Key Developments: United Online Inc (UNTD.O)
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Latest Key Developments (Source: Significant Developments)
High Court Of England And Wales Rules In Favor Of United Online Inc Subsidiaries Interflora, Inc. And Interflora British Unit Against Marks and Spencer Plc
United Online Inc announced that the High Court of England and Wales issued its judgment in favor of United Online`s FTD subsidiaries, Interflora, Inc. and Interflora British Unit, in their long-running lawsuit against Marks and Spencer plc. In December 2008, Interflora, Inc. and Interflora British Unit initiated proceedings against Marks and Spencer in an attempt to stop Marks and Spencer from bidding on the Interflora trademark on Google. In May 21, 2013 ruling, the trial judge concluded that Marks and Spencer`s use of the Interflora trademark as a Google AdWord to advertise the Marks and Spencer`s Flowers & Gifts website constituted trademark infringement. The case will return to court later in the year to determine how much Marks and Spencer must pay Interflora, Inc. and Interflora British Unit by way of damages and costs. Each party may seek permission to appeal. Full Article
United Online Inc Issues Q2 2013 Guidance; Revenue Guidance Below Analysts' Estimates
United Online Inc announced that for the second quarter of 2013, it expects revenue to be in the range of $222- $230 million, operating income of between $8.5-$13.5 million and adjusted OIBDA of between $27.5-$32.5 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue $233 million and EBITDA of $32 million for the second quarter of 2013. Full Article
United Online Inc Declares Quarterly Dividend Of $0.10 Per Share
United Online Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share. The dividend is payable on May 31, 2013 to shareholders of record on May 14, 2013. Full Article
United Online Inc Issues Q1 2013 Guidance; Revenue Guidance Above Analysts' Estimates; EBITDA Guidance Below Analysts' Estimates
United Online Inc announced that for the first quarter of 2013, it expects revenue to be in the range of $243- $248 million, operating income of between $8.0-$12.0 million and Adjusted OIBDA of between $28-$33 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue $238 million and EBITDA of $37 million for the first quarter of 2013. Full Article
United Online Inc Declares Quarterly Dividend Of $0.10 Per Share
United Online Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share. The dividend is payable on February 28, 2013 to shareholders of record on February 14, 2013. Full Article
United Online Inc Issues Q4 2012 Guidance
United Online Inc announced that for the fourth quarter of 2012, it expects revenue to be in the range of $218.0 - $224.0 million, operating income of between $8.1-$13.1 million and Adjusted OIBDA of between $29.0-$34.0 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue $212.7 million, EBIT of $13.3 million and EBITDA of $32.9 million for the fourth quarter of 2012. Full Article
United Online Inc Declares Quarterly Dividend Of $0.10 Per Share
United Online Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share. The dividend is payable on November 30, 2012 to shareholders of record on November 14, 2012. Full Article
United Online Inc Issues Q3 2012 Guidance In Line With Analysts' Estimates
United Online Inc announced that for the third quarter of 2012, it expects revenue to be in the range of $172.0 - $178.0 million and Adjusted OIBDA of between $23.0-$27.0. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue $175.3 million and EBITDA of $26.3 million for the third quarter of 2012. Full Article
United Online Inc Announces Plan To Separate Into Two Independent Publicly-Traded Companies
United Online Inc announced that its Board of Directors has approved a preliminary plan to separate United Online into two independent, publicly-traded companies. One of the companies will be FTD, which will include the domestic and international operations of the Company’s FTD segment, which includes the recognized FTD and Interflora brands, both supported by the Mercury Man logo that is displayed in approximately 40,000 floral shops worldwide. The other company will be United Online, which will continue to operate the businesses of the Company’s Content & Media and Communications segments, supported by strong brands such as Memory Lane, Classmates, schoolFeed, StayFriends, MyPoints, NetZero and Juno. In addition, the company announced that it also is reviewing strategic alternatives for its Content & Media and Communications businesses, including the potential spin-off of the Content & Media segment as an additional separate, publicly-traded company. The proposed spin-off of FTD is expected to take the form of a tax-free pro rata distribution to United Online stockholders.The company has retained Moelis & Company LLC as its financial advisor to assist and support the company with the proposed spin-off of FTD and strategic review of alternatives for the Content & Media and Communications businesses. Full Article
United Online Inc Declares Quarterly Dividend Of $0.10 Per Share
United Online Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share. The dividend is payable on August 31, 2012 to shareholders of record on August 14, 2012 Full Article
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