seek.com

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    ohn Fairfax has been widely pilloried for missing its opportunity to invest in Seek.com and it seems the newspaper company is still deluding itself that the booming Packer-backed online jobs business is not all it's cracked up to be.

    An internal Fairfax assessment of the Seek prospectus – headlined "The Seek prospectus: blue sky for who?" – has been leaked to Crikey and it's damning, attacking Seek for making false claims, misrepresenting the US jobs market, underplaying the cyclical nature of classifieds, using cynically timed graphs and generally over-selling the business case.

    http://www.crikey.com.au/articles/2005/04/20-1428-514.html
 
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