Indigo goes on-line with Bookshelf.ca purchase

Article Abstract:

Indigo Books & Music Inc.'s acquisition of a majority stake in Bookshelf.ca, an Internet bookseller, paved the way for its entry into the Internet retailing business, which is estimated to have sales of over C$1 billion in 1999. The acquisition of undisclosed terms followed the action of Indigo's rival, Chapters Inc., of launching a retail Web site with The Globe and Mail. Indigo, however, said that the purchase is intended to fend off Amazon.com Inc. and to benefit from the advantages that the Canadian online company would bring.

Comment:

Acquisition of majority stake in Bookshelf.ca, an Internet bookseller, paves the way for entry into Internet retailing business

Asset sales & divestitures, Acquisitions & mergers, Article, Bookshelf.ca, Indigo Books and Music Inc.

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Chapters learns e-lessons

Article Abstract:

Toronto, Ont.-based Chapters Online Inc. has reported that it earned over $12 million in sales during the holiday season. Chapters, which is one of the country's leading online book store chains, had conducted an intensive marketing campaign for its holiday season.

Book stores, Finance, Booksellers, Chapters Online Inc.

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ATI plummets on profit warning

Article Abstract:

Stock of ATI Technologies Inc. drops 42 percent after the company suffers an unexpected loss in the third quarter.

Computer peripheral equipment, not elsewhere classified, Computer Auxiliary Equip, Computer and Peripheral Equipment Manufacturing, Statistical Data Included, Computer peripherals industry, Computer peripherals, Securities, ATI Technologies Inc., ATY

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