Carol King

Based on shareholder feedback, drkoop.com Inc. has shelved plans to hold a stockholder meeting to vote on a reverse split of its stock. The company initially intended to solicit stockholder approval of a reverse stock split in response to a NASDAQ notification regarding possible delisting. According to the NASDAQ notice, drkoop.com’s is not in compliance […]

Trustees for LetsBuyIt.com, the British-based Internet retailer which filed for creditor protection late last year, Wednesday revealed that the site is declaring bankruptcy. “LetsBuyit has made a proposal to a party …it looks positive,” an official at trustees Trenitee van Doorne told bankruptcydata.com. Launched in 1999, the firm encountered financial trouble when it failed to […]

drkoop.com Tuesday revealed plans to consolidate operations at its Santa Monica, Calif., headquarters and close the doors of its Austin, Texas-based office, eliminating 45 positions. “This move allows us to materially reduce our corporate overhead and put our people near where our clients and strategic partners are located,” said Ed Cespedes, president of drkoop.com. “Much […]

Looking for a copy of “Mein Kampf”? A silver swastika-marked coin, perhaps? How about a Third-Reich Nazi-era porcelain plate? You can find these and about 330-plus other Nazi-related items for at auction on Yahoo! Although Yahoo! has held fast to its January 3 promise to ban “hate” materials from its auction site, it is continuing […]

E*Trade Group Thursday released plans to acquire LoansDirect and add mortgage origination to its online investing service platform. The transaction will be structured as a purchase with E*Trade stock. Complete financial details were not disclosed. The acquisition lays groundwork for E*Trade to strengthen its offerings and provide strategic inroads into the consumer lending market, according […]

What’s on the horizon for Liquor.com? The wine and spirits e-commerce company took a hit last October when it withdrew a proposed initial public offering of 3 million shares. “We’re trying to figure that out now,” CEO Barry Grieff told InternetNews.com. “I am presently in dialogue with our board of directors.” The company had hoped […]

Credit Suisse First Boston (USA) Inc. Wednesday released plans to redevelop and promote its online brokerage service. The service, now known as CSFBdirect, is the former DLJdirect. Credit Suisse acquired DLJdirect last November. The promotional campaign will debut on Monday, January 15, with a series of television spots as well as print ads in business […]

Plans to acquire pogo.com have been tabled by Excite@Home. Last August, Excite@Home announced it would buy the online games provider for an undisclosed sum. At that time, the company reported it was building on consumer broadband applications in key areas, such as games and music. Excite already had a 10 percent stake in Pogo.com, and […]

Broadcom Corp. Monday continued with its aggressive growth strategy by acquiring ServerWorks in a stock deal valued at $957 million. Broadcom’s products enable the high-speed transmission of voice, video and data over existing communications infrastructures. ServerWorks Corp., an independent supplier of high-performance system input/output (I/O) integrated circuits for servers, develops conduits for delivering high-bandwidth data […]

You say you want a revolution? This Beatles ditty seems to be a way of corporate life at musicmaker.com as much as it is a sale item. The provider of customized music CDs Monday urged its stockholders to ignore communication “from an insurgent stockholder group comprised of BCG Strategic Investors, Barrington Companies Equity Partners, dot […]

Drugstore.com proves it can buck a trend. The online peddler of pharmaceuticals and health-related products on Monday said it experienced a 90 percent increase in net sales during its fourth quarter, and investors were rewarding the company justly. Preliminary, unaudited net sales show at least $35 million for the quarter, which ended Dec. 31, 2000. […]

The term “home entertainment system” is being redefined — yet again. This year’s Consumer Electronics Show (CES) kicking off this weekend in Las Vegas is the launchpad for a new generation of products that can make anyone’s living room a high-tech, networked showcase. Compared with shows from previous years, this latest gathering will tie the […]