Flutterby™! : Excite sells Blue Mountain

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Excite sells Blue Mountain

2001-09-14 17:48:29+02 by Dan Lyke 0 comments

In the "maybe we can sneak this in while nobody's paying attention" department, Excite sells Blue Mountain Arts to American Greetings for 35 million, less than 1/20th of what they paid for it. In other news, the Excite board amazingly hasn't excoriated the officers of the company and left them staked out in the sun over ant hills. Nobody can explain this incredible show of charity, maybe they're just grateful that Excite's CFO left without a fuss. And Cisco Systems has promised to buy back shares, just as soon as the markets open. Wow, does this read like a paragraph from Need To Know.

[ related topics: New Economy Current Events ]

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