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BUSINESS
September 1, 2001 | Reuters
Stamps.com Inc. became the latest victim of the dot-com shakeout, saying it cut its staff by 25%, or 24 people, as it struggles to achieve profitability. Stamps.com also said it had replaced its interim president and chief executive, Bruce Coleman. The company's chief financial officer, Ken McBride, will assume those positions. Stamps.com shares rose 12 cents to close at $2.42 on Nasdaq.
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BUSINESS
October 20, 2006 | From the Associated Press
Stamps.com Inc., the Playa Vista company that sells postage over the Internet, said third-quarter profit jumped 66% on a 24% increase in revenue. But the company issued projections for the current year and next that were below Wall Street forecasts, sending shares down $1.66, or 8.7%, to $17.50 in after-hours trading. Stamps.com earned $4.3 million, or 18 cents a share, compared with $2.6 million, or 11 cents, for the same quarter in 2005.
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BUSINESS
April 11, 2000
Stamps.com Inc., which provides Internet mailing and shipping services, said its first-quarter loss deepened much more than expected, to $36.9 million, or 86 cents a share, on revenue of $2 million. Analysts expected a loss of 69 cents a share. The Santa Monica-based company had a loss of $3.7 million, or 53 cents, in the year-earlier quarter, when revenue was nil. Stamps.com shares closed unchanged at $15.19 on Nasdaq, before the results were released.
BUSINESS
October 20, 2005
* VeriSign Inc., the main manager of the Internet address database, said third-quarter profit increased 10% after it won more security and website registration sales. The Mountain View, Calif., company reported net income of $44.6 million, or 17 cents a share, compared with $40.4 million, or 16 cents, a year earlier. Revenue rose 27% to $414.8 million. * K2 Inc., maker of Rawlings-brand and other sporting goods, said third-quarter net income rose 26.5% to $16.7 million as sales rose 2.
BUSINESS
September 19, 2000 | Bloomberg News
Pitney Bowes Inc. said it filed a lawsuit against rival Stamps.com Inc. for infringing four patents on processes that let consumers track and compare shipping-rate information using the Internet. Pitney, the largest maker of postage meters, filed the suit in the U.S. District Court in the Eastern District of Texas. The companies each sell postage services online, including the ability to compare rates for different freight carriers and to track packages and parcels. Stamps.
BUSINESS
August 10, 1999
Online magazine Salon.com, which recently went public, reported a fiscal first-quarter net loss, including an $11.5-million one-time noncash preferred dividend, of $16.1 million, or $10.10 per share, compared with a loss of $1.4 million, or $3.75, a year ago. Revenue rose to $1 million from $408,000. * Shares of Santa Monica-based Stamps.com Inc. fell 12% after an early rally on news that the U.S.
BUSINESS
October 20, 2006 | From the Associated Press
Stamps.com Inc., the Playa Vista company that sells postage over the Internet, said third-quarter profit jumped 66% on a 24% increase in revenue. But the company issued projections for the current year and next that were below Wall Street forecasts, sending shares down $1.66, or 8.7%, to $17.50 in after-hours trading. Stamps.com earned $4.3 million, or 18 cents a share, compared with $2.6 million, or 11 cents, for the same quarter in 2005.
BUSINESS
November 17, 1999 | From Bloomberg News
Stamps.com Inc. shares rose 35% on Tuesday after the Internet postage company unveiled plans to provide online ticketing and printing services for events, travel and financial services companies. Shares of Stamps.com climbed $18.50 to close at $71.75 on Nasdaq as 3.1 million shares changed hands, almost five times the three-month daily average. Earlier, the shares rose to a record $78.75. The Santa Monica-based company had its initial public stock offering in June at $11. Stamps.
BUSINESS
March 25, 2004 | Michael Hiltzik
When I heard that Stamps.com Inc. would be among the companies making presentations at the recent Montgomery & Co. technology conference, it was like discovering that some old entertainer you'd forgotten about actually has been playing Vegas for years: He's not dead; he has just been hiding out in another world. Stamps.com wouldn't have been high on anybody's list of likely survivors of the dot-com crash. Part of the IPO class of 1999, which also included such ghosts of Nasdaq past as EToys Inc.
