Advertisement
YOU ARE HERE: LAT HomeCollectionsEngage Inc
IN THE NEWS

Engage Inc

FEATURED ARTICLES
BUSINESS
January 5, 2001 | Bloomberg News
Engage Inc., an Internet advertising company whose shares plunged 96% last year, said it will cut 550 jobs--about half its work force--to reduce costs. Engage said it will restructure to focus on designing and selling interactive-media software, consolidate offices and move to improve results at its media business. The Andover, Mass.-based company expects the changes to help it save $120 million to $150 million a year. The cuts will be accomplished by layoffs, job eliminations and attrition.
ARTICLES BY DATE
BUSINESS
January 5, 2001 | Bloomberg News
Engage Inc., an Internet advertising company whose shares plunged 96% last year, said it will cut 550 jobs--about half its work force--to reduce costs. Engage said it will restructure to focus on designing and selling interactive-media software, consolidate offices and move to improve results at its media business. The Andover, Mass.-based company expects the changes to help it save $120 million to $150 million a year. The cuts will be accomplished by layoffs, job eliminations and attrition.
Advertisement
BUSINESS
July 11, 2001 | Reuters
Internet operator CMGI Inc. said its chief financial officer, who helped build a Web empire in a hurry, has left the company and will be replaced by George McMillan, a Bertelsmann executive, as CMGI dismantles its money-losing operations. Andrew Hajducky, CMGI's CFO for nearly six years, became the first top-level officer to leave CMGI, whose interests include search engine AltaVista and online marketer Engage Inc.
BUSINESS
September 21, 2000 | Reuters
Online marketing firm Engage Inc. said that it plans to cut about 13% of its work force and record a charge to consolidate its business in a move to accelerate profitability. The company, majority-owned by Internet incubator CMGI Inc., said it is consolidating its businesses globally from five divisions to two, Engage Media and Engage Software, and cutting 175 jobs to sharpen its focus on providing interactive marketing services.
BUSINESS
November 14, 2000 | Reuters
CMGI Inc. said it plans to sell its entertainment Web site ICast and free Internet access business 1stUp.com in an effort to boost profitability by the end of fiscal 2001. In its announcement after the markets closed, CMGI said it will take restructuring charges of $8 million to $10 million during the fiscal first quarter that ended Oct. 31 and $75 million to $80 million during the second quarter as it exits ICast and 1stUp.com and restructures Internet marketer Engage Inc.
BUSINESS
August 21, 2001
* Covad Communications Group Inc. said its fiscal second-quarter loss widened to $175.5 million, or $1.01 a share, from $153 million, or $1, a year ago, on higher network costs and charges to close a subsidiary. The high-speed Internet access provider said its loss excluding one-time charges widened to $141.8 million from $152.7 million a year ago. Sales doubled to $87 million.
BUSINESS
August 20, 1999 | Bloomberg News
Compaq Computer Corp. said it invested in a unit of Internet venture-fund company CMGI Inc. to gain online marketing technology. Terms weren't disclosed. In addition, Andover, Mass.-based CMGI completed its $2.3-billion purchase of a majority stake in Compaq's AltaVista search site. Compaq will use technology from CMGI's Engage Technologies Inc. unit to tailor Internet content to customers and post banner ads and promotions on its Web site.
BUSINESS
January 21, 2000 | Bloomberg News
Internet venture fund CMGI Inc., in a move to take on leading Web ad agency DoubleClick Inc., said its Engage Technologies Inc. unit will acquire two CMGI-controlled businesses, Adsmart and Flycast Communications Corp., for about $2.46 billion in stock. In response, Engage shares soared $20.56, or 27%, to close at $97.56 on Nasdaq.
BUSINESS
September 5, 2002 | A Times Staff Writer
The House Financial Services Committee, which is investigating brokerage practices during the bull market, on Wednesday sent letters to Credit Suisse First Boston and Goldman Sachs Group asking for information on their dealings with more than two dozen companies. Here are the companies: * CS First Boston: Caliper Technologies Corp., Commerce One Inc., Digital Impact Inc., DigitalThink Inc., EarthShell Container Corp., Enron Corp., Global Crossing Ltd., Handspring Inc., Intraware Inc.
BUSINESS
May 14, 1999 | Bloomberg News
Gateway Inc., the No. 2 direct seller of personal computers, said it will buy a stake in Internet venture fund CMGI Inc. for $200 million, forming an alliance that will enhance Gateway's online products. The companies will seek joint investment opportunities on the Internet and treat each other as preferred vendors, CMGI said.
BUSINESS
July 21, 1999 | Times Wire Services
MP3.com Inc., which operates a Web site for downloading music, raised $344.4 million in an initial stock sale Tuesday as investors flocked to new offerings despite a plunge in technology shares. The San Diego-based company sold 12.3 million shares at $28 each--above the $24-$26 range set by underwriter Credit Suisse First Boston Corp. The sale represented an 18% stake and gave the company a market value of about $1.86 billion.
Los Angeles Times Articles
|