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March was not a big month for e-commerce, according toInternet research firm Jupiter Media Metrix. For themost part, Web users put away their wallets andflocked to sites about religion and entertainment,though travel also gained ground among online users Easter and Passover observances during the month drove traffic to religion sites, according to ...
The merger of Hewlett-Packard and Compaq hit another potential snag Monday as the U.S. Securities and Exchange Commission (SEC) and federal prosecutors in New York decided to take a closer look at HP's dealings with at least two large investors whose votes were key to approval of the merger Investigators in the SEC's San Francisco office have asked...
More than 18 months after becoming a symbol of the sharp rise and spectacular fall of many pure-play e-commerce ventures, Furniture.com is poised to return from the dead. The site, which went dark during the peak of the dot-com shakeout after a pulled IPO and a bankruptcy filing, will relaunch this week under new ownership and with a new business ...
Bob Guccione isn't a happy man Forgive the publisher of Penthouse magazine for being grumpy, but he's reportedly been forced to put his Manhattan pad, said to be one of the largest private residences in the city, up for sale for $40 million. As if that isn't enough, he said that his world-class collection of (non-pornographic) art could be confisca...
Experts have a message for undecided shoppers who think a single comparison Web site will give them all the information they need to choose from among a dizzying array of options: Keep looking Because of comparison sites' various agendas -- not to mention wide variations in their ability to deliver on promises -- consumers should view such sites as...
This week, the U.S. Postal Service made it official:The cost of a first-class stamp will increase from 34U.S. cents to 37 cents on June 30th. The rate hike undoubtedly will make e-mail an evenmore prevalent method of communication, but according toGartnerG2 analyst Kenneth Kerr, it also will boost the popularity of online billing....
Just two days after shaking up top-level management, AOL Time Warner on Thursday named a former radio executive to head up its interactive services unit, which includes flagship America Online. James de Castro, who brings experience in the radio industry and the online world, was named president of AOL Interactive Services and will report to chief...
Good news is hard to come by lately in Silicon Valley. It's out there. It's just a lot harder to find. And sometimes it requires an extra spin to make it clear that it is, in fact, good news. But if nothing else, the Valley has less traffic than it did a year ago. That's right: Officials in Santa Clara county commissioned a study and found that tr...
I shudder to think of a world without Yahoo. But thecompany's recent spate of new revenue tacticsreeks of desperation As I pen my last column for this publication, I findmyself entertaining the previously unthinkable notionthat the grandfather of the Internet is mortal andcould pass away....
Much to the consternation of the technology sector,tech spending has yet to turn the corner. But a new report from market analysis firm Aberdeen Group predicts worldwide tech spending will reach US$1.43 trillion by 2005, up from $1.21 billion in 2001 According to Aberdeen senior vice president HughBishop, total IT purchases -- including hardware,s...
E*Trade said Wednesday that it will pay US$100 million in stock for privately held Tradescape. The move will nearly double the number of daily stock trades on E*Trade's network, making it the industry leader in that category. The deal contains incentives that could bring its total value to $280 million if Tradescape hits "aggressive" performance t...
Yahoo! reported a net loss of US$53.6 million in its first quarter, slightly beating analysts' expectations, and earned higher-than-expected revenue of $192.7 million "I would characterize this quarter as one thatdemonstrates strong performance and outstanding growthin a time of economic turbulence," Yahoo!chairman and CEO Terry Semel said in a con...
In the realm of e-commerce, credit cards rule. But the distant relationship between buyer and merchant, combined with the anonymity enjoyed by potential wrongdoers, makes the processing job tougher than it would be for a brick-and-mortar purchase That is why most e-commerce sites scrutinize customers when they buy something or conduct any business ...
More than 40 percent of all reported Internet fraud complaints stemmed from online auctions in 2001, the U.S. Federal Bureau of Investigation (FBI) said in a report covering complaints received during the year. The FBI said 43 percent of the 49,711 complaints filed with the Internet Fraud Complaint Center, a partnership between the FBI and the Nat...
When IBM warns, the tech sector listens. The technology giant on Monday said it expectsfirst-quarter revenue and profit will fall short ofanalysts' estimates. The announcement was Big Blue's first earnings warning in more than a decade The warning sent IBM's stock down 10.1 percent to$87.41 and dragged some other tech stocks down withit. In early t...
Microsoft and Oracle find themselves butting heads in a number ofhigh-tech arenas, but the software giants have both managed to carve outa sizable presence in the e-commerce sector The companies have so far taken different, but profitable routes to providinge-commerce products and services to clients, with Microsoft focusing in recentyears on growi...
In one of the biggest e-commerce mergers of the year, online stock-trading site Ameritrade (Nasdaq: AMTD) said it would acquire privately held competitor Datek Online Holdings for nearly US$1.3 billion in stock. The merger catapults Ameritrade to the top of the online brokerage marketplace in terms of trading volume.
Online auctioneer eBay (Nasdaq: EBAY) suffered a series of Web site outages on Sunday, including a glitch in the clothing and jewelry categories lasting more than nine hours Site visitors could not view or bid on items in theclothing and accessories category and the jewelry,gems and watches category between 10:55 a.m. and 8:07 p.m. PDT....
In the world of e-commerce security companies, experts find it impossible to agree on which provider is king. But they agree emphatically that nobody does it all That is because "all" has become increasingly hard to define as Internet use has increased in recent years. With new threats constantly cropping up -- ranging from hacking threats to new v...
Ticketmaster (Nasdaq: TMCS) is planning to launch two new features that willlet users resell unused tickets and bid for ticketsonline, rather than waiting in line at retail outlets,according to published reports One feature, called "TicketmasterMarketplace," will serve as an online venue for season ticket holders to sell unused tickets.
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