The Wiretap Intercept No. 070314
opinions and skeptical speculations too small to fit into an Industry Gadfly column

> It seems that, just like Aprio, for some unannounced reason (there's no
> press release nor any notice on the company web page) the founding CEO
> of Pyxis, Naeem Zafar, is now unexpectedly missing and he's subsequently
> been replaced by the Pyxis VP of Engineering, Joe Hutt.
>
>     - from http://www.deepchip.com/wiretap/070310.html


I howled with laughter when last night Joe Hutt reported to Richard Goering
that Pyxis was "doing well" and that:

  "Zafar left about two weeks ago, Hutt said.  'He was looking to pursue
   some entrepreneurial coaching that he had been thinking about for
   quite some time.  We talked about making a transition to a more
   technical leadership, and the board decided it was time to make the
   change.'  Hutt said Zafar's departure was a 'mutual decision' between
   Zafar and the company's board."

Hahahahahahahaha!  This is just too funny!  Who the hell leaves a supposedly
successful start-up to pursue "entrepreneurial coaching"?!!!  WTF??  I don't
care if Naeem himself writes me, I still don't believe it.  I've never heard
of a case anywhere where a CEO permanently left his "successful" company to
get some sort of "entrepreneurial coaching".  Not once.  Not in any industry.

Now if I was stuck in Joe Hutt's position and I wanted to have some fun, I
would have told Goering a much more colorful whopper:

  "Zafar left because he's the secret father of Anna Nicole Smith's baby
   and he needs to focus his attention on getting legal custody," Hutt
   said.  "Let's be realistic folks.  What's the best Naeem can make as
   an EDA CEO?  A few million?  As Anna's baby's father, he can score an
   easy 1/2 billion!  Easy!  I don't blame him one bit."

Of course this pitch would be just as lame as that lame ass "entrepreneurial
coaching" alibi, but at least it'd be more entertaining!  :)

         ----    ----    ----    ----    ----    ----   ----

(All joking aside, I have to again express sympathy to the approx. 40 or so
Pyxis employees.  For your sake, I hope my earlier predictions are wrong.)

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