It did not start out too well for AOL CEO and Chairman Tim Armstrong, with a poll on the screen showing most of the attendees in the ballroom at Fortune Brainstorm Tech voting that the Time Warner online unit was either out of juice or irrelevant.

Armstrong did not break any news in the interview with Fortune’s lively interviewer, David Kirkpatrick, relying more on projecting an I’m-in-charge-here attitude and saying confident things like “a challenge is also an opportunity.”

In general, Armstrong tried to be upbeat about the prospects for AOL, which has for too long been the Web’s sad sack of an Internet company.

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Oh, there had to be much, much gnashing of teeth in the corporate offices at the Time Warner Center in New York yesterday with news of the sale of DailyCandy to Comcast for $125 million.

Why?

Maybe because that tasty payment is going right into the hands of Bob Pittman’s Pilot Group Ventures, which bought the fashion and shopping newsletter business for $3 million in 2003.

This is certainly different from the situation almost exactly six years ago when Pittman–nicknamed “Pitchman” for his smooth business stylings–was driven out of then-AOL Time Warner on the proverbial rail.

If you want a taste of those once-grim times for Pittman, here is an excerpt from my book, “There Must Be a Pony in Here Somewhere: The AOL Time Warner Debacle and the Quest for a Digital Future.”

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In BoomTown’s ongoing quest to overdose on tech conferences, I traveled south of San Francisco last night for Fortune magazine’s Brainstorm: TECH conference.

Run by David Kirkpatrick, it’s well done and a great place to run into a range of techies from Silicon Valley, as well as talk to more creative thinkers on where tech is going.

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While there have been not-so-nice insider books about Facebook, the first major deal to chronicle the rise of the social-networking phenom has been signed by Fortune magazine’s David Kirkpatrick (pictured here).

Titled “The Facebook Effect,” the tome will be (glacially) published in September of 2009 by Simon & Schuster, which noted in a statement that it “will chronicle the amazingly rapid rise of this company as well as the impact it is having on social life, politics, business and even international relations.”

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So Fortune writer David Kirkpatrick, in his weigh-in on Facebook’s potential shakedown of Bill Gates’s wallet–as reported, Microsoft is apparently thinking of investing in the hot social-networking site at a ridiculous $10 billion valuation–called my analysis of the company and its possible shortcomings “glib.”
OK, so I looked up the word in the dictionary, and it [...]

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I stopped into the iMeme: The Thinkers of Tech conference, put on by Fortune magazine yesterday and today in San Francisco, and ran into a passel of the Internet regulars, talking about–you guessed it–the Internet.
You got your John Chambers of Cisco, you got your Sheryl Sandberg of Google, you got your Marc Benioff of Salesforce.com, [...]

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