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Electronic Commerce

NEWS
May 2, 2000 | EDMUND SANDERS, TIMES STAFF WRITER
The founder and TV pitchman for mortgage lending leader Ditech.com in Costa Mesa abruptly resigned Monday after three of his top managers were indicted for allegedly trying to extort kickbacks from a Pittsburgh real estate services firm. J. Paul Reddam, 44, a former philosophy teacher who stars in Ditech.com's ubiquitous television commercials, has not been charged with any wrongdoing. A spokesman for the company, a unit of General Motors Corp.
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BUSINESS
July 1, 2000 | ANDREW BLANKSTEIN, TIMES STAFF WRITER
Vivid Entertainment Group, which has built itself into the dominant player in the adult video business, has its eyes set on a new conquest: Wall Street. The Van Nuys-based company plans to go public by the end of the year in a bid to raise cash to buy companies and content. The IPO will also fund investments in Internet broadband technology, a new production division and marketing, President Bill Asher said Friday. Asher said Vivid is in the process of talking to underwriters.
BUSINESS
October 29, 1998 | Bloomberg News
PointCast Inc., which broadcasts information and advertisements over the Internet, said it will unveil a shopping service for users in an effort to expand its offerings and retain customers. PointCast said it will unveil an electronic-commerce service called MarketPlace, where users can find links to buy computer hardware, books or other merchandise. PointCast said its MarketPlace Web site will be sponsored by Visa. It has also struck partnerships with Amazon.com Inc.'
BUSINESS
September 16, 1999 | Karen Kaplan
Idealab, the Pasadena-based Internet business incubator, launched an electronic commerce company Wednesday aimed at the $280-billion home decorating market. MyHome.com sells items ranging from kitchen fixtures and toilets to picture frames and candles online at http://www.myhome.com. The Pasadena start-up plans to add furniture, linens, wallpaper and other products in the coming months. MyHome.
BUSINESS
March 13, 1998
A Colorado Internet services company said Thursday that it has consolidated 30 local and regional affiliates nationwide, including two Orange County operations that it melded into one and now calls Verio Southern California. Verio Inc. said the consolidations are aimed at improving the company's presence in each of the 33 U.S. markets it serves.
BUSINESS
March 9, 1999 | Bloomberg News
Vulcan Ventures Inc., the investment company headed by billionaire Paul Allen, is funding a new electronic commerce company that is developing a shopping service for the Internet, cable TV and other emerging media. Bellevue, Wash.-based Mercata Inc. is developing a Web site and shopping service that will let consumers shop on the Internet and cable TV for consumer electronics, home appliances, tools, watches and sporting goods.
BUSINESS
March 8, 1999 | DEBORA VRANA, TIMES STAFF WRITER
The suitors are lining up for WeddingChannel.com--and they're offering a lot more than flowers. This week, the Los Angeles-based Internet commerce firm is expected to announce that the private investment fund of multibillionaire Michael Dell, chief executive and founder of Dell Computer Corp., has invested an undisclosed sum in the company. The investment by New York-based MSD Capital is expected to be inked this week.
BUSINESS
October 11, 2000 | Reuters
Metromedia Fiber Network Inc., a builder of urban fiber-optic networks, said that it will buy SiteSmith Inc., a Santa Clara, Calif.-based start-up supplier of Web site services, in a $1.36-billion stock deal. The purchase adds SiteSmith's services that help electronic commerce sites handle high transaction volumes. Metromedia Fiber said that SiteSmith shareholders would get between 55 million and 62.
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