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Trends are often difficult to get a handle on, especially those that gauge consumersentiment. The best you can hope for is a snapshot of a moment in time, and people havea tendency to change their minds without notice But I put a lot of stock in survey-driven news that the level of interest among consumersin shopping via cell phone has plummeted....
Cisco Systems has taken another step toward moving intelligent services from the center to the edge of mid-size networks by beefing up security features of its Cisco Catalyst switching portfolio Switches are devices in networks that filter and forward packets of data between local area network (LAN) segments....
The U.S. Securities and Exchange Commission said it has reached a settlement with Amazon.com on charges that the e-tail giant helped onetime partner Ashford.com dress up its financial results in 2000. The action resulted in a cease-and-desist order, requiring that Amazon refrain from similar tactics in the future, but no additional action was take...
EarthLink announced Monday that it will buy low-cost computer vendor PeoplePC for about US$10 million, but the giant Internet service provider (ISP) left open the possibility that the deal could swell to $14.3 million EarthLink is targeting "the value segment of the ISP market," company CEO Garry Betty said in a statement.
In an apparent bid to boost sales in some of its less popular departments, e-tail giant Amazon.com is rolling out a promotion that will give shoppers just one hour to buy specially discounted merchandise Each shopper will receive five "Gold Box" offers daily, but none of the discounts will apply to Amazon's core offerings of books, music and movies...
Novell has announced plans to acquire SilverStream Software in a US$212 million cash deal designed to strengthen the networking software maker's position in the nascent Web services market Under terms of the deal, which is expected to close in July, Novell will pay $9 per SilverStream share. The acquisition has been approved unanimously by the boar...
For all the talk about the World Wide Web, e-commerce is not so worldly after all. The Web may disregard international boundaries, but shoppers still must abide by the laws of their home country -- and then some Recent controversy over the release of the first Harry Potter DVD underscores the problems and limitations of conducting transactions over...
Hewlett-Packard delivered conflicting reports this week about the future of its e-business software unit On Tuesday, HP executives reportedly told analysts that heavy losses in the company's e-business group had convinced it to retire its middleware software, including its Bluestone Software application server....
Jupiter Media Metrix, which rode the dot-com wave to dizzying heights only to crash hard when the shakeout hit, has sold its core Web audience measurement services to comScore Networks for US$1.5 million. Media Metrix bought Jupiter at the height of the Internet bubble in mid-2000 in a stock deal worth more than $350 million at the time.
Intel wounded Wall Street's hopes for recovery Thursday by lowering its forecast after market close. The company said its second-quarter revenue should total US$6.5 billion, rather than the $6.4 billion to $7 billion projected earlier this spring News of the altered guidance sent Intel stock down 10 percent to $24.18. Shares had dropped 4.2 percent...
Mere days after announcing a US$4.5 billion buyout effort, USA Interactive is backing away from the deal, citing sour market reaction to the strategy The company intended to acquire all the outstanding shares of its subsidiaries Expedia, Hotels.com and Ticketmaster. But investors expressed wariness, sending shares down after the plan was unveiled....
Community spirit does not exist only in the real world. EBay has it by the truckload. Amazon has some, too. And analysts and industry leaders say it is no accident that the companies with Web sites that make people feel like they belong have been among the most financially successful. "Making a connection is a basic human need, no different than f...
EBay expects to rake in nearly US$1 billion in revenue during 2002, CEO Meg Whitman said at the auction giant's shareholder meeting. Whitman added that operating earnings will total between 73 and 75 cents per share....
Priceline.com has bought the domain name and trademark assets of onetime competitor Lowestfare.com, which stopped selling airline tickets a month ago. Terms of the deal were not disclosed, making its value difficult to judge, Morningstar.com analyst David Kathman told the E-Commerce Times....
Consumer protection advocate Ralph Nader told the U.S. government Tuesday to consider curbing its technology spending with Microsoft in order to better control the software giant's "monopoly abuses." In a letter to the Office of Management and Budget (OMB), Nader and James Love, director of the Consumer Project on Technology, outlined their concern...
EBay on Wednesday launched a new wireless service that will let avid auction users bid in real-time. The online auctioneer's 46 million users now can receive alerts on cell phones and other wireless devices with "Wireless Rebidding for eBay," a service offered by startup communications software provider InPhonic....
Underscoring the fragility of the economic recovery in the tech sector, Internet companies slashed 2,078 jobs in May, three times as many as in April, according to a report from outplacement firm Challenger, Gray & Christmas. The May job cut total was the highest since December 2001, when 2,403 workers lost Web-related jobs.
When AOL bought Time Warner at the start of 2001, the merged company's future looked bright. The air was still fresh inside the Internet bubble, the deal created a company worth a whopping US$160 billion, and AOL chairman Steve Case boasted that the dynamic duo would build an unrivaled news and entertainment empire. But as history has proven time ...
As expected, Hewlett-Packard CEO Carly Fiorina has announced that the tech giant will cut 15,000 jobs in the near future. About two-thirds of the layoffs will take place by November 1st, with the remainder coming in 2003 Fiorina made the announcement at the newly merged company's first analysts' meeting in Boston, where Fiorina spoke about HP's fut...
IBM on Tuesday launched a new fleet of computer systems designed to meet the price and performance needs of the small business and education markets Big Blue's Personal Computing division introduced several new ThinkPad notebook and NetVista desktop models, featuring Intel Pentium 4 processors and IBM e-business solutions, such as wireless networki...
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