In an exclusive interview with TheStreet.com's "StreetWatch " Webcast, Shopping.com (SHOP Quote) Chairman and CEO Daniel Ciporin said the company is "on track to execute" its goals and expressed confidence that "investors will start to see evidence of how powerful the business is."
Shopping.com shares are down over 50% in 2005 as investors have generally eschewed online stocks and specifically expressed concerns about the company's spending plans for its international expansion and, more recently, its guidance for the second quarter. In recent trading, Shopping.com was down 0.3% to $13.01.
Ciporin said the company is on track to meet its goals for international expansion and said its French Web site has signed up 90% of France's top 50 merchants and 250 merchants overall in its first five weeks. The company plans to launch its German site by the end of the year and Ciporin said he expects both sites to reach at least break-even within 15 months of launch. ...
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