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BUSINESS
December 8, 1999 | (Bloomberg News)
San Mateo, Calif.-based E-Stamp Corp., which sells postage over the Internet, said it was awarded two new patents as it battles rival Stamps.com Inc. of Santa Monica in the emerging market for online postal services. The company was granted the patents by the U.S. Patent and Trademark office. One involves electronic document certification, which secures messages sent over the Net. The other involves an automatic weighing technique, said E-Stamp counsel Randy Gard.
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BUSINESS
October 10, 2000 | ASHLEY DUNN, TIMES STAFF WRITER
Stamps.com, the Santa Monica-based online provider of stamps and shipping services, said Monday that three of its top officers stepped down, news that caused its once highflying shares to drop to a record low before recovering somewhat. The company's shares fell as low as $3.25, then closed off 13 cents, or 3.5%, at $3.50 on Nasdaq, after the company announced that its president, chief financial officer and comptroller had resigned. The stock traded as high as $98.
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BUSINESS
October 10, 2000 | ASHLEY DUNN, TIMES STAFF WRITER
Stamps.com, the Santa Monica-based online provider of stamps and shipping services, said Monday that three of its top officers stepped down, news that caused its once highflying shares to drop to a record low before recovering somewhat. The company's shares fell as low as $3.25, then closed off 13 cents, or 3.5%, at $3.50 on Nasdaq, after the company announced that its president, chief financial officer and comptroller had resigned. The stock traded as high as $98.
BUSINESS
August 31, 2000 | CATHARINE HAMM, TIMES STAFF WRITER
Wall Street may not think electronic postage is anything to write home about, but for time-crunched consumers, it delivers on their promise of convenience. That's the strength of two relatively new Internet postage vendors, Stamps.com and E-Stamp, which allow consumers and businesses to buy postage at their leisure. Stamps.com and E-Stamp let people use their PCs as postage meters for domestic mail, although each employs a different method of printing that postage. Stamps.
BUSINESS
August 31, 2000 | CATHARINE HAMM, TIMES STAFF WRITER
Wall Street may not think electronic postage is anything to write home about, but for time-crunched consumers, it delivers on their promise of convenience. That's the strength of two relatively new Internet postage vendors, Stamps.com and E-Stamp, which allow consumers and businesses to buy postage at their leisure. Stamps.com and E-Stamp let people use their PCs as postage meters for domestic mail, although each employs a different method of printing that postage. Stamps.
BUSINESS
February 9, 2002 | Bloomberg News
Pitney Bowes Inc., the leading manufacturer of postage meters, said the Justice Department has closed an investigation into whether the company illegally tried to fend off competition from online stamp sellers. The inquiry was closed without any action being taken, Pitney Bowes said. The government started the review in 1999 after Pitney Bowes sued former rival E-Stamp Corp. over patents for Internet postage. The company agreed to pay Pitney Bowes an unspecified amount of damages in June.
BUSINESS
April 30, 1997
Palo Alto-based E-Stamp Corp. said it expects the U.S. Postal Service to approve its Internet postage technology by the fourth quarter of this year. The start-up has developed a product that would enable consumers to purchase, download, store and print postage using a personal computer. . . . Shares of Carpinteria-based Benton Oil & Gas Co. began trading on the New York Stock Exchange under the symbol BNO. Benton's shares had been trading on the Nasdaq Stock Market under the symbol BNTN. . . .
BUSINESS
January 13, 2000 | Associated Press
Internet companies EBay Inc. and E-Stamp Corp. said they have formed an alliance aimed at boosting consumers' ability to print computerized postage at home. The multiyear deal, terms of which were not disclosed, will allow E-Stamp to be prominently featured on EBay's Internet site, which has attracted more than 7.7 million registered users in just a few years.
BUSINESS
August 18, 1999 | Times Wire Services
This summer has witnessed an initial public offering market of the haves and the have-lesses. SilverStream Software Inc., whose products help companies create their own software for electronic commerce, nearly doubled Tuesday in its first trading day. But other IPOs are getting chillier greetings. Burlington, Mass.-based SilverStream (ticker symbol: SSSW) rocketed $15.50 to close at $31.50 on Nasdaq, giving it a market value of $534 million.
BUSINESS
August 10, 1999
Online magazine Salon.com, which recently went public, reported a fiscal first-quarter net loss, including an $11.5-million one-time noncash preferred dividend, of $16.1 million, or $10.10 per share, compared with a loss of $1.4 million, or $3.75, a year ago. Revenue rose to $1 million from $408,000. * Shares of Santa Monica-based Stamps.com Inc. fell 12% after an early rally on news that the U.S.
BUSINESS
December 8, 1999 | (Bloomberg News)
San Mateo, Calif.-based E-Stamp Corp., which sells postage over the Internet, said it was awarded two new patents as it battles rival Stamps.com Inc. of Santa Monica in the emerging market for online postal services. The company was granted the patents by the U.S. Patent and Trademark office. One involves electronic document certification, which secures messages sent over the Net. The other involves an automatic weighing technique, said E-Stamp counsel Randy Gard.
BUSINESS
June 19, 1999 | Bloomberg News
Pitney Bowes Inc., the world's biggest postage meter maker, is under a Justice Department investigation to determine if it is trying to illegally fend off competition from online stamp sellers. The Justice Department issued demands for information from Pitney Bowes after it filed a patent infringement lawsuit against online rival E-Stamp Corp. E-Stamp said it received a similar request from the department on Pitney's business practices. Stamford, Conn.-based Pitney Bowes, with $4.
BUSINESS
November 28, 2000 | Associated Press
E-Stamp Corp. said it's getting out of the online postage business, abandoning a ballyhooed concept that it pioneered. The Mountain View, Calif.-based company will lay off 36 employees--about 30% of its work force--as part of a reorganization that will focus its efforts on helping other businesses order supplies via the Internet. The job cuts come on the heels of a 25% cutback in July.
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