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Cyberian Outpost - Internet Web Store is traded no more....
Beautifully engraved certificate from the Cyberian Outpost
. This historic document was printed by the American Banknote Company and has an
ornate border around it with a vignette of the company's name and logo, and a unique underprint of a computer screen. This item has the printed signatures of the company's officers.
Cyberian Outpost leaves Kent quarters 11/04/2005
Large trucks pulled up in front of the doors of the building housing Cyberian Outpost's offices in the Kent Town Center this week. Office equipment, computers, chairs, desks filing cabinets, lamps, boxes of files-a decade worth of memories and business-were loaded onto the waiting trucks, headed for California.
Cyberian Outpost, or Outpost.Com as it is known on its Web site and in its unusual advertising, is closing its Kent office as of Nov. 22 and moving away.
Founded in 1995 by Darryl Peck, an escapee from New York City, the company sold discounted computers, software, peripherals and business services exclusively over the Internet. Taking advantage of the dot.com boom and using an aggressive, controversial advertising program that featured fake gerbils being lobbed through a target that was shown during the Super Bowl, the company quickly outgrew its store-front office in the Kent Town Center.
In 2000 Outpost.com moved into a new 18,000-square-foot building built at the rear of Town Center. It added more space in Bethel and a huge warehouse complex in Ohio.
Outpost.com went public in 1998 trading on the NASDAQ at an opening price of $19 a share and quickly rose to double and triple its initial worth.
Today Outpost stock certificates are sold as collector's items on the Internet for the discounted price of $99.95. A victim of its own success and the bursting of the dot.com bubble, Outpost began having problems in the late 1990s, Mr. Peck left and Katherine Vick eventually took over as CEO.
Mr. Peck was brought back briefly, but the company's downward slide could not be halted. In 2001 the company, which had already laid off about 30 percent of its workforce and closed the Bethel office, was acquired by Fry Electronics of San Jose, Calif., which paid stockholders 25 cents for each share.
KENT, Conn., Nov. 8, 2001 /PRNewswire/ -- Outpost.com (Cyberian Outpost, Inc.; Nasdaq: COOL) today announced the completion of its cash merger with Fry's Electronics, Inc. following the approval of the merger at a special meeting of Outpost.com's stockholders. Of the shares of Outpost.com common stock voted at the special meeting, 95.2% were voted in favor of the merger. As a result of the merger, Outpost.com became a wholly-owned subsidiary of Fry's and each outstanding share of Outpost.com's common stock was converted into the right to receive $0.25, without interest. Outpost.com is no longer publicly held, and will cease trading on the Nasdaq National Market at the close of business today.
Darryl Peck, Outpost.com's founder, President and Chief Executive Officer, stated, "Fry's acquisition of Outpost.com proved to be our best opportunity to enhance stockholder value. Outpost.com's employees and management are excited to join the Fry's family and extend to the Internet Fry's philosophy of being the one-stop supplier to the hi-tech professional."
Outpost.com, established in 1995, is a leading Internet retailer of consumer technology products. Outpost.com has been named the top-rated consumer shopping experience on the Web by the on-line shoppers' rating service Bizrate.com, receiving the "Circle of Excellence Award" for Holiday 2000 and the 1999, 2000 and 2001 #1 PowerRanking for Computing by Forrester Research. Today, Outpost.com has an existing customer base of over 1.5 million. As a full service provider (FSP), Outpost.com provides its partners with e-commerce solutions encompassing site design, site maintenance, order management and fulfillment.
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