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Thread: Leeware No More!

  1. #1
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    @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
    YOU HAVE UNTIL 08/15/2007 TO BACKUP YOUR STUFF AND FIND ANOTHER PROVIDER
    I APOLOGIZE IN ADVANCE FOR THE HARDSHIP THIS ANNOUNCEMENT HAS CAUSED YOU.
    IF YOU HAVE A SUBSCRIPTION THAT EXTENDS BEYOND 08/15/2007 I CAN REFUND
    YOU THE UNUSED DAYS.CUSTOMERS ON THE TZ SERIES OF VMS YOUR SERVICE WILL
    CONTINUE AND YOU CAN IGNORE THIS NOTICE FOR CUSTOMERS NEEDING MORE TIME,
    THE SERVERS CAN REMAIN CONNECTED UNTIL 08/19/2007 BUT NO LATER, AS I HAVE
    TO MAKE ARRANGEMENTS TO HAVE THE SYSTEM REMOVED FROM THE DATACENTER
    AND THAT COULD TAKE SEVERAL DAYS.
    @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@

    After careful consideration and analysis I have decided to discontinue LeeWare
    Development UVM Service. The Service is debt free. However, as the owner and
    operator of this service it has been a lost investment. While I can
    technically continue the service, I think that it is best If I cut my losses
    sooner than later. There have been many successes and also some
    failures.

    In terms of success, I came to the VM market about 2 years late, built and
    name for myself and established a niche product offering. I completely
    capitalized on the good-value-for-the money aspect VM service hosting. I
    invested heavily in this area and established business relationships that
    while risky, were the right ones for my particular service offerings. I
    saw continued growth through every quarter of each year I've been operating
    the service. There are many other successes however, those are not as
    important as the failures.

    Let's cover some of the failures, the objective of any investment is to make a
    return on that investment there are several ways to accomplish this, there
    are also serveral risks associated with particular types of investments which
    result in negative returns.

    While I was aware of risk associated with each factor, I failed to appreciate
    the costs associated with correcting what turned out to be bad decisions with
    obvious consequences.

    The primary failures are:

    1. Failure to establish contractual relationships with vendors so that the
    costs of service could be fixed for predetermined lengths of time.

    2. Investing heavily in a large infrastructure with little or no control of
    the auxiliary costs of the service infrastructure. (See #1)

    3. Building and maintaining too much capacity for long periods of times before
    I had the business to support the infrastructure so that I could get volume
    pricing. The business eventually came, I had 200% growth in the first
    quarter of this year. Which required additional expansion and capital
    investment.

    4. The decision not to pass increased costs onto existing subscribers and
    carry them at a loss for long periods of time.

    5. Failing to react in a timely manner to developments which threatened the
    long-term viability of the service. (See #1-4)

    ============================

    Lee Evans, Owner/Operator
    LeeWare Development

  2. BitTorrent   -   #2
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    yep got a mail from paypal first

  3. BitTorrent   -   #3
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    interesting..
    1

  4. BitTorrent   -   #4
    Skiz's Avatar (_8(I)
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    Do I foresee a price jump in both Leaseweb and Vectoral in the next day or two?



    ΜΟΛΩΝ ΛΑΒΕ
    The FST Last.fm group

  5. BitTorrent   -   #5
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    Vectoral better not

    anyone recomend me a seeder for usa please

  6. BitTorrent   -   #6
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    Well, prior to the discontinuation of his services, the prize for his lowest entry product was up from 20 to 30 usd - 50 percent. I'm sure that part of his reasons are valid but an increase in prize that large smells like miscalculation. Either that or the possible revenues were too low - a fact that isn't surprising at all as value hosting tends to only produce a small margin of revenue.

    I'm furthermore surprised that this was sent on such short notice, not even two full weeks to process everything.

    Aside from my economical concerns/thoughts Leeware has been a very cheap solution to get their own seedboxes. I'm not all that knowledgeable with matters of VPS servers and their cost but Hosting-IE is probably the only cheap alternative left, isn't it? Most other stuff costs twice as much at least.

  7. BitTorrent   -   #7
    I am sad

  8. BitTorrent   -   #8
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    CUSTOMERS ON THE TZ SERIES OF VMS YOUR SERVICE WILL
    CONTINUE AND YOU CAN IGNORE THIS NOTICE
    The TZ line i think will not be closed. Appear to be better allthough more $$$(for similar specs its $35)
    • DualCore Dual Opteron 280
    • OpenVZ Based VM
    • RAM 256MB-Commit 512MB-Burst
    • HDD 20GB
    • RAID5 + HotSpares
    • 100Mbps Unmetered Shared [1000GB]
    • 1 IP Address (XIP Free with Justification)
    http://www.leeware.com/tz100.html
    http://www.leeware.com/tz200.html
    http://www.leeware.com/tz300.html

  9. BitTorrent   -   #9
    KFlint's Avatar ... BT Rep: +35BT Rep +35BT Rep +35BT Rep +35BT Rep +35BT Rep +35BT Rep +35
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    i don't think leaseweb and vectoral care at all about leeware businness...we are not talking of the same league at all

  10. BitTorrent   -   #10
    necromantic's Avatar ♫ ♪ ♪ ♫ ♪ ♫ ♫ ♪ ♫ ♪ BT Rep: +15BT Rep +15BT Rep +15
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    That really is too bad. I enjoyed my leeware box while I had it, no problems with the service whatsoever. Good value for the bandwidth too.

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