Idealab Scraps IPO.The bear market in Internet stocks Internet stock The equity security of a company engaged primarily in a business associated with the Internet. Also called dot-com. forced once-highflying Internet business incubator Business incubators are organizations that support the entrepreneurial process, helping to increase survival rates for innovative startup companies. Entrepreneurs with feasible projects are selected and admitted into the incubators, where they are offered a specialized menu of Idealab to abandon its plans for an initial public stock offering. As the creator of such companies as online toy retailer eToys, search engine firm GoTo.com and free Internet service An ISP that provides access to the Internet without charge to the user. The service is supported by advertising which appears on a special version of the user's browser and cannot be eliminated. NetZero (www.netzero. provider NetZero Inc., Pasadena-based Idealab was celebrated as a darling of the New Economy. But as investors lost faith in money-losing Internet startups, including those spawned by Idealab, the 5-year-old incubator incubator, apparatus for the maintenance of controlled conditions in which eggs can be hatched artificially. Incubator houses with double walls of mud, a fireroom, and several compartments each holding about 6,000 hens' eggs were developed in ancient times; the has lost its luster. Idealab Chairman Bill Gross gave the news in an e-mail to his 230 employees. |
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