Prognosis for Drkoop.com Improves
Drkoop.com may be getting off its deathbed. A poster child for dot-bomb disease, the ailing health care site announced today that it has found a treatment for one of its major symptoms: massive hemorrhaging of cash sustained in a head-on collision with America Online's marketing department.
With less than five months left, according to its own auditors, the company announced yesterday that it has hired Bear, Stearns and Company to explore "strategic alternatives," suggesting an outright sale of the company. The company says that it can't continue for much longer, citing dwindling reserves and lower-than-expected advertising revenue. The company has about $24 million left in its coffers.
Most Popular »
- How Cash Keeps Poor People Poor
- E.T. Turns 30: 10 Things You Didn't Know About Our Favorite Extraterrestrial
- 15-Year-Old Creates Test for Pancreatic Cancer
- Fourth Flesh-Eating-Bacteria Case Confirmed in Georgia, Possible Fifth
- Nevada Ghosts: Rare Photos From an A-Bomb Test
- A New First Amendment Right: Videotaping The Police
- Euro Crisis: Why A Greek Exit Could Be Much Worse Than Expected
- 10 Dangerous Products You Might Have in Your Home
- No Spontanaeity Allowed: How to Visit North Korea as a Tourist in Four (Restrictive) Steps
- Could a Fertility Gene Discovery Lead to New Male Contraception?
- Researchers Probe the Potential Health Benefits of Palm Oil
- A Visit with Turkey's Controversial Religious Movement
- Feeding the Planet Without Destroying It
- Bubble on the Potomac
- Falcon's Liftoff: How a Private Firm Could Change Space Exploration
- The Fatal Flight of the Superjet 100: Why Did It Slam Into a Mountain?
- Learning That Works
- The Man Who Remade Motherhood
- Bibi's Choice
- Seoul: 10 Things to Do
More News from Our Partners
Top Stories on TIME.com
Quotes of the Day »
