Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (13518)	8/19/2002 11:08:39 AM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

MERQ is a standout

To: Lizzie Tudor who wrote (13518)	8/19/2002 11:50:15 AM
From: stockman_scott	Read Replies (1) \| Respond to of 57684

Loudcloud Completes $63 Million Sale, Changes Name to Opsware Saturday August 17, 10:25 pm Eastern Time SUNNYVALE, Calif. (AP) -- Loudcloud Inc., the company co-founded by Web browser pioneer Marc Andreessen, completed the $63.5 million sale of its online services business Friday to Electronic Data Systems. Its name also changed to Opsware Inc. The sale to the Plano, Texas-based computer systems consultant allows the newly minted Opsware to concentrate on making software that helps other companies run their information technology departments. As part of a deal announced in June, EDS also agreed to buy $52 million worth of Opsware's software during the next three years. Andreessen, Opsware's chairman and largest shareholder, is counting on the Sunnyvale-based company to fare better in its new incarnation than it did as a Web hosting business. After Andreessen co-founded Loudcloud in 1999, the company lost nearly $500 million and never caught on with investors after its March 2001 initial public offering of $6 per share. Loudcloud's struggles contrasted sharply with the early success of Andreessen's previous high-tech creation, Netscape Communications, the maker of the Web's first commercial browser. Andreessen blamed Loudcloud's demise on the tough times in the high-tech industry -- a factor that he believes might help Opsware. "It's much easier to start a company in a pit than when things are at the top," Andreessen said in an interview. He pointed out that some of the nation's biggest high-tech companies -- Oracle, Microsoft, Dell Computer and Cisco Systems -- started out during industry downturns.