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Usweb Cks Corp

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BUSINESS
December 14, 1999 | DUNCAN MARTELL, REUTERS
High-tech consultant Whittman-Hart Inc. said Monday that it would buy Internet services firm USWeb/CKS Corp., but investors gave an immediate thumbs down to the deal, helping send its value down by more than $2 billion, to $5.7 billion. The acquisition, which would form the largest Internet advice firm, was worth $8 billion based on Friday's prices but dropped in value as Whittman-Hart's stock plunged $24.75, or 31%, to close at $54.50 on Nasdaq. Shares in San Francisco-based USWeb fell $7.
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BUSINESS
December 14, 1999 | DUNCAN MARTELL, REUTERS
High-tech consultant Whittman-Hart Inc. said Monday that it would buy Internet services firm USWeb/CKS Corp., but investors gave an immediate thumbs down to the deal, helping send its value down by more than $2 billion, to $5.7 billion. The acquisition, which would form the largest Internet advice firm, was worth $8 billion based on Friday's prices but dropped in value as Whittman-Hart's stock plunged $24.75, or 31%, to close at $54.50 on Nasdaq. Shares in San Francisco-based USWeb fell $7.
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CALIFORNIA | LOCAL
January 24, 1999 | MARTHA MENDOZA, ASSOCIATED PRESS
A Silicon Valley executive who has propelled several high-tech companies to starry heights is quitting the business to pursue his own planetary passion: extraterrestrial beings. "There is a bigger picture out there than just tomorrow's stock price," Joe Firmage says. "I've had explicit confirmation that the UFO phenomenon is in fact occurring, and I'd like to be a part of this fundamental revolution in our society."
BUSINESS
January 26, 1999 | From Reuters
Fourth-quarter earnings at two big California oil companies, Chevron Corp. and Atlantic Richfield Co., fell sharply due to the weakest oil prices in 12 years. But both earnings reports, released Monday, beat forecasts. Chevron, the fourth-largest U.S. oil company, said fourth-quarter net income slid 51% to $431 million, or 66 cents a diluted share, from $875 million, or $1.33, in the year-ago period.
BUSINESS
December 20, 1999 | DEBORA VRANA, TIMES STAFF WRITER
Turning bricks to clicks has made Guidance Solutions Inc. of Marina del Rey one of the fastest-growing companies in the region. Now, armed with a fresh $47 million it raised through a private placement this month, Guidance will continue to expand its online business development division and e-business incubator. Guidance specializes in helping traditional retail companies--often with well-known brand names--go "dot-com." The company has grown to 160 employees from 12 in 1997.
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