February 15, 2000 |
CMGI Inc. said it will acquire electronic-commerce service provider Tallan Inc. in a cash and stock deal valued at about $920 million. The Internet fund said Tallan would enable its CMGI Solutions, which helps companies conduct electronic commerce, to boost billable resources by 350%. Clients of Glastonbury, Conn.-based Tallan include computer storage provider EMC Corp., EToys Inc. and Priceline.com Inc.CMGI rose $3.44 to close at $115.50 on Nasdaq.
November 8, 1999 |
Orange County Works will be the beneficiary of an invitation-only fund-raiser Tuesday night honoring technology leaders in Southern California. Organizers expect the benefit, which is sponsored by executive recruiting firm BridgeGate LLC, will raise at least $10,000 for the Santa Ana-based program, which offers job preparation and placement services to foster care graduates, youths on probation and other at-risk teens.
February 1, 2001 |
A group of creditors owed about $100 million by EToys Inc. extended a deadline to refrain from pressing claims against the troubled Internet toy seller while it seeks a buyer or investor to prop up the company, an attorney for the creditors said Wednesday. The creditors group, which includes such names as toy makers Mattel Inc., Hasbro Inc. and Lego Group, had set a deadline of Jan. 31, but extended that until Feb. 15, said Michael Fox, a New York attorney who represents the group.
January 31, 2001
Aliso Viejo staffing firm RemedyTemp Inc., saddled with unpaid invoices from struggling online company EToys Inc., posted lower net income and revenue for the fiscal first quarter. The company, which operates as Remedy Intelligent Staffing, earned $2.9 million, or 32 cents a share, for the three months ended Dec. 31, including a $2-million charge in connection with EToys' failure to pay. A year earlier, the company earned $3.9 million, or 44 cents a share.
March 3, 2001 |
Johnson & Johnson said it bought EToys Inc.'s the BabyCenter Inc. Web site for $10 million. EToys had said Monday that it planned to file for bankruptcy within the next five to 10 days. The Santa Monica-based Internet retailer said it would close its EToys.com Web site about March 8 and intended to sell its assets, including 3-year-old BabyCenter. Johnson & Johnson already operates a number of sites for parents of young children, including Yourbaby.com. Shares of New Brunswick, N.J.
August 30, 2002 |
Kilroy Realty Corp. said a former tenant, bankrupt Internet retailer EToys Inc., is seeking the return of $15 million from two letters of credit. EToys, which declared bankruptcy last year, filed a lawsuit against Kilroy for the return of money drawn on the letters of credit by Kilroy, the Los Angeles real estate company said. EToys signed an 11-year, $100-million lease in late 1999 for a 151,000-square-foot building Kilroy developed in West L.A.
April 20, 1999 |
A highly anticipated first-time stock offering from EToys Inc., the Santa Monica-based online toy seller, is expected to be delayed after the company announced Monday it has agreed to merge with BabyCenter Inc., a San Francisco online firm. Terms of the stock-swap deal were not disclosed. The deal is expected to be completed by July, EToys said. Afterward, BabyCenter shareholders would own about 15% of the combined company.
March 24, 2000
QAD Inc., a Carpinteria-based developer of industry-specific e-business software for manufacturers and distributors, has appointed Kathleen Fisher executive vice president and chief financial officer. Fisher comes to QAD from Adept Technology, a San Jose-based process automation software and hardware manufacturer where she served as the financial executive. * Nissan North America Inc., based in Gardena, has appointed James Morton Jr. to senior vice president, administration and finance.
March 14, 2000 |
Pasadena-based Internet business incubator Idealab said it had raised $1 billion from private investors, which will tide the company over until its initial public offering. Investors in the unusually large round of funding include Dell Computer Corp., BancBoston Capital, Moore Capital Management, T. Rowe Price Associates Inc., 24/7 Media and Idealab founder and Chairman Bill Gross. Idealab, which founded such companies as EToys Inc. and GoTo.
November 7, 2002
Formed in 1996, technology-company incubator Idealab has spun out several public companies over the years. Here are some of the best known and what happened to them: * GoTo.com/Overture Services: Internet search provider went public at $15 a share in 1999. The stock rose as high as $108 that year. It now trades at $24.09, valuing the company at $1.4 billion. * NetZero: Provider of free Internet access went public in 1999 at a split-adjusted price of $80 a share.