May 7, 2003 |
EUniverse Inc., an interactive entertainment network, said Tuesday that its fiscal second- and third-quarter earnings and sales were overstated. The inflated results in the periods ended Sept. 30 and Dec. 31 may have been caused by some improperly processed transactions. An investigation is continuing, EUniverse said. A restatement of results for the two quarters will lead to a material change, the Los Angeles company said, without providing specific estimates.
January 11, 2000 |
An extortionist posted on the Internet credit card data stolen from CD Universe after the music shopping Web site refused to give in to a demand for $100,000, its parent company said Monday. EUniverse Inc. said the unidentified offender claimed to have copied credit card data from about 300,000 accounts. The company reported the threat to the FBI on Saturday and shut down the Web site after discovering some of the customer information was placed on the Internet.
March 12, 2002 |
Weeks after the Securities and Exchange Commission launched an investigation into L90 Inc., the Marina del Rey-based online marketer said Monday that it removed its top financial officer and ended a pending merger with entertainment firm EUniverse Inc. Chief Financial Officer Thomas Sebastian has been placed on administrative leave, and Chief Executive and President John Bohan has resigned. Mitchell Cannold, former chief operating officer of the Web site Space.com, will replace Bohan.
February 9, 2001 |
EUniverse Inc., an operator of entertainment Web sites, said Thursday that its fiscal third-quarter loss widened as revenue soared eleven-fold on increased direct marketing and advertising sales. The Los Angeles-based company said its loss from continuing operations for the quarter ended Dec. 31 widened to $2.7 million, or 15 cents a share, from $2.1 million, or 13 cents, a year earlier. Revenue rose to $4.6 million from $400,000.
January 29, 2004 |
There's an old joke about how university campus politics are so vicious because there's so little at stake. From that, we might conclude that the proxy fight over the Internet company EUniverse Inc. would have been more dignified had it concerned an operation that actually turned a profit over the last year and didn't spend several months in the doghouse of a Nasdaq trading suspension. Instead, the battle pitting EUniverse's founder and ex-chairman, Brad D.
March 22, 2002 |
L90 Inc., a Marina del Rey Internet marketing company, said its chief financial officer resigned and that it paid EUniverse Inc. an undisclosed amount to end their merger amid an investigation into its accounting by the Securities and Exchange Commission. CFO Thomas Sebastian had been on administrative leave since March 10 and resigned from the position Tuesday. Company officials weren't available to comment.