Feeds

Ricardo share price bombed by QXL jitters

'Nothing illegal, illicit or fraudulent', says QXL

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Online auction house Ricardo.de's share price was still suffering this morning amid doubts over its planned buyout by QXL.com.

The German company's shares slid 16 per cent to E32.6 on the Neuer Mart yesterday after QXL issued a statement saying it had received "certain information" from Ricardo since the deal was announced in May. Today its share price remained unchanged.

According to reports, QXL CEO Jim Rose said he hoped to reach a decision about Ricardo - which uses ex-Compaq chief Eckhard Pfeiffer as its figurehead - "within a week".

He was unable to give details on yesterday's statement, but told The Express: "What I can say is that there's nothing illegal, illicit or fraudulent".
Related Story
QXL buyout of ricardo gets delayed



Clive James is to be the figurehead of a new online venture to attract yet more antipodeans to the UK. Welcome Stranger recently launched aussieinlondon.com, an information service for Australians in the big smoke.



It plans to set up similar sites for South Africans and Kiwis. James said he will lend the company his business experience in exchange for a "pitifully small" shareholding.



Electronic Arts has secured the rights to publish games based on the massively successful Harry Potter series. Fans of the book will be able to test their skills at "Quidditch" - a game from the books played on broomsticks with four differently sized balls. The company's online division also has exclusive programming rights for AOL's games channel, and will design Harry Potter games for the Internet.®



For more dotcom financial antics, check out Cash Register.

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.