IntraLinks... BANKRUPT!!!

Looks like the $295MM in debt has caught up with IntraLinks. Revenue is down significantly years over 2007-2009 due to soft/non-existent loan market... drop in M&A, non-competitive corporate solution, PE, and Life Sciences...

As of today.. it was anounced that there are massive layoffs happening again!!! What gives? Is the community sending it's business elsewhere??? Something they seem to be SERIOUSLY considering... They are losing service people and market-share quickly..

What about management? Who is leading IntraLinks into the abyss??? Who buys a company for $475+MM and appoints a CEO without leadership experience? What about sales management??? Kidding? Right? Sounds like the party is ending... Time for the Board to take serious action. It's no longer about cutting costs... its about cutting HEADS!!!

The investors cannot be happy!! But...Are they willing to ACT?? That IS the question...

There is a woman in the communications department at Intralinks named Julie Mandelbaum who is just nasty and negative to anyone and everyone who comes into contact with her. She constantly complains, never praises and blames others for things that are not their faults. She's condescending and horrible. Don't ever work near her. How she found someone to marry her, I'll never know.

The other people at Intralinks are just plain weird... Pat Wack, etc. It's a useless company that chews people up and spits them out to fund Wacky Wack's next trip to Maine.