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DSCM: Melinda Gates not the only investor lately. bizjournals.com
New investor reports 10 percent stake in Drugstore.com
Monday August 15, 1:00 pm ET
A new investor in Drugstore.com Inc. has acquired about 9.4 million shares of the online pharmacy and wellness company.
San Francisco investment adviser J. Carlo Cannell, managing director of Cannell Capital LLC, owns the shares -- about 10.2 percent of the total outstanding -- through Cannell Capital and four affiliates, according to a Drugstore.com Securities and Exchange Commission filing Mond

The filing does not indicate how much Cannell paid for the shares. The investment is worth about $32.8 million at Friday's closing price of $3.49 per share.

Bellevue-based Drugstore.com (NASDAQ: DSCM - News) last month reported a second-quarter loss of $4.3 million, or 5 cents per share, which was narrower than the year-ago net loss of $5 million, or 7 cents per share. Sales in the second quarter were $96.9 million, up 10 percent from a year ago.

Published August 15, 2005 by the Puget Sound Business Journal