Feeds

Blue Carrots owner makes £1 million loss

Another day, another dotcom dollar

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Cube8.com, the investment company best known for Net community Blue Carrots, has released its six-month results and hired a CEO. The company made a loss
of just over £1 million on a turnover of £324,000. It still has £7 million in the bank, which it says will run the business for the next three years. On top of the CTO post the company announced last week, it has also taken on Brian Hindson, formerly of the British Red Cross, as CEO. Cube8 floated on the AIM in February, raising £9.5 million.



Another one bites the dust. CarOrder.com, which bought cars direct from dealers and sold them on over the Net, has shut down and laid off 100 employees.



Visit the site and you will now be greeted with: "CarOrder.com has decided to suspend our retail Web site activities as of today, August 18, 2000 in order to execute on our mission to leverage cutting-edge technology in the operation of dealerships." The company had suffered from heavy competition and tight margins.



NetCom has said that increased call volumes had boosted its revenues in the first half this year, increasing pre tax profits by 50 per cent. The company


reported first half pre tax profits of 202 million Norwegian kroner, on revenues of K1.34 billion, up from K1.14 billion last year.




Metal Bulletin has said that its online product has attracted 39 per cent of its new subscribers, bringing its total to around 800. Sales of £15.1 million in the last six months pushed pre tax profits up six per cent to £2.7 million. The company provides news about the state of the metal industry.




EasyJet boss Stelios Haji-Iannou has decided to only sell shares in his business to institutional investors when he floats 25 per cent of the company in the next couple of months. This is because he fears repeating the chaos of the lastminute.com IPO where thousands of small investors tried to buy a stake in the company. It also indicated what Stelios will do when he floats part of his EasyEverything chain of Net cafes next year. ®



For more financial fun visit the Cash Register.

Build a business case: developing custom apps

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple ran off to IBM
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.