Feeds

Letsbuyit.com float on again

Prepared to brave a Letsnotbuyit market

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Letsbuyit.com looks like its finally going to take the plunge and float on the stock market tomorrow. The co-op online purchaser has had a chequered past, including two abandoned floats, a lost investor and some appallingly PR stunts, but is going for broke this time.

It'll have to - as the money situation is getting increasingly desperate. The Reg is not a great fan of Letsbuyit's business model, and we'll be watching the float with interest.



Alpha Telecom has gone into receivership, owing a total of £20 million to its creditors. The telecommunications reseller, which was planning a £200 million floatation in March, had been turning over £90 million a year without making a profit. Industry watchers said that the company does not have it debt collecting up to speed. Deloitte and Touche, the receivers, has said that it will try to sell the firm on as an ongoing concern.




Wanadoo - France Telecom's Net outfit - was up 10 per cent after a sober opening day on the Paris Bourse. The share price rose to Euros23 from the opening shot of Euros19, valuing the company at Euros23 billion.




First Tuesday - the clique for new media luvvies - is reportedly in talks to sell the company for £33.5 million to Israeli-based Yazam, according to the

FT

.




Amazon.com is aiming to generate "more than half" its total sales from outside the US in the next "10-years-plus", Jeff Bezos told the

Wall Street Journal

. Amazon currently gets 23 per cent of its sales from outside the US. He refused to comment on speculation that his e-tailer is looking at buying eToys, the US online toy seller. ®



If you're still hungry for bite size ebiz nibbles then click here for The Reg Bubble Economy news hub.

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.