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Egghead Software
Egghead Software was an American computer software retailer. Founded in 1984, it filed for bankruptcy in 2001 and its domain name was acquired by Amazon.com.
The company was founded by Victor D. Alhadeff in 1984, as a single store in Bellevue, Washington.
Customers were able to sign up for a "CUE" card ("Customer Updates and 'Eggs' tras") that would provide discounts.
By June 1987, when Alhadeff was 40 years old, the company had 50 stores on the West Coast of the United States.
In June 1988, the company became a public company via an initial public offering. Within a year, the stock price dropped from $17 per share to $11 per share and top executives, including the founder, were sued for fraud for failing to disclose material facts about the true condition of the company's inventory systems and finances.
By December 1989, the company had 206 stores, but closed 20 of them due to losses and inventory issues and theft.
In June 1993, the company released its first software product, Egghead Express, which allowed customers to place and manage orders.
In 1995, the company moved its headquarters from Issaquah, Washington, east of Seattle, to Spokane. At that time, it had 2,500 employees and operated retail stores in 30 states.
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Egghead Software
Egghead Software was an American computer software retailer. Founded in 1984, it filed for bankruptcy in 2001 and its domain name was acquired by Amazon.com.
The company was founded by Victor D. Alhadeff in 1984, as a single store in Bellevue, Washington.
Customers were able to sign up for a "CUE" card ("Customer Updates and 'Eggs' tras") that would provide discounts.
By June 1987, when Alhadeff was 40 years old, the company had 50 stores on the West Coast of the United States.
In June 1988, the company became a public company via an initial public offering. Within a year, the stock price dropped from $17 per share to $11 per share and top executives, including the founder, were sued for fraud for failing to disclose material facts about the true condition of the company's inventory systems and finances.
By December 1989, the company had 206 stores, but closed 20 of them due to losses and inventory issues and theft.
In June 1993, the company released its first software product, Egghead Express, which allowed customers to place and manage orders.
In 1995, the company moved its headquarters from Issaquah, Washington, east of Seattle, to Spokane. At that time, it had 2,500 employees and operated retail stores in 30 states.