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To: Glenn D. Rudolph who wrote (138727)2/6/2002 9:54:51 AM
From: H James Morris  Read Replies (2) | Respond to of 164684
 
Glenn, would you please ask Billy If there's a witch hunt going over at his "once" highly touted homestore.com (homs)?
Disclaimer: I used to own Homs but I got out with a nice profit. It was just plain luck, no skill on my part.
Ps
Homs was a Kleiner deal and Meeker had it on her must own list during the bubble.
>>Homestore.com Inc. said it named a new president for its Realtor.com Internet site and that it plans to fire 300 workers this quarter, the latest changes at the biggest online home-listing company since it disclosed it had overstated revenue.

Homestore.com named Steve Ozonian to head its main Internet site, Realtor.com, which it manages for the National Assn. of Realtors, the Westlake Village-based company said in an announcement.

The company also named Pat Whelan as president of Home Builder.com, the Web site it manages for the National Assn. of Home Builders. Homestore.com named Walter Lowry senior vice president and Allan Merrill executive vice president. A company spokesman didn't return a call for comment. In December, Homestore.com said it would restate certain financial reports. Two weeks later, the company said it overstated revenue in 2001 by as much as $95million and that Chairman and CEO Stuart Wolff resigned.

Homestore.com shares fell 23 cents to $1.18 on Nasdaq and are down 96% in the last 12 months.


latimes.com



To: Glenn D. Rudolph who wrote (138727)2/6/2002 1:40:12 PM
From: H James Morris  Read Replies (2) | Respond to of 164684
 
Glenn, OT. can you beat blue niles quality and prices.
I'm cupid shopping for my 130 girl friends?
Don't think the muslims have all the fun.:)
eshop.msn.com



To: Glenn D. Rudolph who wrote (138727)2/6/2002 10:15:21 PM
From: Victor Lazlo  Respond to of 164684
 
That was interesting Glenn.



To: Glenn D. Rudolph who wrote (138727)2/7/2002 7:48:16 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
Glenn, say goodbye to Amzn's investment in NXCD.
Disclaimer. I lost money on NXCD, but not as much as I could have.
WASHINGTON, Feb 7 (Reuters) - The U.S. Office of the Comptroller of the Currency on Thursday closed Phoenix, Arizona-based NextBank, owned by struggling online credit card company NextCard Inc. (NasdaqNM:NXCD - news), citing unsafe operating practices likely to deplete the bank's capital.
The Federal Deposit Insurance Corporation has been appointed receiver of the bank, which had assets of around $700 million and total deposits of around $550 million as of Dec. 31, the OCC said in a news release.

The bank ``experienced a substantial dissipation in assets and earnings through unsafe and unsound practices,'' the agency said, adding ``there was no reasonable prospect for the bank to become adequately capitalized without federal assistance.''