SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (11295)7/15/2002 2:29:04 PM
From: Bucky Katt  Read Replies (1) | Respond to of 13094
 
My point is as their standard of living goes up, ours will go down, it seems obvious to me.

As for our economy, the US was top dog in the last century, with the US dollar as the default world currency.

How long will this last?

Of course we are creative, but as we have seen, the greed of just a few can wreck everything.

How long before people forget the current crisis of confidence?

My long expected US dollar gang -bang is starting to get rolling....

We make plenty of mistakes, but we also take measures to correct those mistakes... I think we'll do just fine in the years ahead... It's the American way... : >

You mean put the white collar crooks in jail?
That would be a good start, until then it is just lip-sevice..

One thing to remember, and is a big thing, America has been dumbed down to such an extent I worry about the future in a way I have not before.



To: James Strauss who wrote (11295)7/15/2002 2:31:33 PM
From: Bucky Katt  Read Replies (1) | Respond to of 13094
 
DrKoop.com sold for $186 large>

DrKoop.com, the online consumer health information pioneer that rode the Internet frenzy from boom to bankruptcy, on Monday was bought by Vitacost.com, a seller of health-related products over the Internet, for $186,000, Vitacost said.

At one time worth more than $1 billion, DrKoop.com -- founded in 1997 by former U.S. Surgeon General C. Everett Koop -- fell into bankruptcy in December as it struggled to turn public interest in its online health information into a reliable revenue stream.

Vitacost, a privately held company based in Boynton Beach, Florida, sells health and nutrition products over the Web.

Vitacost paid $186,000 in cash for DrKoop.com's assets, which included the brand name, trademarks, domain names, the Web site, and the e-mail addresses of its registered users.

The site attracts more than 900,000 visitors a month and has a database of more than 2 million registered users, Vitacost said in a statement.

DrKoop.com became a case-study for the roller-coaster ride of the dot-com era. Unveiled with a splash as Empower Health, the company sank into a cash crisis barely a year later, only to find an angel investor who provided enough backing until the company could sell itself to the public in 1999 as DrKoop.com.

The float brought in about $88 million even though the company had tiny revenue and was $15 million in the hole. It didn't stop DrKoop.com from moving in to plush new headquarters in Austin, Texas, following the IPO.

Amid the portal rage of 1999, DrKoop.com signed a multimillion-dollar deal with Walt Disney Co. and its Go site, which eventually would be shuttered. It also agreed to pay America Online, now a unit of AOL Time Warner Inc. , an enormous sum to provide health information to its users.

Those types of deals eventually would be mocked on Wall Street, but were an Internet mainstay at the time.

The site's main commodity, Dr. Koop himself, began to suffer when he faced questions about his ethics in a front-page story in The New York Times about how Koop was earning commissions for products sold on the site.
__________

KOOP was one of my favorite shorts, what a pos....