Tuesday, October 05, 2004

FIDDLER IN CRISIS: The planned handover of power in the Mean Fiddler empire - which would have seen Vince Power step down and power pass to Dean James - has been dumped in hugely mysterious circumstances which has seen the Mean Fiddler shareprice tank, Power return as chief exec, James and new chair Richard Clingen out before they'd even got their business cards and - most signifcantly of all - plans for the Fiddler to take over Media Internet Telecom have been dumped. The purchase of MIT had been at the heart of the Fiddler's plans to make music downloads a significant part of its business. The announcement wiped 20 per cent of the stock exchange valuation of the organisation.

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