Preview: ISP Hurt by Hang-Ups

On Nov. 3, United Online Inc. Chief Executive Francis Lobo announced his resignation on a conference call with analysts. He said he would leave the company this month to pursue another business opportunity. The next day, Howard Marks, a tech investor and former chairman of video-game company Activision, now part of Activision Blizzard Inc. in Santa Monica, announced the formation of Concerned Stockholders of United Online, or CSU. With control of 4.8 percent of United Online shares – more than the combined shares of the board – the group wants to dump the directors in a move it feels will boost shareholder value. Lobo’s exit could open another identity crisis at a company with a long history of them. Read the full story in the Nov. 16 issue of the San Fernando Valley Business Journal.