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Ecommerce Sales In Q4 Breaks Records

socalTECH

The firm, which measures retail e-commerce sales, said the sales were up 11 percent versus a year ago. The continued growth is a welcome change from the last two years, when e-commerce sales actually dipped into the negative numbers for several quarters, after consistent, double digit sales gains every quarter.

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Cash control during these strange times

Berkonomics

And these are indeed strange times, especially if you haven’t lived through 2000-2002 and 2007-2008 recessions and difficulty in finding money from banks and investors. And profits from the sale of the product create cash for development of the next product. The simple economic truth. Here is a simple economic truth.

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Oversee.net Sells Moniker, SnapNames

socalTECH

Financial terms of the sale were not disclosed. According to Oversee, the sale helps it to focus on its core monetization and vertical markets division. Oversee.net had acquired Moniker in January of 2008, and SnapNames in June of 2007. Oversee.net had acquired Moniker in January of 2008, and SnapNames in June of 2007.

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Study: U.S. E-Commerce Drops In Q4

socalTECH

A new report released this morning find that retail e-commerce sales dropped in Q4 by 3 percent, as the dismal economy began to affect the online retail sector. According to comScore, which tracks e-commerce spending, Q4 of 2008 was the first quarter of negative growth since it started tracking spending in 2001.

Commerce 100
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RealD Names President, VP

socalTECH

Mayson has been at RealD since 2008, and previously served at Kodak. Songin has been at RealD since 2007. Songin will be based in Europe, and oversee sales, customer service, and Cinema operations for the firm there.

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MMC Sells Off Mail.com

socalTECH

Financial terms of the sale was not announced. Mail.com was re-launched by Penske back in May of 2007, but since late 2008 has been buying up Internet publishing and content sites. READ MORE>>.

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The Great VC Ice Age is Thawing (for now) – Part 1 of 3

Both Sides of the Table

Three reasons: There is a relative valuation between the price a VC pays and their expectations of what it will exit for in an IPO or trade sale. Also, it’s harder to pay a $30 million pre-money value on an unproved company when you see public companies with $100 million in sales trading for less than $20 million.