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Infospace

Industry Moves
Industry Moves: InfoSpace Changes CEO After Six Years

Feb 5, 2009 8:57 AM

InfoSpace (NSDQ: INSP), now focused only on online directory and meta search services after divesting itself from mobile two years ago, has changed its longtime CEO: Jim Voelker is retiring after six years at the company, though he will remain as board chairman through 2010. Taking over is William Lansing,…

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Posted In: Industry Moves, Search, Technologies / Formats, infospace, jim voelker, william lansing

Earnings
Earnings: Infospace Q2 Revs Climb 21 Percent After Erasing Last Year’s Net Loss

Aug 6, 2008 8:02 AM

Online search and information site Infospace posted Q2 net income of $1.9 million ($0.06 per diluted share) from last year’s $28.1 million ($0.86 per share) net loss. Net income in the second quarter of 2008 includes an impairment charge of $4.4 million on the company’s investments in auction rate securities.…

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Posted In: Money, Earnings, Search, Technologies / Formats, infospace

Earnings
Earnings: Infospace Revs Up 18 Percent; Loss Deepens On Auction Rate Woes

May 1, 2008 11:47 AM

The freeze-up in the auction rate securities market pops up again, as Infospace says its Q1 earnings were hit by a $6.7 million charge related to this market. The online search and information provider said it lost $2.8 million ($.08 per share) in the quarter, compared to a loss of…

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Posted In: Money, Earnings, infospace

Motricity Takes Most Of The Hits With The InfoSpace Merger; Shelves IPO Plans

Mar 6, 2008 1:25 AM

Lots of activity at mobile content and technology firm Motricity, which paid $135 million in October to acquire the InfoSpace mobile division. Now InfoSpace is taking over. As we reported yesterday, Motricity said it will be laying off 250 of its 600 employees and will move its headquarters to Bellevue…

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Posted In: Mobile, Money, M&A & Venture Capital, Mergers & Acquisitions, infospace

Motricity Leaning Heavily On InfoSpace Acquisition; Laying Off 250 And Moving To Bellevue

Mar 4, 2008 11:10 AM

As expected, mobile content and technology company Motricity has confirmed its much anticipated layoffs, putting the official number at 250. The elimination of more than one third of its workforce will occur over the next nine months, with all affected workers getting an unspecified severance. Previous guesses had pegged the…

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Posted In: , infospace

Infospace To Cut 20 Percent of Jobs; Reducing Costs

Jan 3, 2008 12:09 PM

Infospace, which has now sold off all of its mobile businesses and fully focused on online search, will cut about 35 jobs, or about 20 percent of its work force, and take Q4 charges of $7 million to $8 million as a result, the company announced today. Also, it expects…

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Posted In: Jobs & Layoffs, Search, Technologies / Formats, infospace, layoffs

Infospace Returns $300 Million To Shareholders; More To Follow

Nov 15, 2007 11:58 AM

How many times would you ever envision this scenario for Internet companies? Infospace, which is in the process of reorganizing itself an an online search-only business, said its board approved a special cash distribution of $9 a share, following the sale of its online directory business. The total money paid…

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Posted In: , infospace

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