Type some content with lt, gt. In my case I was explaining where blogs go: <baseurl>/blogs
Select that text, hit link button, switch to URL tab, paste a url, hit insert.
The content inside the lt, gt disappears. You get just "/blogs" as the link text.
Switching to plain text view confirms that this is the case: that the text has disappeared.
I have logged this as an error here: http://www.jivesoftware.com/issues/browse/CS-1167
Thanks for the help with this issue; finding bugs in our software allows us to fix them and deliver a better product.
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