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Scott Blum

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BUSINESS
December 10, 1996 | MARTIN MILLER, TIMES STAFF WRITER
In another sign of Pinnacle Micro Inc.'s continuing struggle, the company's interim president and chief executive officer has stepped down, citing "fundamental" differences with the son of the founder. Lawrence Goelman resigned Friday after disagreements with Scott Blum, son of company founder William F. Blum. Scott Blum also resigned from the board. Neither Goelman, who held the chief executive's post for about seven months, nor Scott Blum could be reached for comment.
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BUSINESS
August 11, 2001 | E. SCOTT RECKARD, TIMES STAFF WRITER
Buy.com Inc. founder Scott Blum, whose stake in the company briefly was worth more than $1 billion after it went public last year, announced plans late Friday to buy back the money-losing online retailer, now with a market value of just $23.2 million. In a terse release, Buy.com said Blum will pay 17 cents a share for the Aliso Viejo company's stock, its closing price Friday on the Nasdaq market. Blum owns about 37% of Buy.com's 136.
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BUSINESS
August 11, 2001 | E. SCOTT RECKARD, TIMES STAFF WRITER
Buy.com Inc. founder Scott Blum, whose stake in the company briefly was worth more than $1 billion after it went public last year, announced plans late Friday to buy back the money-losing online retailer, now with a market value of just $23.2 million. In a terse release, Buy.com said Blum will pay 17 cents a share for the Aliso Viejo company's stock, its closing price Friday on the Nasdaq market. Blum owns about 37% of Buy.com's 136.
BUSINESS
August 11, 2001 | E. SCOTT RECKARD, TIMES STAFF WRITER
Buy.com Inc. founder Scott Blum, whose stake in the company briefly was worth more than $1 billion after it went public last year, announced plans late Friday to buy back the money-losing online retailer, now with a market value of just $23.2 million. In a terse release, Buy.com said Blum will pay 17 cents a share for the Aliso Viejo company's stock, its closing price Friday on the Nasdaq. Blum still owns about 37% of Buy.com's 136.
BUSINESS
August 11, 2001 | E. SCOTT RECKARD, TIMES STAFF WRITER
Buy.com Inc. founder Scott Blum, whose stake in the company briefly was worth more than $1 billion after it went public last year, announced plans late Friday to buy back the money-losing online retailer, now with a market value of just $23.2 million. In a terse release, Buy.com said Blum will pay 17 cents a share for the Aliso Viejo company's stock, its closing price Friday on the Nasdaq. Blum still owns about 37% of Buy.com's 136.
BUSINESS
October 23, 1999 | JONATHAN GAW, TIMES STAFF WRITER
Scott Blum has resigned as chairman of Aliso Viejo-based Buy.com Inc., one of the largest online retailers. Blum, who founded the company in 1996 and gave up the role of chief executive in March, said he left the company on Sept. 2 to lead another start-up, BuyNow.com Inc., an e-commerce software and services company that is being spun off from Buy.com, and to form a venture capital firm, ThinkTank.com.
BUSINESS
July 17, 2000 | ROBIN FIELDS, TIMES STAFF WRITER
At 36, the man best known for founding online superstore Buy.com Inc. has started four companies, made three fortunes, lost two and emerged as one of the pivotal players in the Southland's technology industry. Despite a resume that features enough failure and controversy to curb a more timid person's appetite for risk, Scott Blum keeps upping the ante--and persuading some of the industry's most respected names to gamble on him.
BUSINESS
May 24, 2006
Internet retailer Buy.com has named Neel Grover chief executive. Grover had served as chief operating officer and president. Scott Blum, the company's founder, will remain chairman. He had been serving as chairman and CEO since taking the company private in 2001.
BUSINESS
July 15, 1998
BuyComp LLC, a 2-year-old retailer of computer products on the Internet, has added another corporate heavyweight to its board of directors. The Aliso Viejo-based company said Tuesday that John Sculley, former chief executive of Apple Computer, has joined the board. Other board members are Donald M. Kendall, former chairman and chief executive of PepsiCo Inc.; Charles Richion, former director of U.S. sales at Hewlett-Packard Co.; James B. Roszak, former president of Transamerica Life Cos.
BUSINESS
November 28, 2001 | Reuters
Shareholders of Buy.com Inc. approved founder Scott Blum's buyout of the Internet retailer, which he is taking private, the company said. "At the close of business today, Buy.com will no longer be publicly held or traded on the OTC Bulletin Board," the Aliso Viejo-based company said in documents filed with the Securities and Exchange Commission. Blum purchased Buy.com for $23.6 million, or 17 cents a share, the company said.
BUSINESS
July 17, 2000 | ROBIN FIELDS, TIMES STAFF WRITER
At 36, the man best known for founding online superstore Buy.com Inc. has started four companies, made three fortunes, lost two and emerged as one of the pivotal players in the Southland's technology industry. Despite a resume that features enough failure and controversy to curb a more timid person's appetite for risk, Scott Blum keeps upping the ante--and persuading some of the industry's most respected names to gamble on him.
BUSINESS
October 23, 1999 | JONATHAN GAW, TIMES STAFF WRITER
Scott Blum has resigned as chairman of Aliso Viejo-based Buy.com Inc., one of the largest online retailers. Blum, who founded the company in 1996 and gave up the role of chief executive in March, said he left the company on Sept. 2 to lead another start-up, BuyNow.com Inc., an e-commerce software and services company that is being spun off from Buy.com, and to form a venture capital firm, ThinkTank.com.
BUSINESS
December 10, 1996 | MARTIN MILLER, TIMES STAFF WRITER
In another sign of Pinnacle Micro Inc.'s continuing struggle, the company's interim president and chief executive officer has stepped down, citing "fundamental" differences with the son of the founder. Lawrence Goelman resigned Friday after disagreements with Scott Blum, son of company founder William F. Blum. Scott Blum also resigned from the board. Neither Goelman, who held the chief executive's post for about seven months, nor Scott Blum could be reached for comment.
BUSINESS
November 28, 1995
Computer memory systems manufacturer Pinnacle Micro Inc. said Monday it has declared a 50% stock dividend, the first by the Irvine company since its initial public offering in 1993. Under terms of the Dec. 15 payout, one share will be issued for each two shares owned by stockholders of record Dec. 1. Executive Vice President Scott Blum said the action is designed to increase the number of shares available in public markets. About 55% of Pinnacle's 5.
BUSINESS
December 10, 1996
Pinnacle Micro Inc., an Irvine-based maker of optical data storage devices, said its interim president and chief executive, Lawrence Goelman, has resigned, citing fundamental differences with Scott Blum, son of founder William F. Blum, and a board member. Kenneth Campbell was named president. Pinnacle Micro laid off 15% of its work force in May and in October posted quarterly losses of $7.8 million. Its shares lost 25 cents Monday to close at $4.75 on Nasdaq.
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