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.

Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Kenya AA who wrote (43180)	1/12/1999 8:57:00 AM
From: Elwood P. Dowd	Respond to of 97611

WSJ's take on the Shopping.com purchase (part 2) by: soltrader (48/F/Toronto) 48921 of 48935 The purchase price represents a 44% premium to Shopping.com's closing price Friday of $13.1875 on the National Association of Securities Dealers' OTC Bulletin Board system; Monday, the online retailer's shares rose $5.4062 to close at a bid of $18.5938. The news boosted Compaq's shares $3, or 6.6%, to $48.375 on the New York Stock Exchange. The two companies began talks three weeks ago, said Shopping.com President Frank W. Denny. He said the company, which reported a loss of $18.9 million on revenue of just $4 million for the nine-month period ended Oct. 31, 1998, has been cash-strapped. As losses mounted, the company became a revolving door for top management, with three CEOs in the past eight months. What's more, trading in its shares was halted for 10 days last year after the Securities and Exchange Commission launched an investigation of Shopping.com. No charges were ever filed. Mr. Denny said the company was dragged into the investigation by the underwriter, which subsequently went out of business. No charges were ever filed. The company's second-largest shareholder is Idealab!, a Pasadena, Calif., company that backs Internet startups. Bill Gross, the storied founder of Idealab and education-software developer Knowledge Adventure Inc., was a Shopping.com director until March 1998.