VeriSign, Inc. (NASDAQ: VRSN), reported financial results for the third quarter ended Sept. 30, 2013 reporting revenue of $244 million up 9% from the same quarter in 2012. Verisign reported net income of $81 million and diluted earnings per share (EPS) of $0.53 for the third quarter of 2013, compared to net income of $78 million and diluted EPS of $0.47 in the same quarter in 2012. The … [Read more...]
Report: Demand Media Lays Off All 15 Members Of R & D Unit
Variety.com, is reporting that just days after Richard Rosenblatt resigned from Demand Media, Inc. (DMD) as its CEO and Chairman of the Board, all 15 members of the research and development unit at the company were laid off, including chief innovation officer Byron Reese. Demand reps did not respond to repeated requests for comment to Variety.com "Reese was seen as the architect of Demand’s … [Read more...]
Demand Media Shares Hit 52 Week Low After Rosenblatt Resigns
Shares of Demand Media, Inc. (DMD) hit a 52 week low today closing at $5.34 down almost 9% in the first day of trading since Richard Rosenblatt resigned as CEO and Chairman Share hit inter-day low of $5.31. Demand Media, Inc. is now over almost 50% off its 52 week high of $10.34 Volume today was over double of its 90 day average. Demand Media, Inc. now has a market cap of $466 … [Read more...]
Demand Media CEO & Chairman Rosenblatt Resigns
Demand Media (DMD) CEO and Chairman Richard Rosenblatt resigned today. The resignation of CEO is effective October 31, 2013, and as Chairman is effective immediately The board has appointed Shawn Colo as interim President, effective immediately, and as interim CEO, to be effective upon Mr. Rosenblatts resignation. James Quandt has been appointed Chairman, effective immediately. The … [Read more...]
Web.com Finally Completes Acquisition Of NetworkSolutions.com
According to an email we received tonight it looks like Web.com (WWWW) has finally completed the acquisition of NetworkSolutions.com Here is the email we got tonight: "I have great news for you! Network Solutions is now a Web.com company, and with that everything just got easier. Not only will you still have access to the Network Solutions products and services you currently enjoy but you … [Read more...]
1and1.com New gTLD Pre-Registrations Blows Past 2 Million, Setting Off gTLD Pre-Reservation Panic
1and1.com which started a multimillion dollar national television advertising campaign which seemed to start around the first NFL games three weeks ago, just crossed the 2,000,000 mark in new gTLD pre-reservations. Unofficially I tracked some 70,000 pre-registrations today alone. To their credit and … [Read more...]
Marchex Pulls Plan To Spin Off Archeo Into Separate Public Company But Plans To Issues Dividends
Marchex, Inc. (NASDAQ:MCHX), today announced that it will not pursue a spin-off its domains-related assets into a stand-alone, publicly-traded company at this time and that Archeo will continue to operate as an independent division of Marchex. Marchex came to this conclusion as part of a recent strategic review which began this summer after Marchex sold certain pay-per-click … [Read more...]