Fast Facts Section B: February 19, 2001
Quokka Sports last week announced plans to cut 217 employees, or 59 percent of its work force. The company, which ran NBCs official Web site during the Summer Olympics in Sydney, Australia, attributed the reorganization to a slumping online advertising market. As part of the revamping, a new division will sell technology services to other Web sites.
Internet retailer Buy.com, which sells computers, digital cameras and other merchandise, announced that Chief Executive Gregory Hawkins and Chief Financial Officer Mitch Hill have resigned. Board member James Roszak will serve as interim CEO, while board member Donald Kendall becomes chairman. Robert Price will replace Hill as CFO. Price previously worked at PairGain Technologies.
Online pharmacy PlanetRX.com said it will cease selling health and beauty products next month to focus on prescriptions for cancer, HIV and transplant patients. The Memphis, Tenn., company is directing most current customers to one-time rival Drugstore.com. PlanetRX was delisted from the Nasdaq last month. In the last year, it has laid off 50 percent of its employees working in its former South San Francisco headquarters.