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Technology and the Internet

Ticker Talk

By KAREN KAPLAN
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NetZero, the free Internet service provider in Westlake Village, filed registration papers with the Securities and Exchange Commission on Wednesday to raise an estimated $115 million in an initial public offering. The company did not specify how many shares it plans to sell or an expected price. NetZero has signed up more than 1 million customers since its October launch who tolerate a 3 1/2-by-1-inch window on their desktop that displays a new advertisement every 30 seconds. Customers must also supply personal information and let the service track their Web-surfing habits. NetZero lost $5.1 million on $781,000 in revenue in the first three months of the year, according to its filing. The company completed a $33-million round of private financing in May. Goldman Sachs, Donaldson, Lufkin & Jenrette, Hambrecht & Quist and Wit Capital will underwrite the offering.

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Karen Kaplan

Karen Kaplan covers science and medical research for the Los Angeles Times. She has been a member of the science team since 2005, including 13 years as an editor. Her first decade at The Times was spent covering technology in the Business section as both a reporter and editor. She grew up in San Diego and is a graduate of MIT and Columbia University.

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