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The U.S. Congress is considering a bill that would let music companies and other media entities legally enter file-swapping services to block users from trading copyrighted files Claiming to be "a big fan of [peer-to-peer] networks and the technology behind them," Representative Howard Berman (D-California), along with Lamar Smith (R-Texas), Howard...
AOL Time Warner's positive earnings report this week was tempered by news that the U.S. Securities & Exchange Commission is looking into the way the company's online division has handled its accounting In what is becoming an all-too-familiar occurrence, the SEC has opened an inquiry into "how AOL booked some of its earnings," Yankee Group analyst M...
The U.S. Federal Trade Commission (FTC) said it has settled a case against a California Web site that claimed to offer an alternative cancer treatment. The commission also noted it has issued warnings to nearly 300 additional sites making "questionable" health claims. The FTC said it levied a US$4.3 million fine against BioPulse International, whi...
Somebody had to do it. One of the surviving e-commerce giants had to take the stand and be the first to start accounting for stock options as expenses, which is exactly what they are That somebody, it turns out, is Amazon. The company isn't quite breaking new ground: A half-dozen more traditional companies have already made the same move, notably C...
AOL has told the Federal Communications Commission (FCC) that it will pull back from plans to offer server-to-server interoperability between AOL Instant Messenger and other messaging services Citing technical difficulties and market dynamics, the company indicated in a letter to the FCC that it was forced to change course. AOL also pledged to prov...
In a week when the stock market dipped wildly and WorldCom filed for bankruptcy, Amazon's US$94 million net loss for the second quarter of 2002 paled in comparison The loss actually represented an improvement over the e-tailer's year-ago second quarter, in which it posted a net loss of $168 million. But it was considerably worse than the first quar...
The bursting of the high-tech bubble may already have done away with the weakest players in e-commerce, but experts say the sector's survivors still face tough times in the second half of 2002 and beyond With corporate IT budgets tight, revenue down and the stock market ailing, analysts say shakeouts and mergers remain distinct possibilities, espec...
The Federal Trade Commission (FTC) must be lacking work these days. Maybe the slowed economy and depressed market have given the FTC too few mergers to squash. How else do you explain the decision to convene a three-day powwow to engage the never-ending debate over whether states or private companies are hindering e-commerce growth? ...
Even as the major U.S. stock markets dipped to new lows, Ameritrade -- the second largest online broker -- said it squeezed out a quarterly profit of US$5.7 million. The company noted that order volume has plummeted as consumers have turned away from stock trading in large numbers, reducing revenue to $100 million from $112 million a year ago Ameri...
PayPal has reported that its second-quarter earnings and net income have increased, doubling in key areas compared to year-ago results The online payment company reported second-quarter revenue of US$53.8 million, a whopping 173 percent increase over the same period last year. Net income totaled $529,000, compared with a net loss of $27.2 million i...
Few companies in recent history, with the exception of spectacular flameouts like Enron, have inspired the kind of loathing that Microsoft has in its climb to the top The Redmond, Washington-based software giant has been the target of late-night comedians' barbs as well as anti-Microsoft Web sites....
In a move to compete with rival Oracle's new 9i database management software, IBM has released a beta version of its new DB2 database The software is IBM's latest weapon in the battle for customer share in the US$12.7 billion database market....
Expanding its service offerings as it awaits eBay's buyout, PayPal said it will begin offering users direct access to U.S. postage through an alliance with Stamps.com. The two companies said the new service, which will let users buy and print U.S. Postal Service stamps through their PayPal accounts, will be in place in time for the holiday season....
Following a second-quarter loss that reportedly was mediated by the effects of an aggressive pricing strategy, PC maker Gateway has announced it will knock another $100 off the price of its desktop and mobile computers. Specifically, Gateway said it will reduce the prices of its 300SE and 500SE desktops and Solo1450SE notebook in an effort to boos...
After suffering a series of security flaws that have shaken customer confidence, Microsoft chairman Bill Gates has taken to e-mail to reassure customers that Microsoft has heavily invested in its "Trustworthy Computing" initiative and is on track to ensure the security of its products Writing to about 1 million users who receive one of Microsoft's ...
Sifting through the stock market wreckage in search of wireless gems has not been a fruitful pursuit in recent weeks. For the most part, experts say, companies in the sector -- especially wireless service carriers -- will need to undergo drastic shifts before wireless stocks again become "must-haves" in investor portfolios Even before stocks fell i...
Further strengthening its position atop the search engine hierarchy, Google has inked aUS$100 million, three-year deal to provide listings to search engine Ask Jeeves, whereit will displace rival Overture Starting in September, Google will replace Overture as the provider of premium paidsearch results on Ask Jeeves. The deal is expected to generate...
AOL might have structured ad revenue between 2000 and 2002 to makeits long-term profit picture appear rosier than it really was, according toThe Washington Post. In an article appearing in Thursday's Post, staffwriter Alec Klein wrote that AOL was under pressure to bolster its stockprice so as not to jeopardize its takeover of Time Warner, during a periodwhen its investors were concerned about softening advertising revenue...
Spending on Web security efforts is expected to triple in the next four years, according to a new report released by research firm IDC The report predicted that security spending will increase 60.5 percent annually to nearly US$700 million by 2006, compared with $65 million in 2001....
WorldCom has agreed in U.S. district court to freeze its assets for 80 days if the banks pursuing its debt will refrain from legal proceedings for 70 days A group of 25 banks has sued the troubled telecom company, which is teetering on the verge of bankruptcy after the sagging economy and questionable accounting practices cast it adrift in a sea of...
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