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Etoys Inc

BUSINESS
February 27, 2001 | LIZ PULLIAM WESTON, TIMES STAFF WRITER
Online retailer EToys said Monday that it will file for bankruptcy and advised shareholders its stock is "worthless." The once-promising toy seller had said this month that it was laying off all its employees after disappointing holiday sales crippled its operations. On Monday, EToys said it would shutter its Web site around March 8 and that it would file for protection from creditors under Chapter 11 of the Bankruptcy Code within 10 days.
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BUSINESS
September 20, 1999 | KAREN KAPLAN
With sales of $24 million last year, EToys has become a household name in the world of online retailing. But Toby Lenk, who founded the Santa Monica company in 1996, said "EToys" was not his first choice as a name for the venture. "I liked Pinata.com," Lenk told the Venice Interactive Community recently. But Frank Han, an early partner who is now EToys' senior vice president of product development, convinced him that the name was "too ethnic" and "too hard to spell."
BUSINESS
November 8, 1999 | JONATHAN GAW
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, 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.
BUSINESS
February 15, 2000 | Reuters
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.
BUSINESS
November 8, 1999 | JONATHAN GAW
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.
BUSINESS
February 1, 2001 | Reuters
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.
BUSINESS
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.
BUSINESS
March 3, 2001 | Bloomberg News
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.
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