computer software consumer electronics consumer final goods founded 2001 2001 founders fred chang headquarters city of industry california u.s. key people fred chang global ceo products computer hardware software peripherals gaming electronics accessories dvds housewares appliances tools furniture office products and more revenue us 2.7 billion 2013 1 2 net income us 24.9 million 2009 3 number of employees 2 600 2013 2 website newegg.com newegg inc. formerly newegg.com inc. stylized as newegg is an online retailer of computer hardware and software . it is based in city of industry california united states . contents 1 history 1.1 name 1.2 initial public offering ipo 1.3 counterfeit intel processors 1.4 litigation 1.4.1 patent troll cases 2 locations 2.1 online storefronts 2.2 warehouses 3 awards 4 references 5 external links history edit newegg booth at a lan party event . the company was founded by fred chang a u.s. immigrant from taiwan in 2001 . 4 chang was newegg s chairman and ceo until august 1 2008 when it was announced he would step down as ceo and chairman while remaining a member of the board of directors and executive committee . 5 6 he was succeeded by tally liu . 7 chang also retained his position as president of newegg s chinese operations . 5 6 8 in 2010 upon the departure of liu chang took up his old role as ceo of the company . 7 in 2005 newegg.com was named one of the internet s top 10 retailers by internet retailer magazine with 2004 sales revenue of just under 1 billion . newegg.com grew an additional 30 % in 2005 bringing annual sales to approximately 1.3 billion . newegg launched neweggmall.com in july 2008 newegg.ca in october 2008 and neweggbusiness.com in august 2009 . in 2009 it was listed as 234 on the forbes america s largest private companies list . 2 it launched newegg marketplace in 2010 and exceeded 2.5 billion in revenue that year . the company has about 2 500 employees . newegg also sponsors technology industry events and pc gaming tournaments for titles including counter strike warcraft iii and rome total war . newegg had a monthly case mod contest in 2005 where contestants submitted pictures descriptions and directions describing how to mod their computers into esoteric appearances and functionalities . name edit traditionally the egg is a symbol of birth and unlimited potential . the founders selected newegg as the company name to signify new hope for e commerce during a period when e commerce businesses were struggling to survive . 9 the company has no relation to the egghead software chain that was active from 1984 2001 . 10 initial public offering ipo edit on september 28 2009 newegg inc filed for an ipo initial public offering with the u.s. securities and exchange commission . the filing also stated that newegg has been profitable every year since 2001 and generated sales of 2.1 billion in 2008 . the company s largest outside shareholder is new york based venture capital firm insight venture partners . the ipo was being managed by jp morgan bank of america merrill lynch and citi . 11 in 2011 the company withdrew its registration for filing for an ipo saying it would continue to explore alternative options for funding . 12 counterfeit intel processors edit in march 2010 newegg sold 300 counterfeit intel core i7 920 cpus . 13 the problem was first exposed by a member of the website hardocp who posted on the site s forum about receiving the fake cpu . 14 newegg at first released a statement saying that the processors were demo units but later said that they discovered that the processors were actually counterfeit and that the company was terminating its relationship with one supplier in response . 15 the company offered replacement units to the customers who received counterfeit processors while intel stated that they had been made aware of the problem and were investigating as well . 16 litigation edit on february 10 2010 newegg was sued by three former employees accusing it of numerous labor and business abuses such as violating a slew of labor laws overworking and abusing immigrant workers and ordering employees to hack into competitors computer systems . 17 in an official statement denying the claims in the lawsuit the company stated newegg is aware of the allegations made by two former employees and a former consultant . newegg has always taken pride in the fairness of our labor and hiring practices and to ethical business practices toward our competitors vendors and most of all our valued customers . we have always been fully committed to compliance with all applicable laws and regulations . accordingly we strongly deny the assertions made by the individuals filing this lawsuit and intend to defend ourselves vigorously and thoroughly against claims that have neither merit nor basis in fact . 18 patent troll cases edit newegg has become known as a company that fights patent trolls . 19 20 in january 2013 newegg won a victory over soverain software when the court of appeals for the federal circuit overturned the district court ruling in favour of soverain and invalidated a shopping cart patent by citing prior art from 1984 compuserve s electronic mall . 21 22 on january 13th 2014 the supreme court refused soverain software s petition for writ of certiorari to rehear a january 2013 decision of the court of appeals effectively ending soverain s case . 23 in november 2013 newegg lost a case in texas against patent troll tqp development over newegg using the https protocol mixing ssl and rc4 . whitfield diffie and ron rivest the inventors of public key cryptography and rc4 encryption respectively testified for newegg . on july 6 2015 after 20 months of waiting newegg filed an extraordinary petition urging us district judge rodney gilstrap to issue judgement so that they would be able to file an appeal . 