Ventro faces delisting
One-time marketplace leader Ventro is in danger of being delisted from the Nasdaq exchange. Ventro has been notified its stock isn't in compliance with the $US1 minimum bid price requirement. At one point, Ventro stock was trading at over $240 and now hovers at around 31 cents. The company was a pioneer of business-to-business marketplaces, running life science marketplace Chemdex since 1997. It also ran Promedix, a medical marketplace. Ventro was hit with a string of financial woes, including no revenue for fiscal year 2000, layoffs and later closed Promedix and Chemdex. As part of its plans, Ventro transformed itself into an e-business application and platform provider for marketplaces.
Trouble in Linuxland
Lineo, developer of the Embedix operating system and RTXC development tool, has announced it will eliminate 60 jobs and "spin out" another 100 employees in peripheral activities, the company said in a statement last week. The cuts will leave the company with some 110 workers focused on "core" activities, including embedded systems for handheld devices, residential gateways, routers, virtual private networks and digital television. Lineo plans to divest peripheral activities to partners and third parties, it said. Meanwhile, EBIZ Enterprises, which makes the Terian line of Linux servers for the business market, announced last week it is filing for protection under Chapter 11 of US Bankruptcy Law.
Airline hit counts surge
If Australian Internet users weren't permanently wired to CNN.com over the last two weeks, they were visiting the Web pages of Australia's airlines, according to Internet traffic research company Hitwise. The Hitwise data suggests that in the wake of the Ansett collapse, Virgin Blue's Web site jumped from the 58th to the 13th most visited Australian Web site. Ansett's site jumped 8 places to the 29th most popular site.