Vignette - as viable as the Titanic

While the ride for this CMS vendor lasted longer than its nautical counterpart, I have to agree with Kas Thomas at CMS Watch. The iceberg's been struck:

* Total revenue for fiscal year 2007 was $191.8 million, down 3% from fiscal year 2006.
* Year-over-year license revenue: down 15.5%.
* Year-over-year services revenue: up 3.5%.
* R&D spending: down 8.9%.

And all of this on the heels of a Q3 alone that produced year-over-year license revenues which were down by 50% (yes, FIFTY).

Now watch everyone scatter for the lifeboats:

1/10/2008 - Leo Brunnick (Vignette Senior VP, Products and Marketing) announces intent to resign. His last day was the 25th

1/16/2008 - Vignette GM for EMEA is replaced

1/25/2008 - Graham Pullen, GM for APAC, resigns

Time to let this one go Kate Winslet style (sorry Leo [DiCaprio], er, Vignette).