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The U.S. Securities and Exchange Commission (SEC) has filed a civil fraud suit against WorldCom over the company's US$4 billion misstatement of financial results during 2001 and the first quarter of 2002 After the SEC initially issued a statement saying that the commission is "actively investigating" WorldCom's financial statements, SEC Chairman Ha...
In an analysis released Thursday criticizing the U.S. Federal Communications Commission, market research company Gartner Dataquest said a "radicalreform" of telecom policy is needed if the rollout of high-speedInternet services, or broadband, is ever to break out of the slow lane "The insistence of some regulators, such as the U.S. FederalCommunica...
Every day, eBay looks more and more like the strongest swimmer in the dot-com pool Nowhere was that more evident than at its recent three-day smile-fest in Anaheim, California, where thousands of eBay devotees came to hear Meg Whitman and others detail the company's plans for world domination....
Following WorldCom's disclosure of what appears to have been the largest financial misstatement in history -- nearly US$4 billion -- the company on Tuesday fired chief financial officer Scott Sullivan and announced its intention to redo its financial statements for the past five quarters During an internal audit of the company's capital-expenditure...
Priceline.com said it would not meet its own sales targets for the current quarter, pointing at the failure of an expected seasonal increase in airline ticket sales to materialize The name-your-price e-tailer said that second-quarter revenues would be about 5 percent below the company's previously stated range of US$320 million to $350 million....
Yahoo! on Tuesday announced a multiyear deal with USWineAuction to bring the wine seller's entire inventory of collectible bottles to Yahoo's auction site Under the terms of the deal, USWineAuction will be the sole seller of wine on Yahoo's U.S. auction platform, and Yahoo! will distribute and promote the company's wines across its shopping network...
Now, isn't this more like it? A real price war has broken out, albeit a limited one, with superpower Amazon and the more guerilla-style Buy.com squaring off over free shipping Both deals are good news for consumers. At Amazon, you have to buy half as much now -- only US$49 -- as the company used to require to get free shipping. At Buy.com, there's ...
In the largest product rollout in Hewlett-Packard's history, the company announced it will launch more than 50 new imaging and printing products between now and early 2003 HP spent three years and more than US$1 billion revamping products in its printing business, which accounts for $20 billion in annual revenue.
A limited price war has broken out in the online bookselling arena as Buy.com, Amazon.comand BN.com vie for customers, offering steep discountsreminiscent of the earliest days of online commerce Buy.com has fired the latest volley,saying it will sell 1 million book titles at 10 percent below Amazon's prices....
In an effort to replicate the Virgin Megastore experience online, Virgin Entertainment has handed control of the company's e-commerce efforts to Amazon.com Amazon will handle inventory, customer service, site content and fulfillment for VirginMega.com. Despite the handoff, Virgin Group founder and CEO Richard Branson said, Virgin "will continue to ...
Interactive TV never exploded onto the scene in the way its promoters hoped it would, and the features it once promised -- ranging from movie selection to Web-based shopping and games -- have been co-opted by other technologies For example, Aberdeen Group chief research officer Peter Kastner told the E-Commerce Times that consumers' time and dollar...
One in five users in the United States accesses the Internet with a cable modem, DSL (digital subscriber line) connection or other broadband device, up nearly 25 percent from the beginning of this year, according to a newly released study of Internet usage habits The study, conducted by the Pew Internet and American Life Project, also found that br...
Underscoring the notion that selling on eBay has become a full-time job for many millions of users, eBay has announced it willoffer a health insurance plan to some of the more active members of its community. The news came over the weekend at eBay Live, a three-day gathering of eBay employees and community members in Anaheim, California.
Northwest Airlines has discontinued its relationship with online travel auctioneer Priceline Northwest Airlines spokesperson Mary Beth Schubert confirmed that the company has discontinued providing Priceline Net fares, but declined to comment on details of the decision.
Enterprise cannot swing an optical mouse these days without hitting a Microsoft product. But despite the software giant's aggressive posturing, enterprise is hardly at its mercy when developing a blueprint for e-commerce In fact, it is easy to avoid Microsoft altogether, Andrew Bartels, an analyst with Giga Information Group, told the E-Commerce Ti...
Companies that successfully create a sense of online community not only give like-minded people a place to call home, they also reap revenue. They achieve this goal by offering compelling content that builds trust and credibility with visitors and keeps them coming back The most profitable example is online auction site eBay, which consistently ran...
PayPal has announced it will shift its credit card processing to Wells Fargo, making the financial giant the third company in the past year to handle PayPal's credit card transactions. The move may help PayPal strengthen its ties to credit card companies, which have been somewhat rocky in the past. In fact, PayPal said recently that it risked losi...
Ask online marketing experts whether it is possible to build a brand strictly by using the Web; most of them will say it is. And almost all of them will move quickly to qualify their answer "I think it is possible, but I'm not sure it's the most effective way to build a brand," David Rosenblatt, president of online marketing firm DoubleClick, told ...
The search is over. The ultimate symbol for the meteoric rise, painful fall and slow, strange resurrection of the dot-com empire has been found. Starting next month, the one-time Pets.com sock puppet will begin appearing in television commercials for a company that finds car loans for people with less-than-stellar credit histories.
Intel has announced, unsurprisingly, that it is withdrawing from the Web hosting business. The chipmaker said it will shut down the business unit and take a US$100 million charge in its second fiscal quarter....
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