iGo Corp. chief executive Ken Hawk has left the company, joining other dot-com heads across the nation who have either quit or been forced out in the face of plunging stock prices.
iGo has yet to turn a profit since going public in October 1999. Its stock peaked at $22.25 a share the following month but closed on Monday at 68 cents a share on the Nasdaq Stock Market.
Chief Financial Officer Rick Shaff was named acting chief executive officer and director Michael Edwards was named chairman.
Hawk, 37, who built a garage-based battery business into a multimillion-dollar online store, said Monday he wanted to spend more time with his family and allow someone else to take the financiall struggling company
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Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.