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Technology Stocks : shopping.com (IBUY)

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To: Arcane Lore who wrote (335)12/29/1998 8:19:00 AM
From: Arcane Lore   of 435
 
Excerpt from an L.A. Times article on the recent retail success of web merchants:

Even troubled Corona del Mar-based Shopping.com, which is desperately in need of a capital infusion, said it had a merry Christmas in terms of retail sales.

"We had an extremely busy season, and it exceeded our expectations," said Frank Denny, the company's chief executive, echoing the sentiment of other online retailers. "We're very busy this week too. You can't tell the difference between this week and the previous week." Shopping.com's stock closed at $13.56, down 25 cents, on Monday.


latimes.com
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