CNET también está disponible en español.

Ir a español

Don't show this again

Tech Industry

Internet America names new CEO

    Internet America announced after the bell Tuesday that Jack Smith will become the Internet service provider's new chief executive officer.

    Smith, who previously served as a member of the firm's board of directors, replaces Mike Maples who will remain with the company as a consultant.

    Internet America (Nasdaq: GEEK) shares inched up 3/16 to 4 ahead of the announcement.

    "Jack brings a wealth of management experience to the challenge of leading Internet America during a dramatic strategic shift from consumer dial- up services to providing integrated broadband services," said Chairman William Hunt in a prepared release.

    Last quarter, Internet America met analysts' estimates when it posted a loss of $4 million, or 41 cents a share, on sales of $8.2 million.

    First Call Corp. consensus expects it to lose 41 cents a share in the first quarter and $1.59 a share in the fiscal year.

    Its shares peaked at 27 in December before falling to a low of 2 15/16 in August.

    Both analysts following the stock rate it a "buy."