Etown Pulls the Plug; Workers Locked Out
Consumer electronics site <A HREF="http://www.etown.com/">Etown</A> has become the latest victim of the dot-com bust, dismissing its entire workforce of approximately 100 people in New York and San Francisco. The company had run out of money, according to chief executive Robert Heiblim. Etown, operated by Collaborative Media, Inc., has transferred its remaining assets to electronics retailer Best Buy, Inc. of Minneapolis, a major investor. The site was still active as of Sunday, February 18; whether Best Buy will simply shut it down or use it as a sales organ isn't known at present.