SatireWire
   
New Satire for the New Economy
SatireWire | dot.com.edy

 

UMTHINGS
History Tour T-Shirts and UmWear. V. Funny, V. Smart

CAMEO
Cool Estate Jewelry. Impress her for once.

PunchBowl
Throw Your Best Party Yet.

FARK.COM
It's not news, it's Drew's.

BBSPOT.COM
It's not Drew, it's Brian

Flag Hill Winery

The Angel Anthony Group
e-solutions for your business



Briefs in a Brief
Briefs Archives
Brief Archive 4
Brief Archive 3
Brief Archive 2
Brief Archive 1
RECOMMEND THIS
TO A FRIEND

Net Company to Hold Second IPO

San Francisco (SatireWire.com) — PeoplePC, whose initial public offering bombed last month, said today its first IPO shouldn't count, and urged investors to return their shares so the company can try again.

"Let's do best two out of three," said company CEO Nick Grouf, who watched shares fall from $10 to just below $9 on opening day.

Grouf promised his firm would do better next time, and dismissed suggestions that the drop was the result of PeoplePC's questionable business model. The company sells Internet access and PCs to members for $24.95 a month. According to Grouf, the model played a role, but the real problem was an erroneous offering price. "Considering that we fell 11 percent, pricing at $10 was clearly a mistake," he said. "We should have priced at $20. That way, we'd be sitting at nearly $18."

OTHER ARCHIVE 4 BRIEFS

¤ Ford Recalls Chrysler Minivans

¤ Dot-Coms Sick of Survivor Analogies

¤ Microsoft Wants O.J. Jury

¤ Parker Bros. Replaces Play Money with Euro

¤ AOL Offers 25 Years Free Access for First Month

¤ Still No Helmut Kohl Pics at Porn Sites

¤ New M&Enemas® Provide Instant Sugar Fix

¤ Israel Offers Palestinians Virtual Statehood
   for $49.95/Month

¤ Morgan Stanley Misses Estimates Dearly

¤ CokeSpill Virus Hits Innnntel, DDDDellll

¤ Teen Killed in Dispute Over $70 Pair of Domains

¤ Mazda Metaphor a Hit with Symbolic Car Buyers

¤ Vision of Greenspan Sighted in Tree

¤ Battered MP3 Says It's "Only a Flesh Wound"

¤ Net Company to Hold Second IPO

¤ Dot-Coms Just Dying to Get Prized OTC Listing

¤ Telecom Merger Will Create First Ever
   "Single Phone Company"

¤ Lieberman, Courting Tech, Sits Shiva For Dead Dot-Com

¤ Hackers Attack Air-Traffic Control Centers,
   Cause "On-Time Chaos"

¤ King's e-Book Plants Virus

Copyright © 2000, SatireWire.

Back to Top

UmThings: we sell, um, things

 



SatireWire: dot.com.edy
SatireWire is intended for use by those age 18 and older. All stories are fictional and satirical and should not in any way be construed as fact. Please read our disclaimer. All contents Copyright © 1999-2003, SatireWire, LLC. All rights reserved.

Computer Reviews - Panic Attacks and Anxiety Disorders - Startup Ideas & Small Business Advice - Trade Suppliers Directory - Wholesale Forum - Wholesale Marketplace & Trade Suppliers - Wholesale Directory - Crazy Slots Casino