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BUSINESS
June 1, 2001 | Bloomberg News
Shares of StarMedia Network Inc. rose 38% after local-telephone company BellSouth Corp. bought an 11% stake in the Internet media company that targets Spanish-speaking consumers. BellSouth paid $25 million for the stake. BellSouth plans to include content from StarMedia as part of a wireless Web service it will begin selling in South America and Central America in the next six months. StarMedia rose 76 cents to $2.77 on Nasdaq.
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BUSINESS
June 1, 2001 | Bloomberg News
Shares of StarMedia Network Inc. rose 38% after local-telephone company BellSouth Corp. bought an 11% stake in the Internet media company that targets Spanish-speaking consumers. BellSouth paid $25 million for the stake. BellSouth plans to include content from StarMedia as part of a wireless Web service it will begin selling in South America and Central America in the next six months. StarMedia rose 76 cents to $2.77 on Nasdaq.
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BUSINESS
December 16, 1997
Excite Inc. and StarMedia Network Inc. have teamed to provide Latin American Internet users the ability to do Web site searches in Spanish and Portuguese for the first time. The search tools, available at the end of the month, aim to win Redwood City-based Excite more customers by tapping into Latin America's booming Internet market. It's also another feather in the cap for StarMedia, a closely held New York-based start-up that provides Internet services specifically for Latin America.
BUSINESS
February 17, 2000 | Bloomberg News
StarMedia Network Inc., CMGI Inc. and other partners have created a company with a $200-million investment to offer free Web access in Latin America, hoping to attract users as competition in the Internet industry heats up. StarMedia will provide mostly content and the sales staff for the new company, called GRATIS1. CMGI, Flatiron Partners, Chase Capital Partners and 1stUp.com will put up most of the cash investment for the new Internet service provider.
BUSINESS
September 5, 2002 | A Times Staff Writer
The House Financial Services Committee, which is investigating brokerage practices during the bull market, on Wednesday sent letters to Credit Suisse First Boston and Goldman Sachs Group asking for information on their dealings with more than two dozen companies. Here are the companies: * CS First Boston: Caliper Technologies Corp., Commerce One Inc., Digital Impact Inc., DigitalThink Inc., EarthShell Container Corp., Enron Corp., Global Crossing Ltd., Handspring Inc., Intraware Inc.
BUSINESS
May 11, 2001 | Bloomberg News
Electronic Arts Inc. reported a loss of $17.9 million, or 13 cents a share, for its fiscal fourth quarter, citing increased spending to develop online games and software for Sony Corp.'s PlayStation 2. The Redwood City, Calif.-based company had reported net income of $3.4 million, or 3 cents, a year ago. Analysts on average expected a loss of 14 cents. Sales rose 4.4% to $307 million, exceeding the $297-million consensus forecast. Electronic Arts shares closed off $1.53 at $54.
BUSINESS
February 10, 2000 | Bloomberg News
The Securities and Exchange Commission may require companies to open their presentations about initial public offerings to individual investors, SEC Commissioner Laura S. Unger said Wednesday. The staff is preparing a plan for submission to the commission in March or April that would widen the audience for companies' pre-IPO promotional presentations, called "roadshows," Unger said. These presentations typically are restricted to analysts and institutional investors.
BUSINESS
April 12, 2000 | LEE ROMNEY, TIMES STAFF WRITER
Computer ownership by U.S. Latino households grew by 68% during the last two years, outpacing the 43% increase in the general population and further narrowing the digital divide, according to a new survey. The survey by Cheskin Research of Redwood Shores, Calif., found that 42% of U.S. Latino households now have a computer, compared with 60% in the general population.
BUSINESS
October 27, 1999 | From Bloomberg News
Compaq Computer Corp. said Tuesday its profit was little changed in the third quarter as it wrestled with slowing demand and lost market share to competitors. The personal computer maker posted operating profit of $117 million, or 7 cents a share, compared with $115 million, or 7 cents, in the year-earlier period. Sales grew 5% to $9.21 billion. The Houston-based company sold fewer PCs in the U.S. than Dell Computer Corp.
BUSINESS
August 8, 2001 | From Reuters and Bloomberg News
Consumer products giant Procter & Gamble Co. reported its first quarterly loss in eight years after paying for massive job cuts and efforts to improve its food, fabric-care and cosmetics lines. But operating earnings came in at the high end of analysts' expectations amid growing sales at P&G's health-care division, which includes Iams pet food and new products such as the battery-operated Crest SpinBrush.
BUSINESS
January 3, 2002 | JESUS SANCHEZ, TIMES STAFF WRITER
Homestore.com Inc., which operates the Internet's largest residential real estate site, said Wednesday that its revenue during the first three quarters of 2001 were overstated by as much as $95million, according to an audit of the company's finances. The preliminary results probably will require the once-highflying Westlake Village-based company to make "material restatements" to financial reports for 2001 and 2000, according to Homestore officials.
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