DEAD DOTCOMS?

[johnnymk]

I just read the latest issue of Industry Standard, a magazine which is an indicator of the Internet Economy.It has an article of 257 firms which are at risk of being delisted from the NASDAQ. This happens when the stock falls below $1.00 for at least 30 days. The list identifies the following:
Autoweb.com
Beyond.com
Drkoop.com
Emachines
Garden.com
Globalmedia.com
HealthCentral.com
Lexar Media
Pets.com
PlanetRX.com
Snowball.com
Sportsman's Guide
Theglobe.com
Tickets.com
VitaminShoppe.com

[mahalo]

Man,

The companies on that list used to be all the Cool Kids. It is pretty sad.

[pennypinch]

I believe garden.com no longer exists. Sold it's physical assets to Walmart.com, and it's brand to someone else.

But really, you look at that list: Beyond? They were among the hottest just 10-12 months ago!

[Captain Clueless]

Remember that "delisted" is not the same as "dead"!

When a company's stock is delisted, that means it gets punted from NASDAQ and has to hang out in the over-the-counter (OTC) market. This makes the stock less liquid, less visible, and less desirable, but it doesn't actually kill the company. Losing enough money does that. :bawl:

Companies can also drag their feet through appeals to NASDAQ or even work a reverse stock split to stay on the board. But no, getting below $1/share isn't good.

[helius]

Just about every company that gets de-listed eventually dies off (gets sold to larger competitors, or just go bankrupt). There was an article somewhere that I read. Ah well, it's sad to see some of the nicer companies go.