeks, meaning the level of genuine, external interest in Carbonite's shares wasn't nearly as high as some may have thought.”

http://online.wsj.com/article/SB10001424052970204485304576643433842326332.html

When its piggy bank is empty, Carbonite must either go bankrupt or be liquidated by acquisition in a fire-sale auction of its tangible assets.

By withdrawing its ads from his talk-radio show, Carbonite has spared Rush Limbaugh the embarrassment of being associated with the impending collapse of a yet another “spectacular dot-com flameout.”

Elena LaVictoire said...

... or by withdrawing their ads in such a public and controversial way, they hastened the inevitable.

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