Feeds

Express Web sites liquidated

Messy way to go

  • alert
  • submit to reddit

High performance access to file storage

Four former Express Newspaper Web sites - which were sold for £1 by its new owners last month - have been placed into liquidation. Express.co.uk, Allaboutparents.co.uk, sportlive.co.uk and companyleader.com were said to be costing the business between £7 million and £8 million a year. Fifty people have lost their jobs.



Amazon.com's Q4 results, although up 42 per cent on the same period last year, failed to meet analysts' expectations. The company reported income of $960 million for the three months to December, and is expecting gross profit of $210 million. Analysts expected figures of $1 billion and $230 million respectively. The company said it still expected an operating loss of around seven per cent on sales.




Ajay Chowdhury - the former CEO of LineOne - has been appointed non-executive director at the Internet hosting and domain outfit Virtual Internet. His appointment was made public as Virtual Internet reported that turnover for the year to 31 October 2000 increased by 232 per cent to £ 6.26 million from £1.89 million for the 13-month period ended 31 October 1999. Gross profit tripped in at £4.4 million compared with £1.2 million over the corresponding period. The loss before taxation, goodwill amortisation and the employee share incentive charge staggered in at £4.34 million compared with £1.26 million. The group says its has £19 million cash tucked away in the bank following its movement in April from AIM to the Official List of the London Stock Exchange.




First Tuesday, the organisation that provides a forum for Internet entrepreneurs and venture capitalists to meet, could be sold by its owners, Yazam.

The Independent

reports that Yazam is planning to offload First Tuesday, which it only bought in July for an estimated £50 million, as part of a plan to wind down its Internet-related business.




Geo Interactive Media Group Ltd - a provider of streaming video solutions - is seeking shareholder approval to change its name to Emblaze Systems Ltd. ®



It's gets worse. Check out Cash Reg to find out why

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.