Shopping.com Went Public / Shares Soar 60% On IPO

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  • KRL
    Entrepreneur
    • Oct 2002
    • 31429

    #1

    Shopping.com Went Public / Shares Soar 60% On IPO

    http://story.news.yahoo.com/news?tmp...o&sid=95573501

    Looks like the Net is red hot again.
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  • BRISK
    Too lazy to set a custom title
    • Feb 2003
    • 12240

    #2
    Israel-based Shopping.com, with U.S. headquarters in a suburb just south of San Francisco
    What is the advantage of being based in Isreal, but having your headquarters in the US?
    I post on GFY so that when people ask me what I do,
    I can tell them that I work with the mentally retarded.

    Comment

    • KRL
      Entrepreneur
      • Oct 2002
      • 31429

      #3
      Originally posted by BRISK
      What is the advantage of being based in Isreal, but having your headquarters in the US?
      No particular advantage. It was probably just founded there and corp. headquarters placed in the US to better faciliatate the long term plans for their IPO.

      Company's market value soared to over $800 Million and their net is only about $7 Mil.
      If you would like to develop your domains, you can lease inexpensive foreign labor
      from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION!

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      Comment

      • sumphatpimp
        Confirmed User
        • Aug 2002
        • 5235

        #4
        Originally posted by BRISK
        What is the advantage of being based in Isreal, but having your headquarters in the US?
        you can sell SCUD missles at a big discount.

        camels are cheap also.

        and you can buy a lottery ticket on the 380 tons of missing explosives.

        Comment

        • slavdogg
          Confirmed User
          • Jan 2001
          • 3570

          #5
          Originally posted by sumphatpimp
          you can sell SCUD missles at a big discount.

          camels are cheap also.

          and you can buy a lottery ticket on the 380 tons of missing explosives.
          you're an idiot
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          Comment

          • slavdogg
            Confirmed User
            • Jan 2001
            • 3570

            #6
            there are more Israeli companies listed and traded on US stock exchanges than from any other foreign country.
            Chinease are quickly catching up tho
            Adult Traffic for Sale

            Comment

            • TheMob
              Confirmed User
              • Jan 2003
              • 8584

              #7
              Originally posted by slavdogg
              there are more Israeli companies listed and traded on US stock exchanges than from any other foreign country.
              Chinease are quickly catching up tho
              it's always been like that

              Comment

              • wyldblyss
                Confirmed User
                • Nov 2003
                • 5779

                #8
                I hope that it is getting hot again. Back in the hayday before the dot com crash I was making huge money in mainstream for an Internet company. Damn I miss those days especially since the exchange rate was mighty fine at the time too

                Comment

                • EscortBiz
                  Fuck Checks, CASH only!
                  • May 2002
                  • 19422

                  #9
                  I said a few months ago the internet bubble is coming back might be a smaller version but it will still be a bubble where people will lose their pants all over again.

                  See when I start getting calls from people asking "I have money what can I invest in" when it starts burning holes in peoples pockets the stupid investments follow.


                  Whats causing it well everyone is like "shit I should have invested in google" everyone is now motivated to invest in the next google even thou few will make the cash they make but they just want to be part of the next big thing, most companies will burn and die quick they run thru cash like its water.

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                  Comment

                  • Goonx
                    Confirmed User
                    • May 2002
                    • 1048

                    #10
                    Originally posted by slavdogg
                    there are more Israeli companies listed and traded on US stock exchanges than from any other foreign country.
                    Chinease are quickly catching up tho
                    gotta love Israel

                    Comment

                    • slavdogg
                      Confirmed User
                      • Jan 2001
                      • 3570

                      #11
                      Originally posted by EscortBiz
                      I said a few months ago the internet bubble is coming back might be a smaller version but it will still be a bubble where people will lose their pants all over again.

                      See when I start getting calls from people asking "I have money what can I invest in" when it starts burning holes in peoples pockets the stupid investments follow.


