Flotsam
11-03-2002, 12:35 PM
Just an interesting comment since I have been reading all these posts about people bitching about Sony "owning all of EQ now".
You realize (I hope) that Verant (before it was called that) was originally a division of Sony, right? That it was spun off as an "independent" company back in early '99 and that Sony still owned a majority stake? And that within months of EQ going live back in '99 Sony had repurchased Verant, lock, stock and barrel? Verant hasn't been an independent company (in my opinion) ever. The only thing that has changed has been the logos on your login screen and some accounting maneuvering. Don't forget that on the first EQ box Verant's logo didn't even show up - because they hadn't decided what to name the new "independent"development company yet :)
I'm sure people understand the difference between writing off software development expense, versus capital investment in a software 'startup'. Think about it, and think about how Sony was paniced because EQ was running so overbudget and so late, and you will understand exactly why Verant was created, and why after EQ was shown to be successful Verant was sucked back into the Sony portfolio. But don't talk any more about Verant vs. Sony - they have always been the same company.
You realize (I hope) that Verant (before it was called that) was originally a division of Sony, right? That it was spun off as an "independent" company back in early '99 and that Sony still owned a majority stake? And that within months of EQ going live back in '99 Sony had repurchased Verant, lock, stock and barrel? Verant hasn't been an independent company (in my opinion) ever. The only thing that has changed has been the logos on your login screen and some accounting maneuvering. Don't forget that on the first EQ box Verant's logo didn't even show up - because they hadn't decided what to name the new "independent"development company yet :)
I'm sure people understand the difference between writing off software development expense, versus capital investment in a software 'startup'. Think about it, and think about how Sony was paniced because EQ was running so overbudget and so late, and you will understand exactly why Verant was created, and why after EQ was shown to be successful Verant was sucked back into the Sony portfolio. But don't talk any more about Verant vs. Sony - they have always been the same company.