February 22, 2001 |
The Industry Standard, the self-proclaimed weekly "newsmagazine of the Internet economy," provided another sign of the sobering times by laying off 69 employees, or 16% of its work force. The San Francisco-based magazine now has laid off 22% of its staff since Jan. 1 as its holding company, Standard International Media, unravels an ambitious expansion undertaken during last year's heady times.
August 28, 2001 |
Standard Media Inc., parent company of the once-highflying dot-com magazine the Industry Standard, filed for bankruptcy protection, one week after it ceased publication and laid off most of its staff. Clerks at the U.S. Bankruptcy Court in San Francisco confirmed the filing, which set the stage for the court to supervise the sale of Standard Media's assets, including the magazine's subscriber list, trademarks, computers and office furniture.
April 11, 2001 |
A spokeswoman for the Industry Standard Europe said the weekly Pan-European Internet industry magazine will suspend publication with its April 16 issue. The spokeswoman for the magazine's majority owner, Boston-based International Data Group, said the Industry Standard Europe's Web site will continue operating and staff will continue contributing to the Industry Standard, the popular U.S. Internet industry magazine.
CALIFORNIA | LOCAL
July 11, 2000
For more on stocks and investing, check out these sites: www.better-investing.org: National Assn. of Investors Corp. Nonprofit educational organization for investors. List of clubs, events, favorite stocks and tax tips. www.Scrollables.com/15: Scrollodex's list of investor resource Web sites from Bankrate.com to Zacks.com. www.thestandard.com/subject/finance: Online version of the Industry Standard magazine.
October 2, 1999 |
One of Wall Street's most closely watched Internet bulls said Friday that stocks in the category are "fantastically expensive" and warned that a shakeout is likely. Merrill Lynch & Co. analyst Henry Blodget, who late last year predicted the astonishing stock surge of Amazon.com and others, said in an interview that "we are probably nearing the end of a cycle" in Net stocks. "We are moving out of the period of low-hanging fruit."
March 16, 2003 |
When Cliff Gerrish joined upstart Bay Area investment bank W.R. Hambrecht & Co. as head of Web development, excitement was in the air. Every Friday night in downtown San Francisco, dot-com revelers sipped drinks and smoked Cuban cigars on the roof of the now-defunct Industry Standard magazine. "They were partying like it was 1999, and it was," he said. Hambrecht envisioned using online auctions to revolutionize the way new stock offerings were distributed.