Intershop
Filed in archive on July 3, 2003
Intershop has announced a much worser sales target for 2003 as expected. It reacted immediately and fired roughly 50% of staff accordingly. A sad story ....
Permalink: Intershop
Tags: 2003 intershop entrepreneurship technology site july+2003 venture+capital hedge+funds
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Rating: 6.50 out of 4 vote(s) cast.
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Response from:
Mario Jurkovic
(07/03/03 6:40pm)
Response from:
TJ
(07/04/03 4:48pm)
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Indeed Intershop lays in it's ruins already. Well I had wished them a better future. But it seems, they just last any USP in the boom.
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Revenue will be between 20 million and 25 million euros, below the original forecast of "slightly lower than last year's 45.1 million euros.''
I admire the executives for their creative wording to this economical malaise.