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.
September 10, 2002 |
EUniverse Inc. said it acquired ResponseBase, a closely held Santa Monica online marketing company, for an undisclosed amount of cash. EUniverse, an interactive entertainment network, said that ResponseBase is profitable and that the acquisition is expected to add to operating results for fiscal 2003. Los Angeles-based EUniverse will issue updated financial guidance in late October, when it releases fiscal second-quarter results.
June 21, 2003 |
L.A.-based Web site operator EUniverse Inc. said Friday that it has been notified that it may be delisted from the Nasdaq SmallCap Market. The company said the Nasdaq staff was unable "to assess [EUniverse's] current financial position and its ability to sustain compliance with Nasdaq's continued listing requirements." The company said it has requested a hearing on the delisting warning. The company also said that six shareholder lawsuits have been filed against EUniverse.
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.
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.
December 20, 2002 |
When Michael Jackson dangled his baby over a balcony in Berlin last month, the collective outrage could be heard far and wide. "Those kids ought to be taken from him," some parents and some in the media cried. Well, now there's a way for you to save Michael Jackson's kids. Sort of. Madblast.com, a comedy Web site owned by Los Angeles-based eUniverse Inc.