Talk:MarchFirst

From Wikipedia, the free encyclopedia

This article was nominated for deletion on April 4 2007. The result of the discussion was Keep.

Chicago Tribune - October 11, 2000

Chicago-based Internet consultant MarchFirst Inc. and Dentsu Inc. of Tokyo formed a joint venture called DentsuMarchFirst to provide new economy services to Japanese companies. MarchFirst and Dentsu combined will invest about $30 million in the venture. The companies said DentsuMarchFirst is scheduled to launch by January and will include about 40 current MarchFirst and Dentsu employees. ...

Chicago Sun-Times - October 24, 2000

MarchFirst shares drop 60 percent MarchFirst Inc. shares plunged 60 percent after the Internet consultant reported a third-quarter loss compared with a profit from a year ago and sales fell 20 percent from the past quarter. The shares dropped $7.06 to close at $4.75, and were the most actively traded on the Nasdaq Stock Market. Chicago-based MarchFirst blamed the loss on slowing demand from companies requiring its consulting services and the weakness of the euro against the dollar.

Daily Herald - October 25, 2000

CHICAGO - MarchFirst Inc. shares plunged 59 percent Tuesday after the Internet consultant reported a third- quarter loss compared to a profit from a year ago, and sales fell 20 percent from the past quarter. The shares fell $6.94 to $4.88 in Nasdaq trading. About 49.8 million shares traded, making it the most active U.S. stock, Bloomberg News reported. Chicago-based MarchFirst blamed the loss on slowing demand from companies using its consulting services and the weakness of the euro against the...

Daily Herald - December 15, 2000

MarchFirst to get $150 million investment CHICAGO - MarchFirst Inc., an Internet consultant, said Thursday that Francisco Partners LP, a private equity firm, has agreed to invest $150 million in the company in exchange for MarchFirst preferred stock.

Chicago Tribune - December 15, 2000

$150 MILLION INFUSION COSTS MARCHFIRST A 32% STAKE Beleaguered MarchFirst Inc. said Thursday it has secured a $150 million investment from Francisco Partners in exchange for preferred shares that, when converted, will equal a 32 percent stake in its Internet consultancy--a relative bargain given that the same stake a year ago would have cost more than $1.4 billion.While this transaction should help Chicago-based MarchFirst past its current cash crunch, it shows how far the company and other Internet consultants have fallen in the past...

Times Union, The (Albany, NY) - March 13, 2001

CHICAGO -- MarchFirst Inc., an Internet consultant whose shares have fallen 98 percent in the past year, said three of its top managers quit, including Chairman and Chief Executive Robert Bernard. President and Chief Operating Officer Thomas Metz and Joseph Bong, executive vice president of client services, also resigned, MarchFirst said. The company named Steve Pollema, executive vice president of global operations, as president, and said it hired a recruitment firm to help it fill the other...

New York Times, The (NY) - March 13, 2001

MarchFirst, an Internet consulting firm based in Chicago, said yesterday that Robert F. Bernard, its chairman and chief executive, and two other executives had resigned. The company has had numerous problems and has laid off 1,500 workers in the last four months. Its stock price has plunged from a one-time high of more than $52 to close down another 12.5 percent yesterday, at 98 cents. The company said that in addition to its chief executive, the chief operating officer, Thomas R. Metz, and the...

New York Times, The (NY) - March 27, 2001

MarchFirst Inc. is expected to announce layoffs of up to half of its work force, or about 3,500 employees, by the end of this week, executives close to the company said yesterday. The battered technology consulting firm, which was formed from the combination of USWeb/CKS and Whitman Hart two years ago, has already laid off more than 2,000 workers the last six months to try to cut costs and shift its focus from fading dot-com clients to more reliable established companies.|MarchFirst...

Chicago Tribune - March 29, 2001

MARCHFIRST TRADE HALTED - NO DETAILS; PRICE OF FIRM'S SHARES WAS AT 16 CENTS Trading in the stock of beleaguered Internet consultant MarchFirst Inc. was halted Wednesday as the Internet consultant's remaining 7,000 employees braced for impending layoffs.The Nasdaq stock market said in a press release that trading was stopped due to a "request for additional information" from the company. Spokesmen from Nasdaq and MarchFirst declined to comment further. MarchFirst has been negotiating with several parties, including Chicago-based...

Chicago Tribune - April 13, 2001

Divine Inc. said it completed its acquisition of certain assets of MarchFirst Inc., including the balance of the central region business unit accounts receivable, MarchFirst's SAP implementation practice, its value-added reseller unit and its Blue Vector venture capital arm. The acquisition, the second part of a two-part transaction to acquire some MarchFirst assets, was closed following anti-trust regulatory approval and receipt of required third-party consents. On April 2, Divine...

New York Times, The (NY) - April 13, 2001

MarchFirst Inc., an Internet consulting firm, has filed for protection under Chapter 11 of the United States Bankruptcy Code, according to the Delaware bankruptcy court clerk's office. The company, based in Chicago, listed assets and debts greater than $100 million each, according to court papers. Its creditors numbered more than 1,000 parties. Company officials were not immediately available to provide further information. MarchFirst shares, which were halted before...

Chicago Tribune - April 14, 2001

MarchFirst Inc. continued negotiating Friday to sell its European operations while awaiting a hearing in U.S. bankruptcy court as early as next week.A European deal is believed to be near because MarchFirst did not include those operations in its filing Thursday for Chapter 11 protection from creditors in a Delaware bankruptcy court. Included in the petition are the Chicago-based parent company and 21 U.S. affiliates. Most are operations of the former USWeb/CKS, the San Francisco company...

New York Times, The (NY) - May 1, 2001

In the latest collapse in the once-hot world of Internet consulting, MarchFirst Inc. now plans to liquidate after filing earlier this month for bankruptcy reorganization, according to court documents. MarchFirst, which collapsed amid a slowing economy and a drop in information technology spending, obtained an order last week from United States District Judge Joseph Farnan converting its Chapter 11 bankruptcy filing for reorganization into a Chapter 7 filing for liquidation.|MarchFirst...

Chicago Tribune - February 28, 2002

Ex-CEO denies any MarchFirst misconduct Former MarchFirst Chief Executive Robert Bernard on Wednesday strongly denied any wrongdoing in the Internet consultancy's collapse. Responding to a lawsuit filed by the trustee in the company's bankruptcy case, Bernard said it's easy to pinpoint bad business decisions in hindsight, but allegations that MarchFirst executives sought to create an "unfounded illusion of success" are untrue. "It's...

Daily Herald - August 7, 2002

MarchFirst investors denied their lawsuit CHICAGO - MarchFirst Inc. shareholders who filed a securities- fraud lawsuit against officers of the bankrupt Internet consultant were denied preliminary court approval of a proposed $22 million settlement. The class-action suit accused MarchFirst officials of misleading investors and inflating the price of company stock. The shareholders, who sued in 2000, sought preliminary approval of a proposed $22 million settlement reached with the...

[edit] Super Bowl ad

When was this company's Super Bowl ad? I remember it, but I don't know when it aired. It was an artsy-fartsy ad that did not explain the company well. Also, is this piece of information relevant as part of the dot com bust excesses? Guroadrunner (talk) 20:50, 31 January 2008 (UTC)