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Shopping Com Inc

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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.
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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
May 1, 1998 | P.J. Huffstutter
Beleaguered Internet retailer Shopping.com Inc. resumed over-the-counter trading Thursday, as federal regulators approved a local brokerage firm's application to act as a market maker. Waldron & Co., the Irvine investment banking firm that took Shopping.com public in November, is the only firm to apply to the National Assn. of Securities Dealers to maintain buy and sell prices on the online retailer's stock, and to stand ready to buy or sell shares at quoted prices. Shopping.com sold 1.
BUSINESS
June 11, 1998 | Times staff and wire reports
Robert McNulty, who resigned last week as chairman and chief executive of Shopping.com Inc., will get an $83,000-a-year pay increase working as a part-time consultant to the Internet retailer, which is under investigation by federal regulators. McNulty will earn $258,000 annually under a three-year consulting contract that requires him to work 30 hours a week. When he left the company, his salary was $175,000.
BUSINESS
February 17, 1999 | From Reuters
Compaq Computer Corp. said Tuesday that it acquired Zip2 Corp., a supplier of software used by a variety of leading U.S. newspapers to create local Internet media and electronic-commerce sites. The deal is the latest move by Compaq to remake its AltaVista search engine into a top Web media and shopping site and follows its successful tender offer for shares of online retailer Shopping.com Inc., also announced Tuesday.
BUSINESS
March 25, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Citing possible market manipulation, the Securities and Exchange Commission suspended trading Tuesday in the shares of online retail service Shopping.com Inc. Trading will be suspended for about two weeks because of a "lack of current and accurate information" about the company, the SEC said. Critics have questioned the prospects of the Corona del Mar-based company and whether its market maker, Waldron & Co. of Irvine, may have propped up the stock.
BUSINESS
October 28, 2004 | Josh Friedman, Times Staff Writer
All of a sudden, the market for initial public offerings has gotten animated. Glendale-based DreamWorks Animation SKG Inc. raised $812 million late Wednesday by selling 29 million shares at a higher-than-expected $28 apiece, seizing on the startling IPO successes of Google Inc. and Shopping.com Inc. as well as its own box-office winning streak. DreamWorks, which produced the record-setting "Shrek 2" and the hit "Shark Tale," had expected to sell the shares for $23 to $25 each.
BUSINESS
June 11, 1998 | From Times Staff and Bloomberg News
Robert McNulty, who resigned last week as chairman and chief executive of Shopping.com Inc., will get an $83,000-a-year pay increase by working as a part-time consultant to the Internet retailer, which is under investigation by federal regulators. McNulty will earn $258,000 annually under a three-year consulting contract, which requires him to work 30 hours a week. When he left the company, his salary was $175,000.
BUSINESS
January 7, 2004 | Alex Pham, Times Staff Writer
Stereotypes notwithstanding, men had long made up the majority of Internet shoppers. Until last year, when more women than men avoided the crush of the malls and bought gifts online. And that helped boost overall Internet holiday season sales 35% to $18 billion from $13 billion the year before, according to a survey by Goldman, Sachs & Co., Harris Interactive Inc. and Nielsen/NetRatings. In all of 2003, U.S. online retail sales grew about 28% to $52.6 billion from $41.2 billion in 2002.
CALIFORNIA | LOCAL
May 16, 2001 | JEFF GOTTLIEB, TIMES STAFF WRITER
What sound does $7 million make? Snap, boom, crunch. At least it does when a 27-ton track loader is gnawing and stomping its way through a two-story tear-down to make way for a bigger, more expensive home in an exclusive Newport Beach neighborhood. Like a giant termite gone mad, the bulldozer first took out the three-car garage, then headed for the rest of the house Tuesday, brandishing its scooper at anything that got close until it ate its way almost to Newport Bay.
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