[Nettime-bold] etoy outlives etoys

["t.whid" <twhid@spacelab.net>]

eToys issues earnings warning, prepares for sale


By TROY WOLVERTON, CNET NEWS.COM


eToys may not be playing the e-commerce game much longer.

The Los Angeles-based online toy seller issued an earnings warning 
Friday, saying that revenues for its third fiscal quarter could be 
half of what analysts expected. As a result of a revenue shortfall, 
eToys said it will run out of cash around the end of March. It has 
begun exploring options to sell the company or its assets and will 
announce layoffs early next year.

"This is certainly not good news," said company spokesman Gary 
Gerdemann. "We will be pursuing every possible avenue to maximize 
value for all stakeholders involved.


from nytimes.com
http://www.nytimes.com/cnet/CNET_0_4_4170257_00.html
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