                      Whats causing it well everyone is like "shit I should have invested in google" everyone is now motivated to invest in the next google even thou few will make the cash they make but they just want to be part of the next big thing, most companies will burn and die quick they run thru cash like its water.
                      yup, i'm seeing a lot of that now too
                      I said 18 months ago we're in the early staged of the next internet boom.
                      I bought shit loads of Overture and and findwhat stock, made a real nice penny

                      As far as the bubble we're not close to it yet but getting there.
                      There is a lot of good things happenin on the web and tech for this growth to continue for some time.
                      It does feel like 98-99 all over again
                      Adult Traffic for Sale

                      Comment

                      • slavdogg
                        Confirmed User
                        • Jan 2001
                        • 3570

                        #12
                        Originally posted by TheMob
                        it's always been like that
                        how long is always ??
                        i dont think this was true 10 years ago.
                        Adult Traffic for Sale

                        Comment

                        • TheRedZone
                          Confirmed User
                          • Jan 2003
                          • 147

                          #13
                          Originally posted by EscortBiz
                          I said a few months ago the internet bubble is coming back might be a smaller version but it will still be a bubble where people will lose their pants all over again.

                          Agreed, I think the thing most analysts & investors are missing is that there are no Barriers to Entry on the Web. Competitors can pop-up, copy your idea (or improve it), and catch on like wildfire all from the comfort of a basement or garage.

                          What does Google have that justifies a PE of 225?
                          Were they first to market with a 17 year patent on their product?
                          Where is their unique business proposition? They've already got competition in every segment of their business.
                          Google isn't going to corner the market on Web traffic or ad revenue, they're just going to be hot for a while until the competition catches up and shares in the profits.


                          Shopping.com? I don't know much about the company but I do know that a company by the name of Shelron has released a beta version of ActiveShopper, comparative shopping software that claims to provide the same service as Shopping.com but runs in the background while you surf.
                          My IQ is higher than my postcount, but it hasn't really helped me that much....

                          Comment

                          • slavdogg
                            Confirmed User
                            • Jan 2001
                            • 3570

                            #14
                            >> Shopping.com? I don't know much about the company

                            PRIME DOMAIN
                            its the largest shopping comparison site online
                            was known as dealtime.com
                            Bizrate.com and NexTag.com are its biggest competitors
                            other than that nothing unique or original here
                            Adult Traffic for Sale

                            Comment

                            • warlock5
                              Confirmed User
                              • Jan 2004
                              • 2808

                              #15
                              Originally posted by slavdogg
                              how long is always ??
                              i dont think this was true 10 years ago.
                              ICQ came from Isreal. I think ICQ's contribution to the internet and instant messaging is under appreciated and recognized. It was my first instant-messaging program.

                              As for another bubble... pay very close attention to profitability of the companies. Some companies may be overvalued, but I seriously doubt Google is going to 0.

                              Anyone have any finacials for shopping.com other than what the article states?

                              "Shopping.com lost $6.6 million through the first half of this year, but has demonstrated it can turn a profit, earning $6.9 million last year on revenue of $67 million. Revenue so far this year has increased by 70 percent. "

                              It will be interesting to see where the dictionary-domain companies go. Are they really the equivilant to generics in marketing?

                              Comment

                              • warlock5
                                Confirmed User
                                • Jan 2004
                                • 2808

                                #16
                                Just taking a quick peak at shopping.com... looks like their site is getting some good SE traffic. Interesting stuff.

                                Comment

                                • detoxed
                                  vip member
                                  • Jan 2003
                                  • 17798

                                  #17
                                  Anyone with $5 million to invest want to do a $400 million plus IPO in the next 2 years? Let me know.

                                  Comment

                                  • slavdogg
                                    Confirmed User
                                    • Jan 2001
                                    • 3570

                                    #18
                                    Originally posted by warlock5
                                    ICQ came from Isreal. I think ICQ's contribution to the internet and instant messaging is under appreciated and recognized. It was my first instant-messaging program.
                                    I agree, its under appreciated.
                                    It was started by 2 young guys in Israel and sold early on to AOL.
                                    I believe it was in 98 for around $300 mil. They had zero revenue at that time, just a large userbase.
                                    Adult Traffic for Sale

                                    Comment

                                    • fris
                                      I have to go potty
                                      • Aug 2002
                                      • 55792

                                      #19
                                      whos buying?

