[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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