Andreessen steps down from AOL

Article Abstract:

America Online's chief technology officer, Marc Andreessen, has stepped down after seven months in the position, to be replaced by William J. Raduchel, chief strategist for Sun Microsystems. Mr. Andreessen says that he would rather work with and invest in start-up companies. He has set up a part-time position at AOL that will allow him to do just that. Mr. Raduchel is seen by some as having a background more congruent with the corporate culture of AOL. He was one of the four top executives at Sun, and over the past ten years, has served as Sun's chief financial officer and its chief information officer. When AOL chairman Steve Case heard that Mr. Raduchel was considering leaving Sun, he called to offer him the post at AOL.

Telegraph & other communications, Officials and employees, Internet service providers, Online services, America Online Inc., AOL, Appointments, resignations and dismissals, Internet service provider, Andreessen, Marc, Raduchel, William J.

---

The neighborhood business

Article Abstract:

Geocities (www.geocities.com) , an Internet services company located in Santa Monica, Calif., will go public with an initial public offering. The company offers free space for Web home pages and other services to over 2 million members who, by June 1998, have created over 15 million Web pages. The company plans to expand its audience, charge some member fees and sell more advertising space to attract investors. Geocities plans to quadruple its revenue to between $20 to $25 million in 1998 from $4.6 million in 1997.

Comment:

Planning an intitial public offering in a strategy to increase revenue, advertisers and members

Securities issued, listed, New Electronic Marketing, Geocities

---

Amazon.com is expanding beyond books

Article Abstract:

The Junglee Corp., which runs a shopping service with a wide variety of products, has been acquired by Amazon.com. in a stock exchange valued at $187 million. In a separate deal, Amazon.com also acquired Planet All, an Internet address service with 1.5 million members, in a stock exchange valued at $93 million. Amazon. com, which has 3.1 million customers and sales of $203 million in the first half of the year, plans to use Planet All's address directory available to customers as a gift-delivery service.

Comment:

Has acquired the Junglee Corp. and Planet All

Asset sales & divestitures, Acquisitions & mergers, Mail Order Houses, Electronic Shopping and Mail-Order Houses, Mail order business, Amazon.com Inc., Junglee Corp.

Similar abstracts:

• Abstracts: Amazon.com is expanding beyond books; top Internet retailer buys 2 companies. Internet merchants try to fight fraud in software purchases
• Abstracts: Yahoo! results beat estimates as revenue surges. Amazon.com will go head to head with eBay, OnSale in online auctions
• Abstracts: Pet project: Biotechs switch from drugs for man to drugs for man's best friends. FDA allows large-scale trial of AIDS vaccine
• Abstracts: GM strike spreads to communities far from Flint factories. General Motors and U.A.W. agree on end to strike
• Abstracts: UBS plans to sell two of its units to Italy's Generali. BankAmerica merger is complete, creating behemoth U.S. bank

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.