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                                      • boneprone
                                        Hall Of Fame
                                        • Jan 2001
                                        • 34415

                                        #20
                                        Originally posted by KRL
                                        http://story.news.yahoo.com/news?tmp...o&sid=95573501

                                        Looks like the Net is red hot again.
                                        yeah i saw this yesterday when it went public, and was looking into it the week or so prior.

                                        Amazing. The site looks like shit, yet its fucking hot on the market.

                                        Industry Hall Of Fame Legend Mike Jones
                                        Bow to the Power - Still BP4L
                                        http://gfyawards.com/hall-of-fame
                                        Learn about it kids.

                                        Comment

                                        • Taboo
                                          Confirmed User
                                          • Jul 2004
                                          • 3700

                                          #21
                                          a little history lesson:

                                          September 22, 2003
                                          The Shopping.com domain name has a long and interesting history. The property was originally created by former navy seal and serial retail entrepreneur Robert J. McNulty in 1996. Incubator Idealab invested seed money of $250,000 in Shopping.com (Idealab also spawned GoTo.com, known today as Overture), and the company rode the dot-com boom and went public in November 1997, raising about $10 million in the process. Despite SEC charges of stock price manipulation, the company was purchased in March 1999 by then AltaVista parent Compaq for about $220 million in cash. AltaVista had high hopes for its new property. Rod Schrock, then Compaq Senior Vice President and Group General Manager, Consumer Products, said of the purchase: "The Internet is fast becoming a transaction medium in addition to a content medium. Today, AltaVista becomes the first site to fully combine these two capabilities into one synergistic user experience. Our intent is to make AltaVista the leading guide for both information and e-commerce on the Internet." The intent didn't last long. In October 2001, AltaVista said it was outsourcing its shopping search functions to Dealtime, saying online shopping was no longer a core strategy. As part of the deal, AltaVista transferred ownership of the shopping.com domain name to Dealtime
                                          full article:
                                          http://searchenginewatch.com/searchd...le.php/3080171


                                          history repeats itself?

                                          Tue Oct 26, 5:22 PM ET
                                          Nirav Tolia, Shopping.com's president and chief operating officer, resigned in June after the company received information claiming he had faked part of his educational background and job history, according to documents filed with the Securities and Exchange Commission (news - web sites). The documents didn't detail Tolia's alleged fabrications. Investors in a Epinions, a company that Shopping.com bought last year, also are threatening trouble. The company warned in its IPO papers a group of Epinions investors are demanding damages for alleged insider misconduct by Tolia and others when Shopping.com negotiated the takeover. The Epinions investors want to be paid 1.8 million to 2.4 million Shopping.com shares ? a stake worth $52 million to $69 million after Tuesday's trading.
                                          but I am glad that the tech/ipo/vc market is back.

                                          Comment

                                          • woj
                                            <&(©¿©)&>
                                            • Jul 2002
                                            • 47880

                                            #22
                                            damn, not bad, too bad I missed it :-/
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                                            • AVM
                                              Confirmed User
                                              • Feb 2004
                                              • 1890

                                              #23
                                              Slav,

                                              I think we can both appreciate this domains value. Amazing domain,
                                              however prime or not, the company's assessed value is over inflated.

                                              But hey, the end justifies the means. See what these dildos can do.

                                              Comment

                                              • Wiggles
                                                Too lazy to set a custom title
                                                • May 2004
                                                • 14423

                                                #24
                                                They will tank after a week on open market I bet.
                                                no sig

                                                Comment

                                                • AVM
                                                  Confirmed User
                                                  • Feb 2004
                                                  • 1890

                                                  #25
                                                  Additionally - The origins/success story surrounding ICQ's development is great. Intriguing to say the least. However as to why it is under appreciated these days? Simply because it's a piece of shit.

                                                  Comment

                                                  • BRISK
                                                    Too lazy to set a custom title
                                                    • Feb 2003
                                                    • 12240

                                                    #26
                                                    Originally posted by slavdogg
                                                    there are more Israeli companies listed and traded on US stock exchanges than from any other foreign country.
                                                    Chinease are quickly catching up tho
                                                    Actually, I think Canada is the foreign country with the most listings on US stock exchanges, and Israel is next
                                                    I post on GFY so that when people ask me what I do,
                                                    I can tell them that I work with the mentally retarded.

                                                    Comment

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