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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

Category: E-commerce
January 10, 2008 at 2:55 PM

Intelius files to go public

Intelius, the company that provides online background checks and sells cellphone numbers to consumers, filed for an initial public offering today, according to documents filed with the Securities & Exchange Commission.

The Bellevue-based company said it hopes to raise up to $143.8 million in the offering. It would trade on the Nasdaq market under the symbol “INTL.”

Co-founder, CEO and President Naveen Jain previously founded InfoSpace, which at its height was worth more than Boeing. He was ultimately let go and paid a multi-million dollar settlement amid allegations of insider trading.

A Seattle Times investigation published in 2005 found that Jain, 48, and other InfoSpace executives appeared to have boosted the company’s stock value with accounting tricks and dubious deals in 2000. The investigation found they concealed revenue shortfalls and made “lazy Susan” deals in which company officials invested in other firms that, in turn, sent money back that InfoSpace could count as revenue.

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June 5, 2007 at 11:56 AM

Amazon joyo-ful about China

Shares of Amazon.com rose today after reports quoted CEO Jeff Bezos as saying the company will invest more in China. Amazon shares added $3.10, $73.52 at noon. Earlier, shares hit a new seven-year high at $73.93. At a press conference in China, Bezos said the company will put more funding into its business there since it…

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May 16, 2007 at 10:36 AM

Amazon digital music store won’t have copy protection

Finally confirming months of swirling rumors, Amazon said today it will launch a digital music store later this year. But unlike the many stores already out there, this one has a twist: its songs won’t have copy protection restrictions. The songs will be in the MP3 format, which means that you can pretty much do anything…

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May 15, 2007 at 10:05 AM

Farecast unveils new features and audit results

Seattle airfare prediction company Farecast is no longer in its beta, or testing, period starting today. The company also said it’s introducing some new features, including an alert system to tell users when certain airfares drop. Farecast also disclosed the results of an audit of its airfare predictions. The company hired Navigant Consulting to analyze…

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May 14, 2007 at 1:28 PM

Amazon buys digital camera site

Amazon.com has bought London-based digital camera site dpreview.com for an undisclosed amount. In a statement announcing the deal, dpreview founder Phil Askey said he didn’t have enough time to produce content and come up with new site features. Now with Amazon’s help, he said, he’ll be able to devote more time to site…

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