After last week's report of Steve Jobs' heart attack (which turnd out to be a hoax), we found ourselves wondering what it means when a person or a company finds themselves having to correct false rumors.  Well, it seems we're getting a chance to learn that leason the hard way.

This morning Silicon Alley Insider is reporting that AOL is giving the axe to 50 projects.   On that list is Magnify.net.   Wow, that's a shame, since AOL isn't an owner, or even an investor or partner with Magnify.net.  Ouch, they're killing us and they don't even own us.  That's harsh.

We've reached out to our contacts at AOL to see if we can find out what this means, and if they're going to correct  the rumor.   But for now, sufice it to say -- we're alive and well, rocking in fact, and just having brought in another round of funding and having our pro and enterprise sales exceeding expecctations,  we're no danger of going away.  Very much the opposite in fact.

http://www.alleyinsider.com/2008/10/aol-s-hit-list-50-projects-gone-or-going-twx

Update: The good folks at SAI did in fact issue an update: