Advertisement
YOU ARE HERE: LAT HomeCollectionsShopping Com
IN THE NEWS

Shopping Com

FEATURED ARTICLES
BUSINESS
March 26, 1998 | Russ Stanton
Shopping.com Chief Executive Robert J. McNulty said Wednesday that the online retailer is "cooperating fully" with a Securities and Exchange Commission investigation into the trading of its stock. McNulty, in a three-paragraph statement, also said he "fully expects" the company's shares to resume trading when the 10-day ban expires April 6. The SEC implemented the trading ban Tuesday, saying it was looking into possible market manipulation of the stock. Some traders are blaming Waldron & Co.
ARTICLES BY DATE
BUSINESS
June 2, 2005 | From Bloomberg News
EBay Inc. agreed Wednesday to buy Shopping.com, an online price-comparison website, for about $620 million in cash, giving the largest Internet marketplace another platform where sellers can list merchandise. EBay said the acquisition of Brisbane, Calif.-based Shopping.com would offer EBay sellers a new way to reach consumers. The $21-a-share deal price is 20% more than Shopping.com's closing price Wednesday. Shopping.
Advertisement
BUSINESS
May 30, 1998 | Daryl Strickland
Continuing a series of legal charges and countercharges, Irvine-based brokerage Waldron & Co. Inc. filed Friday for arbitration to resolve a complaint alleging that Bear, Stearns Inc. refused to honor trades in stock of Shopping.com, a Corona del Mar Internet retailer. Waldron asked the National Assn. of Securities Dealers to hear charges that Bear, Stearns refused to honor stock purchases totaling $900,000 for Waldron's customers.
BUSINESS
October 26, 2004 | From Bloomberg News
Shopping.com, a price-comparison website, will sell as much as $142 million in stock in an initial public offering to raise cash for general corporate purposes including possible acquisitions, the company said in a prospectus Monday. The Israel-based company will sell 6.87 million shares, including 1.8 million offered by shareholders, at $18 each, it said in the filing with the Securities and Exchange Commission.
BUSINESS
February 11, 1998 | (Russ Stanton)
Internet retailer Shopping.com said Tuesday it inked a deal with a direct-marketing company in which more than 200 sales representatives will sell Shopping.com's business and offices products to Fortune 500 companies. Shopping.com's stock jumped 11%, or $2.72 cents, to $26.72 in Nasdaq trading. En Point Technologies, in a two-year marketing and distribution agreement, will sell some 15,000 office products offered through Shopping.com directly to the nation's biggest companies. Robert J.
BUSINESS
March 28, 1998 | From Dow Jones News Service
A cable news station reported Friday that up to 23% of beleaguered Shopping.com's revenue consists of purchases made by Waldron & Co., the brokerage that took the Internet retailer public. It would be highly unusual for Waldron, as the underwriter, to also be the source of such a large share of Shopping.com's revenue, according to the report by MSNBC. The latest report adds to the controversy over possible manipulation in Shopping.com's stock price.
BUSINESS
August 22, 1998 | Dow Jones
Shopping.com's stock was pounded Friday in the wake of the troubled Internet retail firm's disclosure that it must raise $26 million over the next year to stay afloat. Shares of the Corona del Mar company tumbled 30.7%, or $6.75, to close at $15.25. The struggling Internet retail firm has been negotiating for months to attract private investors. John Markley, Shopping.com's chief executive, didn't return phone messages.
BUSINESS
March 17, 1998 | E. SCOTT RECKARD, TIMES STAFF WRITER
Stock in Corona del Mar-based online retailer Shopping.com fell 31% Monday after critics questioned its prospects as well as any role the brokerage that sold its stock in November may have had in keeping the price high. The stock, which trades over the counter, fell $10.14 to close at $21.88, though some trades in the $24 range were reported after regular trading hours. The brokerage, Waldron & Co.
BUSINESS
May 21, 1998 | Daryl Strickland
NASD Regulation Inc., the enforcement arm of the National Assn. of Security Dealers, rejected a plea for arbitration against Waldron & Co. of Irvine and its clearing broker, Los Angeles-based Wedbush Morgan Securities, that alleged manipulation of Shopping.com shares. Eagle Opportunities Fund, which filed the complaint, "does not have the standing" to bring an arbitration proceeding against Waldron and Wedbush because Eagle was not a customer of either firm, NASD Regulation ruled.
BUSINESS
April 2, 1998 | From Dow Jones News Services
Shopping.com Chairman Bill Gross has resigned from the beleaguered Internet retail company a little over a year after arriving on the board of directors, according to Securities and Exchange Commission documents. In a two-paragraph letter dated March 24, Gross tendered his resignation, effective immediately, saying that as chairman of Idealab, an Internet start-up incubator, he was committed to devoting time to early-stage companies and not serving as a director for public companies.
