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Subject: Re: [uk-netmarketing] Any news on Idealab London
From: Adam Atkinson
Date: Mon, 22 Jan 2001 16:28:34 -0000

In today's venturewire
======= Top Stories =======

o Idealab! Seeks Strategic Partner in Europe

LONDON -- After laying off about 10% of its staff
last week, Internet investor idealab! is looking
for help in Europe. David Ishag of idealab!'s European
office confirmed that the firm is seeking a strategic
partner in Europe. Mr. Ishag said, "At this stage
we're not talking about the discussions," but revealed
that idealab! is engaged in talks with at least
one firm in the telecommunications industry. Mr.
Ishag said that idealab! had no plans to open additional
offices in Europe but would support the rollout
of its portfolio companies. Idealab! has run into
difficulties recently with several companies of
its Internet-heavy portifolio going out of business
and the withdrawl of its planned IPO.

----- Original Message -----
From: <tim [dot] haywardatdigitaljwt [dot] com>
To: "uk-netmarketing from chinwag" <uk-netmarketingatlists [dot] chinwag [dot] com>
Sent: Monday, January 22, 2001 9:20 AM
Subject: [uk-netmarketing] Any news on Idealab London

> I think my previous stab at this may have got lost in the post.
> Does anyone have any gossip on the current state of Idealab's London
office? A
> story in the FT last week mentioned (hotly denied) rumours that the London
> operation had been dumped when they shed 25% of their US staff.
> T

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