April 30, 2001
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Technology Briefs
Interfase Provides Financing to Stan Lee
Media
Interfase Capital LP, an Austin-based
venture-capital firm, said it will provide
debtor-in-possession financing to Stan Lee Media
Inc. for operations during reorganization. Stan Lee
Media filed for Chapter 11 bankruptcy protection
in February. Interfase said it plans to form a
limited partnership that will acquire a substantial
equity position in the reorganized company and
facilitate long-term relationships between Stan
Lee Media and other Interfase Capital portfolio
companies.
Quokka Sports Seeks Bankruptcy Protection
Quokka Sports Inc., saying it has filed for
bankruptcy protection, is the latest casualty of a
slumping advertising market among sports-related
Web sites. Alan Ramadan, Quokka's chairman, said
attorneys filed documents with U.S. bankruptcy
court late Friday. Mr. Ramadan did not provide
information about the San Francisco company's
plans, but people close to the company recently
said the company would shut down. On Thursday,
the Nasdaq Stock Market halted trading in Quokka
shares, then valued at 23 cents each. Other
Quokka representatives couldn't be reached for
comment. Quokka had forged a pact with General
Electric Co.'s NBC-television unit and received
capital from Santa Clara, Calif., chip maker Intel
Corp. But as advertising fell, Quokka and other
sports sites cut back. Closely held Broadband
Sports Inc., Santa Monica, Calif., announced plans
to shut down; Sportsline.com Inc., Fort
Lauderdale, Fla., said it would lay off employees.
SK Telecom Plans Share Buyback
South Korea's SK Telecom Co. will buy back about
788.1 billion won ($593.6 million) worth of its
shares on the stock market between May 2 and
June 28, SK Telecom spokesman Hur Jai-yung
said Monday. SK Telecom, one of South Korea
largest wireless carriers, told the Korea Stock
Exchange Friday the company will buy back 3% of
its shares on the market to boost its stock price.
Yahoo! to Begin Move Into Its New
Headquarters
Yahoo! Inc. will begin moving into its new
headquarters this weekend, a move that will
reduce costs and consolidate the company's work
force. The Internet company, which provides
content and services over the Web such as
financial news and shopping, will transfer its
employees and their equipment such as personal
computers to its new Sunnyvale, Calif.,
headquarters over the next two months, a
spokeswoman said. The company, which had been
leasing office space in Santa Clara, Calif., will
move into its three new office buildings at 701
First Avenue in Sunnyvale, Calif., near the
intersection of Highways 101 and 237.
AT&T Wireless Names McCabe CFO
AT&T Wireless Group, Redmond, Wash., said
Friday it named Joseph McCabe Jr. chief financial
officer. Mr. McCabe has held the title of interim
CFO since the mobile phone-service provider held
its initial public offering last year. Mr. McCabe, who
will also hold the title of executive vice president,
previously was the chief financial officer of AT&T
Wireless's mobility business.
gruß
proxi
Technology Briefs
Interfase Provides Financing to Stan Lee
Media
Interfase Capital LP, an Austin-based
venture-capital firm, said it will provide
debtor-in-possession financing to Stan Lee Media
Inc. for operations during reorganization. Stan Lee
Media filed for Chapter 11 bankruptcy protection
in February. Interfase said it plans to form a
limited partnership that will acquire a substantial
equity position in the reorganized company and
facilitate long-term relationships between Stan
Lee Media and other Interfase Capital portfolio
companies.
Quokka Sports Seeks Bankruptcy Protection
Quokka Sports Inc., saying it has filed for
bankruptcy protection, is the latest casualty of a
slumping advertising market among sports-related
Web sites. Alan Ramadan, Quokka's chairman, said
attorneys filed documents with U.S. bankruptcy
court late Friday. Mr. Ramadan did not provide
information about the San Francisco company's
plans, but people close to the company recently
said the company would shut down. On Thursday,
the Nasdaq Stock Market halted trading in Quokka
shares, then valued at 23 cents each. Other
Quokka representatives couldn't be reached for
comment. Quokka had forged a pact with General
Electric Co.'s NBC-television unit and received
capital from Santa Clara, Calif., chip maker Intel
Corp. But as advertising fell, Quokka and other
sports sites cut back. Closely held Broadband
Sports Inc., Santa Monica, Calif., announced plans
to shut down; Sportsline.com Inc., Fort
Lauderdale, Fla., said it would lay off employees.
SK Telecom Plans Share Buyback
South Korea's SK Telecom Co. will buy back about
788.1 billion won ($593.6 million) worth of its
shares on the stock market between May 2 and
June 28, SK Telecom spokesman Hur Jai-yung
said Monday. SK Telecom, one of South Korea
largest wireless carriers, told the Korea Stock
Exchange Friday the company will buy back 3% of
its shares on the market to boost its stock price.
Yahoo! to Begin Move Into Its New
Headquarters
Yahoo! Inc. will begin moving into its new
headquarters this weekend, a move that will
reduce costs and consolidate the company's work
force. The Internet company, which provides
content and services over the Web such as
financial news and shopping, will transfer its
employees and their equipment such as personal
computers to its new Sunnyvale, Calif.,
headquarters over the next two months, a
spokeswoman said. The company, which had been
leasing office space in Santa Clara, Calif., will
move into its three new office buildings at 701
First Avenue in Sunnyvale, Calif., near the
intersection of Highways 101 and 237.
AT&T Wireless Names McCabe CFO
AT&T Wireless Group, Redmond, Wash., said
Friday it named Joseph McCabe Jr. chief financial
officer. Mr. McCabe has held the title of interim
CFO since the mobile phone-service provider held
its initial public offering last year. Mr. McCabe, who
will also hold the title of executive vice president,
previously was the chief financial officer of AT&T
Wireless's mobility business.
gruß
proxi