BUSINESS
September 22, 2003 | From Associated Press
Shopping.com, a once-prized Web address dumped into the Internet's bargain bin two years ago, is being dusted off for another audacious business plan. DealTime Inc., a profitable survivor of the dot-com shakeout, is adopting Shopping.com as its new identity today in hopes of establishing its product comparison site as an e-commerce cornerstone. "We want to be mentioned in the same breath as Amazon.com and EBay," said Nirav Tolia, chief operating officer for Brisbane, Australia-based Shopping.
BUSINESS
February 15, 2001 | From Dow Jones Newswires
It's not uncommon for investors to complain about the meager initial public offering allocations they receive. But that wasn't the case for three people who recently won a combined $4.27 million arbitration judgment from a brokerage that gave them more shares of Shopping.com's 1997 IPO than they could stomach. The trio--a married couple, Raymond and Jennifer Fisk, and retired airline pilot Jay T. Pierce--were victims of an alleged stock-manipulation scam by now-defunct Waldron & Co. and Cery B.
BUSINESS
August 28, 2000 | KAREN KAPLAN, TIMES STAFF WRITER
Forget "Prosperity With a Purpose." On the Internet, the Republican Party's motto is becoming "Purchasing With a Purpose." At RepublicanShopping.com, the purchase of a $225 bottle of Dom Perignon champagne nets $18 for the California Republican Party. Spend $899.99 on a set of Callaway Golf irons, and the state GOP receives $89.99. Splurge on a $2,415 diamond tennis bracelet, and a check for $289.80 is sent to state party coffers.
BUSINESS
June 7, 1999 | JONATHAN GAW, Jonathan Gaw covers technology and electronic commerce for The Times. He can be reached at (714) 966-7818 and at jonathan.gaw@latimes.com
Where are they now: Several former executives of the once-troubled Shopping.com have emerged on the other coast running an Internet search-and-commerce company called BigHub.com in Stamford, Conn., and they are having difficulty escaping their past. Shopping.com founder Robert McNulty owns a significant stake in BigHub.com, and former Shopping.com Chief Executive Frank Denny is now chairman and acting chief executive of BigHub. Within days after Denny and other Shopping.
BUSINESS
May 14, 1999 | JONATHAN GAW, TIMES STAFF WRITER
A federal judge has imposed $110,000 in civil penalties against Cery B. Perle, part owner and former president of the now-defunct Irvine brokerage Waldron & Co., for his role in manipulating the stock of Corona del Mar online retailer Shopping.com. U.S. District Judge Dickran Tevrizian this week ruled that Perle, who held a one-third interest in Waldron and controlled its operations, inflated Shopping.com's stock through illegal practices that brought in profits of $4.
BUSINESS
March 11, 1999 | Bloomberg News
Compaq Computer Corp., the world's No. 3 computer maker, said Wednesday that it has completed its $220-million acquisition of Shopping.com, which sells goods on the Internet. Compaq paid $18.25 a share for all the outstanding shares of the money-losing, Corona del Mar-based online merchant. Houston-based Compaq bought Shopping.com, which sells brand-name consumer products online, to complement the AltaVista Internet search site it acquired with Digital Equipment Corp. last year.
BUSINESS
March 17, 1998 | E. SCOTT RECKARD, TIMES STAFF WRITER
Shares of online retailer Shopping.com fell 31% Monday after critics questioned its prospects as well as any role a brokerage that sold its stock last November may have had in keeping the stock price high. The stock, which trades over the counter, dropped $10.14 a share to close at $21.88, though some trades in the $24 range were reported after regular trading hours. The brokerage, Waldron & Co.
BUSINESS
December 9, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Waldron & Co. Inc., the Irvine brokerage house accused of inflating the shares of troubled online retailer Shopping.com, has lost its regulatory registration and closed its doors. The National Assn. of Securities Dealers suspended the company's registration last week after it failed to pay $350,000 in compensatory damages in connection with the artificial boosting of the Corona del Mar-based company's share price. Company officials couldn't be reached for comment Tuesday.
BUSINESS
February 1, 1999 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Online retailer Shopping.com has struck a deal with American Interactive Media to develop a customized Internet service provider. The news comes on the heels of Shopping.com's agreement to be acquired by Compaq Computer Corp. in a $220-million deal that is expected to be finalized by spring. After the buyout, Shopping.com will be folded into Compaq's AltaVista Internet search service, which the computer giant says it will spin off as an independent Web portal site. Analysts say Shopping.
BUSINESS
January 22, 1999 | From Reuters
Compaq Computer Corp. on Thursday trimmed the per-share price of its offer for online retailer Shopping.com after discovering there were more shares and convertible securities on the market than anticipated. Compaq, the No. 1 personal computer maker and an expanding Internet presence, said in a statement it was lowering last week's offer by 75 cents, to $18.25 a share. Compaq said its total offer for Shopping.
Los Angeles Times Articles
|