BUSINESS
August 9, 1999 | KAREN KAPLAN
Stamps.com and E-Stamp are expected to make postage history today by launching systems that let users download postage from the Internet and print it directly onto envelopes. U.S. Postmaster General William Henderson will formally usher in a new era of PC postage this morning in Washington, with public demonstrations of six high-tech systems from four companies. The U.S. Postal Service is expected to give final approval to at least two of them, and Santa Monica-based Stamps.
BUSINESS
March 25, 2004 | Michael Hiltzik
When I heard that Stamps.com Inc. would be among the companies making presentations at the recent Montgomery & Co. technology conference, it was like discovering that some old entertainer you'd forgotten about actually has been playing Vegas for years: He's not dead; he has just been hiding out in another world. Stamps.com wouldn't have been high on anybody's list of likely survivors of the dot-com crash. Part of the IPO class of 1999, which also included such ghosts of Nasdaq past as EToys Inc.
BUSINESS
September 1, 2001 | Reuters
Stamps.com Inc. became the latest victim of the dot-com shakeout, saying it cut its staff by 25%, or 24 people, as it struggles to achieve profitability. Stamps.com also said it had replaced its interim president and chief executive, Bruce Coleman. The company's chief financial officer, Ken McBride, will assume those positions. Stamps.com shares rose 12 cents to close at $2.42 on Nasdaq.
BUSINESS
May 23, 2001 | Bloomberg News
United Parcel Service Inc. bought the assets of Stamps.com's Internet shipping service and plans to expand use of IShip.com Inc. in Mail Boxes Etc. stores. Santa Monica Web postage provider Stamps.com said it sold the assets of IShip.com for an undisclosed cash sum to focus on mailing and deliveries for small businesses and home offices. The unit lets customers compare rates from shippers such as UPS and FedEx Corp., print shipping labels and arrange for package pickup from a Web site. Stamps.
BUSINESS
February 8, 2001 | Reuters
Stamps.com said it will slash 150 jobs to streamline operations and achieve profitability. The job cuts will take place across all its locations, including Bellevue, Wash., and its Santa Monica headquarters, the company said. Chief Executive Bruce Coleman said the company will continue to focus on building its core Internet postage business. The company's flagship product, iMail, lets users purchase stamps online from its Postage Server and print stamps directly onto envelopes and labels.
BUSINESS
October 24, 2000 | ASHLEY DUNN, TIMES STAFF WRITER
Online postage company Stamps.com said Monday it laid off about 240 of its more than 500 employees, confirming reports last week that it was reducing its work force to streamline operations. The layoffs include full-time, part-time and contract employees in its main office in Santa Monica and other locations, including Bellevue, Wash. In the past two weeks, Stamps.com also has lost a key group of top executives, including its chief executive, chief financial officer and comptroller.
BUSINESS
October 21, 2000 | Ashley Dunn
Internet postage company Stamps.com laid off an undisclosed number of employees after two weeks of turmoil that have seen the departures of most of its top executives. A company official said the exact number of layoffs, and the reasons for reducing the work force, will be announced Monday. Last week, a group of top executives left the company, including Stamps.com's chief executive, chief financial officer and comptroller.
BUSINESS
August 24, 1999 | KAREN KAPLAN, TIMES STAFF WRITER
Stamps.com received two major endorsements Monday--from Microsoft and from Wall Street--that sent its shares up more than 14%. The Santa Monica company, one of the first to sell postage that can be downloaded from the Internet onto a personal computer and printed directly onto an envelope, announced a marketing partnership with Microsoft that will make its service available to millions of small-business owners. Stamps.com also said it would begin serving customers nationwide Sept. 27.
BUSINESS
October 10, 2000 | ASHLEY DUNN, TIMES STAFF WRITER
Stamps.com, the Santa Monica-based online provider of stamps and shipping services, said Monday that three of its top officers stepped down, news that caused its once highflying shares to drop to a record low before recovering somewhat. The company's shares fell as low as $3.25, then closed off 13 cents, or 3.5%, at $3.50 on Nasdaq, after the company announced that its president, chief financial officer and comptroller had resigned. The stock traded as high as $98.
BUSINESS
September 19, 2000 | Bloomberg News
Pitney Bowes Inc. said it filed a lawsuit against rival Stamps.com Inc. for infringing four patents on processes that let consumers track and compare shipping-rate information using the Internet. Pitney, the largest maker of postage meters, filed the suit in the U.S. District Court in the Eastern District of Texas. The companies each sell postage services online, including the ability to compare rates for different freight carriers and to track packages and parcels. Stamps.
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