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Razorfish Inc

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BUSINESS
October 6, 2000
Razorfish Inc., an Internet consulting and services firm, said it expects third-quarter earnings will be lower than expected because of a seasonal impact in Europe and a strong dollar. The news sent shares down $3.50, or 40%, to $5.25 in after-hours trading, according to Instinet. In regular trading, shares fell $1.06 to close at $8.75 on Nasdaq.
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BUSINESS
October 6, 2000
Razorfish Inc., an Internet consulting and services firm, said it expects third-quarter earnings will be lower than expected because of a seasonal impact in Europe and a strong dollar. The news sent shares down $3.50, or 40%, to $5.25 in after-hours trading, according to Instinet. In regular trading, shares fell $1.06 to close at $8.75 on Nasdaq.
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BUSINESS
February 6, 2001
Technology consulting firm Razorfish Inc. said it has cut 400 jobs, or 21% of its work force, as part of an effort to cut costs by $70 million this year. . . . Harmonic Inc., a maker of equipment used for accessing the Internet via cable television lines, said it will cut about 100 jobs, or about 10% of its work force, after some major customers significantly scaled back spending in recent months. . . . InfoSpace Inc.
BUSINESS
August 11, 1999
Razorfish Inc., which creates Web sites for online firms, agreed to buy computer-system advisor and designer International Integration Inc. for $677 million in stock. New York-based Razorfish will pay 0.875 of its shares for each International Integration share, or about $21.88 each. Cambridge, Mass.-based International Integration had sales of $41.2 million and Razorfish had sales of $13.8 million in 1998. On Nasdaq, Razorfish shares fell $3.
BUSINESS
October 19, 2000 | Associated Press
Razorfish Inc., a New York-based Web site designer, plans to fire as many as 200 employees, or 10% of its staff, less than two weeks after it warned that third-quarter results won't meet forecasts. Company spokesman Toby Usnik said the move is part of an effort to remain profitable. In addition to designing Web sites, Razorfish also advises businesses on strategy for the Internet. Its shares fell 43% on Oct.
BUSINESS
September 5, 2002 | A Times Staff Writer
The House Financial Services Committee, which is investigating brokerage practices during the bull market, on Wednesday sent letters to Credit Suisse First Boston and Goldman Sachs Group asking for information on their dealings with more than two dozen companies. Here are the companies: * CS First Boston: Caliper Technologies Corp., Commerce One Inc., Digital Impact Inc., DigitalThink Inc., EarthShell Container Corp., Enron Corp., Global Crossing Ltd., Handspring Inc., Intraware Inc.
BUSINESS
March 6, 2001
* Bank of America has promoted Helen Dong-Hansa senior marketing executive for California. She will be responsible for planning and implementation of statewide marketing programs and for the bank's statewide marketing staff. She will be based in Los Angeles. * Jeff Broudy has joined Creative Light Entertainment as president. A co-founder of Stopwatch Entertainment Network, Broudy will oversee business operations. * Razorfish Inc.
BUSINESS
September 29, 1999
* TruServ Corp. said its ServiStar and Coast to Coast chains may be renamed True Value as the closely held hardware retail cooperative tries to better compete with Home Depot Inc. and Lowe's Cos., the largest U.S. sellers of home-improvement products. More than 3,000 ServiStar and Coast to Coast stores have the option to change their names, which would bring the total True Value locations to more than 8,000.
BUSINESS
April 21, 2006 | From Bloomberg News
JPMorgan Chase & Co., one of dozens of banks sued by investors who claimed the companies rigged initial public offerings during the 1990s Internet stock boom, agreed to pay $425 million to settle the case, the bank said Thursday. JPMorgan would be the first to resolve the allegations, leaving Morgan Stanley, Credit Suisse, and Goldman Sachs Group Inc. among the remaining defendants. The agreement may pressure more banks to settle.
BUSINESS
September 2, 2000 | From Bloomberg News
Shares of Viant Corp. (ticker symbol: VIAN), Sapient Corp. (SAPE) and other companies that help set up Web sites tumbled after Viant said it will post a third-quarter loss because Internet start-ups are struggling to pay their bills and bigger customers are rethinking their Web strategies. Viant shares plunged $5.69, or 41%, to $8.19 in Nasdaq trading. Sapient dropped $7.75, or 15%, to $44.75, and Scient Corp. (SCNT) fell $5.06, or 19%, to $22. Netopia Inc. (NTPA) fell $9.75 to $26.
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