Former CEO of Fingerhut Buys 10% Stake In Ubid

Thread Rating:

0 Vote(s) - 0 Average
1
2
3
4
5

Threaded Mode | Linear Mode

Former CEO of Fingerhut Buys 10% Stake In Ubid

12-04-2007, 01:06 PM,

Post: #1

mandy Offline

Administrator

Posts: 9,932
Likes Given: 0
Likes Received: 6 in 5 posts
Joined: Feb 2011
Reputation: 0

Former CEO of Fingerhut Buys 10% Stake In Ubid

Quote: Ted Deikel, former CEO of catalog and online retailer Fingerhut, has purchased a 10% stake in the parent company of online auction site uBid.com, buying 1.8 million shares in market transactions, uBid.com has disclosed. Shares in uBid.com Holdings Inc. have traded at between 78 cents and $1.32 in the past three months.

Deikel pointed to the September appointment of Jeff Hoffman as uBid.com CEO as a factor in his investment. "I believe uBid's wealth of online selling experience, recent focus on maximizing relationships with their merchants and CEO Jeff Hoffman's unique experience in the auction and e-commerce space positions the company to win big in the multi-billion dollar online liquidation market," Deikel says.

full article: http://www.internetretailer.com/dailyNews.asp?id=24618

« Next Oldest | Next Newest »

Possibly Related Threads…
Thread		Author	Replies	Views	Last Post
	Ubid to Relaunch BIDVILLE........	sneakymagenta	1	2,177	10-23-2011, 05:53 AM Last Post: regic
	Ubid to launch fixed price venue RedTag	mandy	2	2,685	08-30-2008, 01:48 AM Last Post: amy
	What a Shock...NOT! Bidville has no place in Ubid's plans! Ubid to CLOSE BV!	mandy	6	3,392	05-24-2008, 02:52 AM Last Post: dimucci
	Ubid adds new channels to service excess inventory market	mandy	1	2,131	04-30-2008, 11:01 AM Last Post: mandy
	Ubid Q3 Revenues Nosedive to $9.7M from $14.3M	mandy	0	1,800	11-16-2007, 11:11 AM Last Post: mandy
	uBid CEO to step down at end of year	Kristijntje	2	2,495	10-27-2007, 08:37 AM Last Post: mandy
	Bidville's About Us Page: Ubid, Ubid, Ubid	mandy	2	2,143	09-12-2007, 12:18 AM Last Post: sneakymagenta
	Ubid Shareholder Speaks Out (and mentions Bidville)	mandy	1	2,252	08-27-2007, 07:14 PM Last Post: bargainbloodhound
	Ubid Q2 GMS slumps to $26.4 Million, Net Loss Narrows, Profit Margins Up	mandy	0	1,871	08-17-2007, 10:27 AM Last Post: mandy
	uBid appoints new Chairman of the Board	mandy	0	1,750	03-06-2007, 12:30 PM Last Post: mandy

Forum Jump:

Users browsing this thread: 1 Guest(s)