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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.
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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.
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BUSINESS
September 25, 1998 | JONATHAN GAW, TIMES STAFF WRITER
In a nationwide crackdown on the allegedly fraudulent trading of small-company stocks, federal regulators Thursday filed 13 lawsuits, including one against an Irvine brokerage suspected of inflating the shares of troubled Internet shopping service Shopping.com. A Securities and Exchange Commission suit charged that Waldron & Co. and its former president, Cery B. Perle, illegally boosted Shopping.
BUSINESS
November 22, 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
Last we heard from Robert McNulty and Frank Denny, the former executives of once-troubled Shopping.com who had been running TheBigHub.com in San Antonio. McNulty reemerged last week when a separate Newport Beach company that he founded last March, The Big Store Marketing Inc., formed an alliance with Irvine-based multilevel marketing firm PriceNet USA.com.
BUSINESS
April 8, 1998 | JAMES S. GRANELLI, TIMES STAFF WRITER
Shares of beleaguered Internet retailer Shopping.com seesawed dramatically Tuesday in the first trades since regulators slapped a two-week halt on trading March 24 and launched an investigation into possible stock manipulation. Though shares still can't be quoted on exchanges or over the counter, trades via telephone or in person showed the volatility of the money-losing Irvine firm's stock. It opened at $12 a share, soared to $25 and fell to close at $18 a share, down $4.
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
December 21, 1998 | JONATHAN GAW
A dour note for homemakers in this most joyous of seasons: Corona del Mar-based online retailer Shopping.com last week reported that the second-most-popular holiday gift bought through its site is a vacuum cleaner. On the upside, the Hoover Windtunnel Ultra Vacuum is "self-propelled." On the downside, if you receive one of these this holiday season, that means your benefactor passed up on the higher-end "Deluxe," "Plus" and "Supreme" models of the Windtunnel line also offered by Shopping.com.
BUSINESS
September 17, 1998 | From Bloomberg News
Shopping.com said its loss in the second fiscal quarter swelled to $7.7 million, and the struggling Internet retailer's cash on hand shrank to $1 million. The company said it wasn't able to file its quarterly report on time with the Securities and Exchange Commission because of problems with its new accounting software. It disclosed the loss late Tuesday in its request to the SEC for more time to file the report. The company lost $724,737 in the year-earlier quarter ended July 31, and $5.
BUSINESS
June 17, 1998 | From Times Staff and Wire Reports
Troubled online retailer Shopping.com estimated Tuesday that it lost $4.7 million for the fiscal first quarter, much larger than its $347,408 loss a year earlier. The gloomy projection for the three months ended April 30 was included in documents notifying regulators that the Corona del Mar company was unable to file its quarterly report on time. In its report to the Securities and Exchange Commission, Shopping.com attributed the delay to "a change in management along with subsequent financing."
BUSINESS
September 24, 1998 | JONATHAN GAW, TIMES STAFF WRITER
The biggest blockbuster to hit the big screen is causing a legal brouhaha as it reaches the little screen. Corona del Mar-based Shopping.com and two other retailers have been sued by the parent company of Tower Records for alleged predatory pricing in selling the video of the motion picture "Titanic" at below cost. Shopping.com, along with Fry's Electronics in San Jose and Reel.com, an Emeryville-based online retailer, were named in the lawsuit filed by MTS Inc.
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
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.
NEWS
January 12, 1999 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
In a deal that underscores the runaway expectations of Internet retailing, industry giant Compaq Computer Corp. on Monday offered to buy Shopping.com, a troubled and money-losing online merchant in Corona del Mar, for $220 million. The acquisition comes a week after the end of the annual Christmas shopping season, which saw gift-buying via the Internet more than double to an estimated $3 billion.
BUSINESS
August 21, 1998 | Leslie Earnest
Shopping.com Inc. must raise at least $26 million over the next year to stay in business and needs more cash to stay afloat even through January, according to a regulatory report filed this week. The Internet shopping service, which is based in Corona del Mar, said it is negotiating with several investors to raise capital through private placement offerings, the report says. Investors previously put up $30 million. Company officials could not be reached for comment Thursday.
BUSINESS
June 17, 1998 | Bloomberg News
Shopping.com estimated that its loss for the quarter ended April 30 widened to $4.7 million from $347,408 in the year-earlier period. The estimate was included in its notification to the Securities and Exchange Commission that it won't be filing its quarterly report on time. It said the report, due 45 days after the quarter's end, will be submitted within five days. Last month, the Corona del Mar-based Internet retailer said sales for the quarter exceeded $891,000. Shopping.
BUSINESS
January 7, 1999
Corona del Mar-based Shopping.com named Frank Denny president and chief executive, making him the third person to run the money-losing Internet retailer in seven months. The company also named Randall Reed, formerly chief financial officer at Stone Container Corp., chairman, replacing Denny.
BUSINESS
January 7, 1999 | From Bloomberg News
Shopping.com named Frank Denny president and chief executive, making him the third person to run the money-losing Internet retailer in seven months. As part of a general management shake-up, the company also named Randall Reed, formerly chief financial officer at Stone Container Corp., chairman, succeeding Denny. Denny succeeds John Markley, who took the helm in June from company founder Robert McNulty. Shopping.
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