More troubles for Drkoop.com

Todd Woody, The Industry Standard   Today’s Top Stories   or  Other Health Care Stories  

Simplifying the Data Center Network A Roundtable Discussion on File Management Getting the Most from DFS F5 and the 8 Ways to Virtualization IronPort Encryption Technology: Safeguarding Business Email Juniper Networks SSL VPN and Oracle Identity Federation Implementation Guide Compterworld Technology Briefing: Intelligent Users Use Business Intelligence Computerworld Report- Large Enterprises Pay More for IPAM An Apple for Your Enterprise? Sign up to receive Health Care Resource Alerts

January 17, 2001 (Industry Standard) -- Further succumbing to the dot-com malaise, Internet health company Drkoop.com Inc. is handing pink slips to 45 employees, shuttering its Austin, Texas, headquarters and relocating to Southern California.
The latest layoffs are a further setback for the new management team that last August took over the company co-founded by former Surgeon General C. Everett Koop (see story). The company will move its headquarters to Santa Monica, Calif., where CEO Richard Rosenblatt's Prime Ventures venture capital firm is located.
"We want to be in a position so that we can partner effectively and leverage off the technology of others rather than continually spend [research and development] capital in building our own technologies that could very well be out of the date by the time we hit the market," said Drkoop.com President Ed Cespedes.
In a statement, Drkoop board member and Austin venture capitalist Scott Hyten portrayed the moves as "an important step in the progress of Drkoop.com toward profitability."
It could be a long march. Drkoop's managers so far have been unable to reverse the company's fortunes, and Drkoop risks being delisted from the Nasdaq Stock Market. On Tuesday, the company's stock was trading at 48 cents a share. Today it was up to 50 cents.

Related stories:

• Ailing e-Health sites stymie users' Web initiatives, Jan. 15, 2001


• Ailing PlanetRx cuts jobs to conserve cash , Aug. 29, 2000


• Two executives resign as Drkoop.com faces more losses, July 17, 2000

Reprinted with permission from

For more news on the Internet Economy, visit The Industry Standard.
Story Copyright 2008 The Industry Standard. All rights reserved.

Print this Story

Send Us Feedback

E-mail this Story

Digg this Story

Slashdot this Story

"Analysts at Datamonitor say IT budgets are headed south in 2009 -- except in the health care industry (thanks to..." Read more... "When balancing the need for emergency access to electronic medical records against security concerns, patients are on the horns of..." Read more... Read more health care posts or See all Blogs

New Windows worm builds massive botnet 7 ways to cut your software costs during the economic downturn How spyware nearly sent a teacher to prison More top stories...

Windows market share dives below 90% for first time Major e-stores malfunction on Black Friday and Cyber Monday Glory days: How high school shaped nine IT leaders

Review: The new MacBook Air, now with extra SSD goodness Thin as ever, the latest Air offers up to twice the storage and snappy performance. Cool Stuff: Your 2008 Holiday Gift Guide We've got an array of economical, expensive, and just plain weird tech gifts for your friends and family. Massive botnet returns from the dead, starts spamming The spam-spewing 'Srizbi' botnet that was shut down two weeks ago has been resurrected and is again under criminal control, say security researchers. Elgan: Why you can't trust 'friends' on Facebook Facebook is popular and growing -- especially with criminals. Here's why they love it. Windows 7 Get the latest news, reviews and more about Microsoft's newest desktop operating system More Continuing Coverage Windows 7 Voting Technology Google's Chrome browser Economy in turmoil: Latest news and tips iPhone 3G Bill Gates moves on Windows Vista A to Z Mac A to Z 2008 Salary Survey Find wage data for 50 IT job titles. More Special Reports 2008 Premier 100 IT Leaders 2007 Premier 100 IT Leaders 2008 Best Places to Work in IT 2007 Best Places to Work in IT 2008 Salary Survey 2007 Salary Survey 2006 Salary Survey 2008 IT Forecast 2007 IT Forecast 40 Years of Computerworld Top 12 Green-IT Users The FAQs About Going Green IT Schools to Watch iPhone: One Year Later Global Mobile Your Next Data Center Management: Reinventing IT Stop Data Leaks Web 2.0 Security Surviving Disasters Managing Storage Virtualization The Lean Storage Machine Storage on Trial Can Web 2.0 Save BI? Bypass These BI Potholes All Zones Business Continuity Zone The File Data Management Zone Security Management Zone The SAS Zone Business Intelligence and Analytics Zone The Enterprise Search Zone Software as a Service Zone The Security Zone See your link here

• New Windows worm builds massive botnet
• Windows market share dives below 90% for first time
• 7 ways to cut your software costs during the economic downturn
• More top stories