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Competition in the online travel industry is fueling a trend toward fixed-price options designed to give consumers more control over airfares In an effort to recapture ground lost to such competitors as Hotwire and Orbitz, reverse auction company Priceline has become the latest travel service vendor to climb aboard the fixed-price marketing train.
Seeking to repair an embarrassing discrepancy between the pay of its top executive and the company's staggering financial losses, E*Trade said Friday that it has rewritten the contract of CEO Christos M. Cotsakos. Under the terms of the new contract, Cotsakos will repay about US$21 million worth of compensation he received during 2001, including $...
In what would be its largest reduction in nearly a decade, IBM reportedly will soon lay off as many as 8,000 workers "People internally had been expecting this," Harry Tse, vice president of research at the Yankee Group, told the E-Commerce Times....
Numerous products and services are now available to shield consumers and businesses from the ever-increasing barrage of spam. But experts warn that no service can possibly keep out all the junk and say that if users are not careful, they could end up blocking some mail that they actually might want "What's spam to you could be useful company inform...
A federal judge on Wednesday denied a Russian software vendor's motion to dismiss criminal charges that allege the company sells a product designed to break anti-copying technology. Such a practice would represent a violation of the Digital Millennium Copyright Act (DMCA) Attorneys for ElcomSoft had argued that the law is vague and undermines legit...
Jupiter Media Metrix and Nielsen//NetRatings have settled a long-pending patent lawsuit in a deal that calls for NetRatings to provide struggling Jupiter with a much-needed capital infusion. According to the settlement's terms, NetRatings will pay Jupiter US$15 million in cash to acquire two of Jupiter's technology patents for Internet audience me...
Flowers and popcorn. This is what it's come down to for e-commerce. The cheerleaders are waving their pom-poms for a company that sells flowers And now popcorn. 1-800-Flowers.com plunked down about US$12 million to buy The Popcorn Factory, which, as the name implies, sells tins of popcorn and candy and the like....
The high-tech industry breathed a collective sigh of relief Tuesday as Cisco reported that its third-quarter operating profit more than tripled to $838 million from the year-ago period. The company also booked a net profit of $729 million, compared with last year's net loss "From an operational perspective, this quarter was a home run," Cisco CEO J...
EBay has announced plans to work with consulting firm Accenture to link retailers and manufacturers that want to sell excess merchandise directly to eBay's 46 million customers around the world. The program, known as "Connection to eBay," targets what the two companies said is US$80 billion worth of excess or unwanted inventory produced each year ...
E-commerce is garnering converts at an increasing pace, even though it is not grabbing the headlines it once did Analysts say this quiet explosion is making its mark in back-office streamlining of systems, in business-to-business (B2B) dealings between companies, and in efforts to assist customers by providing self-service Web channels. It is also ...
EBay may have an imperfect business model, as Yankee Group analyst Rob Lancaster told the E-Commerce Times, but users clearly are buying into that model, and the auction giant eventually could overshadow other e-tailers as it extends its reach into other areas of e-commerce Andrew Bartels, an analyst with Giga Information Group, told the E-Commerce...
Here's a news story you will not be reading anytime soon: Executive X announced he was resigning his position at Technology Co. Y because the firm couldn't afford to pay him enough to stay. "It just wasn't worth it anymore," X said. "Laying off people is no fun, and this Enron thing has everyone worried we'll go bankrupt if our accountants don't us...
The vast majority of online job seekers visit just one of the top career sites on a regular basis, according to a new report from Jupiter Media Metrix. That finding may escalate an ongoing war between the two largest Web career companies. Jupiter said 76 percent of job seekers are loyal to a single career site, while another 15 percent use just tw...
Although e-commerce can breathe a bit easier now that a long-standing moratorium on blanket online taxes has been extended, most observers say there will be little more than a brief pause before the battle is joined again "It's inevitable," Forrester Research analyst Christopher Kelley told the E-Commerce Times. "Now it's just a matter of 'the devi...
As wireless providers search for the right mix of services to spawn a boom in mobilecommerce, experts say they also must develop a data pricing strategy that clicks withcustomers According to Yankee Group researchdirector Adam Zawel, the practice of charging based on bytes or kilobytes of datatransmitted to a mobile device baffles many users....
New legislation aimed at improving competition in the broadband industry has revived an old debate between U.S. lawmakers and telecommunications officials The "Broadband Regulatory Parity Act of 2002," introduced Tuesday by Sens. John Breaux (D-Louisiana) and Don Nickles (R-Oklahoma), was designed to spur deployment of high-speed Internet services ...
The nine states suing Microsoft for antitrust violations have accused the Redmond, Washington-based software maker of plotting to monopolize the media player market and edge out market leader RealNetworks. But a Microsoft executive who took the witness stand during the antitrust trial denied the claims Will Poole, a Microsoft vice president who ove...
America Online has dumped Overture's pay-for-placement search service in favor of Google's similar AdWords offering, depriving Overture of one of its biggest customers and sending the company's shares plummeting nearly 36 percent Despite being downgraded by Merrill Lynch from strong buy to buy, Overture said it expects to follow its strong first qu...
Name-your-price travel company Pricelineturned a small profit in the first quarter as hotel and car rental deals helped offset continued weakness in airline ticket sales. The company said hotel room sales grew 110 percent over year-ago figures to 909,000, while car rental reservations were up 22 percent to 738,000.
When some shoppers walk into a retail store, their first act is to make a beeline for an employee to ask for help. This tactic makes sense: Retail employees can suggest a good book, help customers find a particular recording of Beethoven's Fifth, and even provide (hopefully)honest feedback on whether a pair of pants looks good.
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