[BusinessTeam] eToys is being shopped

Alex Chang IMCEAEX-_O=MAIDENMAIL_OU=FIRST+20ADMINISTRATIVE+20GROUP_CN=RECIPIENTS_CN=ALEX at lab49.com
Mon Dec 18 20:53:20 2000 UTC


eToys has retained Goldman Sachs to "explore strategic alternatives"... 
having preannounced missed revenue projections by over 50%, eToys is
looking 
at a potential fire sale... they have only enough cash to stay in business

until March... 

In October/November of last year, eToys was trading at a high of $84.25
with 
a market cap. of $11.1 BILLION... They are currently a $37.2 MILLION
company 
trading at around $0.28 per share!!!! 



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