24 on july 15th 2015 us district judge rodney gilstrap ruled that newegg doesn t infringe a patent belonging to tqp development . 25 locations edit online storefronts edit newegg.com principal site for customers in the united states newegg.ca for customers in canada . newegg.cn for customers in china newegg.com.tw for customers in taiwan neweggbusiness.com for smbs corporations resellers government institutions federal state local and non profit organizations . for united states customers . 26 neweggflash.com newegg s deal of the day website for customers in the united states chiefvalue.com sister website of newegg.com which offers mainly computer products no longer operating abs.com newegg s it systems integrator brand rosewill.com newegg s computer peripheral brand nutrend.com newegg s automotive product brand gamecrate video game reviews news and trailers . launched by newegg in march 2014 . warehouses edit united states industry california indianapolis indiana edison new jersey memphis tennessee canada richmond hill ontario richmond british columbia china shanghai china changning district xuhui district luwan district hongkou district putuo district baoshan district minhang district pudong district awards edit newegg has been the recipient of various awards including computer shopper shoppers choice awards 2011 2008 27 2007 28 2006 2005 2004 2003 forbes.com best of the web 29 rankings ranking details who when ranked 12th largest consumer electronic dealer top 100 twice stevenson company 30 2010 top 100 fastest growing private company in los angeles los angeles business journal 2006 2007 number 1 in response time and consistency number 4 in availability gomez.com business process benchmark october 31 2007 tied for 6th place in top 100 online retail satisfaction index internet retailer 2007 rankings ranks in top u.s. online retailer overall 10 computer electronics 5 internet only 2 internet retailer 2007 rankings ranked 18th largest consumer electronic dealer top 100 twice stevenson company 30 2007 ranked 11 by gross dollar growth and 17 by revenue growth in inc. 5000 privately held growth companies inc. magazine 2007 ranked 234 in forbes largest private companies in america 2 forbes 10 28 2009 ranked in top 10 largest internet retailers internet retailer 31 8 6 2007 inc. magazine s list of america s 500 fastest growing private companies inc. magazine 9 20 2006 ranked 10 on internet retailer s top 500 internet retailer 7 1 2006 top 100 ce retailers top 100 twice stevenson company 30 5 8 2006 ranked 2 among l.a. s largest minority owned businesses los angeles business journal 3 27 2006 ranks in top 10 among l.a. s fastest growing private companies los angeles business journal 11 14 2005 ranks in top 20 among l.a. s largest private companies los angeles business journal 10 24 2005 ranked 9 on internet retailer s top 400 internet retailer 8 1 2005 references edit fact sheet a b c d forbes 178 newegg.com sec filing quinn michelle 2007 12 29 . branching out from techie heaven . la times . retrieved 2008 11 21 . a b newegg announces major change in executive leadership market wire find articles at bnet . findarticles.com . 2008 08 01 . retrieved 2010 04 30 . a b fred chang founder and chairman of the board newegg inc. city of industry ca . spoke . retrieved 2010 04 30 . a b wauters robin 16 august 2010 . its ipo still nowhere in sight newegg ceo tally liu is out . techcrunch . retrieved 23 august 2015 . hesseldahl arik 2005 11 18 . where the tech buffs shop . businessweek . retrieved 2006 12 22 . newegg.com . retrieved 2009 12 15 . resellers add newegg.com to the menu . crn magazine . retrieved 2013 10 24 . wahba phil 2009 09 28 . update 1 venture owned e commerce co newegg files for ipo . reuters . brohan mark 2011 06 01 . newegg formally withdraws its ipo . internet retailer . murph darren march 7 2010 . newegg sells 300 counterfeit core i7 920 cpus kirfers pump their fists . engadget . retrieved january 23 2014 . intel newegg investigate sale of fake chips . crn magazine . march 8 2010 . retrieved january 23 2014 . newegg axes supplier over fake intel chips . informationweek . march 9 2010 . retrieved january 23 2014 . crothers brooke march 8 2010 . newegg probes shipments of fake intel chips . cnet . retrieved january 23 2014 . raft of labor abuses alleged at newegg newegg press release on lawsuit newegg nukes corporate troll alcatel in third patent appeal win this year ; arstechnica ; may 16 2013 . court rulings show abusive patent litigators can be beaten but is it worth the cost ; forbes ; september 11 2013 . how newegg crushed the shopping cart patent and saved online retail ; arstechnica ; january 27 2013 . shopping cart patent troll tries to save itself gets pounded by newegg ; artstechnica ; september 6 2013 . http www.chicagotribune.com business sns rt us scotus newegg soverain 20140113 0 4266893 . story after 20 month delay a furious newegg still can t appeal 2.3 m patent loss ; ars technica ; july 6 2015 . 2 11 cv 00248 jrg document 461 ; docket alarm ; july 15 2015 . how do i create a neweggbusiness account . retrieved 2010 11 28 . 22nd annual shoppers choice awards . computer shopper us magazine . retrieved 2008 12 06 . 21st annual shoppers choice awards . computer shopper us magazine . retrieved 2008 12 06 . forbes.com best of the web . forbes.com . retrieved 2008 12 06 . a b c top 100 methodology how we crunched the numbers . twice . newegg among top 10 largest internet retailers . external links edit official website retrieved from https en.wikipedia.org w index.php title newegg & oldid 744025837 categories online retailers of the united statescompanies based in industry californiaretail companies established in 2001deal of the day servicesconsumer electronics retailers in the united stateshidden categories official website different in wikidata and wikipedia