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New Economy - The End or Just the Beginning?

Pick up virtually any major media publication covering the dot-com shakeoutof the past year and you are likely to come across a slight variation on thefollowing theme: "the New Economy was a bust." The theory goes something like this: the Nasdaq has bottomed out, the NewEconomy business models adopted by the dot-coms did not work, and investment ca...

eBay Sued for Bogus Rolex Auctions

Two European subsidiaries of eBay were sued by watchmaker Rolex over alleged auctions of counterfeit Rolex watches, according to a filing with the U.S. Securities and Exchange Commission (SEC) made Tuesday by the Internet auctioneer The suit, which was filed April 25th in the regional court of Cologne, Germany against eBay GMBH and eBay Internation...

Study: Customer Service Lapses Hurt B2B

Poor customer service in the business-to-business (B2B) e-commerce sector threatens to undermine trust in the fast-growing industry, according to a study released Wednesday by Jupiter Media Metrix (Nasdaq: JMXI). Much like their consumer counterparts, B2B customers expect rapid response to their e-mail inquiries but few get it, the study found.

Tell Uncle Sam to Leave E-Biz Alone

The overriding message is certainly true. Leading members of Congress are telling President George W. Bush that truly global e-commerce is necessary for a strong U.S. economy. No arguments there. But the next step is one that should be taken with great care: Bush is being urged to jump into the fray and help pave the way for worldwide e-commerce g...

Network Appliance Falls After Q4 Profit Plummets

Network Appliance (Nasdaq: NTAP) dipped US$1.33 to $21.20 in morning trading Wednesday, after the company reported that fiscal fourth-quarter profit plummeted 98 percent Network Appliance said economic weakness has continued to spread to corporate investment in the computer data-storage storage market.However, the Sunnyvale, California-based compan...

Bertelsmann To Revamp E-tail Site - Is Amazon Watching?

Media conglomerate DirectGroup Bertelsmann announced Tuesday that it is integrating its online bookstore, BOL.com, into its multichannel book club division and closing some of BOL.com's international operations According to published reports, Bertelsmann club division chief Klaus Eierhoff predicted that the newly enhanced division would be able to ...

Microsoft To Sign EU Privacy Accord

Microsoft announced Tuesday that it will sign the "Safe Harbor" privacy protection agreement between the United States and the European Union. Signing the agreement will allow Microsoft to transfer personal information between its European and U.S. operations with less risk of privacy claims being filed against the company.

Report: Online Spending Spikes 22 Percent in April

Consumers spent US$4.3 billion online in April -- a 22.1 percent spike from the $3.5 billion racked up in Internet sales in March -- accordingto data released Tuesday by ForresterResearch and Greenfield Online The research firms found that last month's e-tail spendingoutpaced the $3.3 billion spent by Web shoppers in April 2000 by approximately 30 ...

Study: Internet Flower Sites Fail Mother's Day Test

It was a disappointing Mother's Day for those who went online to send flowers, according to data released Tuesday by Nielsen//NetRatings and Keynote Systems The Internet performance firms reported that 25 percent of Mother's Day orders placed at three popular flower sites -- 1-800Flowers.com, Flowersdirect.com and Proflowers.com -- were not deliver...

MVP.com Back in Play

Three months after being called out of the game, sports e-tail site MVP.com began a comeback bid with its relaunch Tuesday by CBS SportsLine.com (Nasdaq: SPLN). SportsLine said it plans to tightly integrate the MVP.com store into its content-based sports site, with links to items for sale displayed alongside related news and feature stories.

Global E-Commerce Standard Proposed

Use of the XML mark-up language as a global standard for e-commerce transactions took an important step forward Monday when the U.N. Center for Trade Facilitation (UN/CEFACT) and OASIS, a consortium of high tech giants including IBM, Sun Microsystems and Hewlett-Packard, approved a standardized ebXML (electronic business) framework. "The whole poi...

The New Wireless Cheerleaders? E-tailers

For those who have faithfully followed the e-commerce and high-tech headlines, one of last year's hot topics was the emergence of wireless services As far back as a year ago, I wrote a story asking the question on everybody's mind: What's taking wireless so long?...

Internet Usage Report Reveals Shifting Demographics

The two fastest growing online age groups during the past year are 18 to 24-year-olds and people over 55, according to a report released Monday by Jupiter Media Metrix. The New York City-based research firm said that between April 2000 and April 2001, the number of Netizens age 55 and over grew by 33 percent, while the number of 18 to 24-year-olds...

AOL Gains on Sony PlayStation Pact

AOL Time Warner (NYSE: AOL) picked up 17 U.S. cents to $51.77 in morning trading Tuesday, following news of a deal toprovide America Online services over Sony PlayStation 2 entertainmentconsoles AOL said it will work with Sony (NYSE: SNE) to develop "a new class of Internet-enabledentertainment," incorporating popular AOL features like instant mess...

Motient Rises on Rare Medium Purchase

Motient (Nasdaq: MTNT) gained 38 U.S. cents to $1.80 in morning trading Tuesday, following news that it plans to buy Internet consulting and services company Rare Medium (Nasdaq: RRRR) Motient said it will finance the deal using a combination of its own newly issued shares, shares of affiliate XM Satellite Radio (Nasdaq: XMSR) and cash.

Can Spam Ever Be Stopped?

Few things are more annoying than opening your inbox and finding dozens of solicitations for credit cards, weight loss products and other goods and services. Unfortunately, no national law exists outlawing or regulating spam. Instead, spam is regulated by "a patchwork of state laws of varying degrees of effectiveness," according to Allen Hile, ass...

Palm, Handspring Fall as Analyst Cuts Targets

Handheld computer makers Palm (Nasdaq:PALM) and Handspring (Nasdaq: HAND) fell in morning trading Monday following reports that Lehman Brothers slashed itsprice targets for the stocks At midmorning, Palm was down 61 U.S. cents at $7.12, while Handspring wasdown 69 cents at $10.26....

Report: Internet Sports and Gambling Biz Faces Squeeze in UK

Although many sports Web sites in the United Kingdom are adding gambling services in an effort to boost income levels, the country'ssaturated online sports marketplace will face a squeeze in the coming years with a number of companies falling out of the game, according to a reportreleased Monday by ForresterResearch "Those sites developing in-house...

FreeMarkets Edges Higher on Renewed Contract

FreeMarkets (Nasdaq: FMKT) pickedup 22 U.S. cents to $11.36 in morning trading Monday following news thatdrugmaker Schering-Plough (NYSE: SGP) has signed on to continue using the company's online marketplace to buy and sell goods and services FreeMarkets said Schering-Plough executed a new two-year agreement touse FreeMarkets' B2B Global Marketplac...

Digital Island Sold to Cable & Wireless for $340M

British telecommunications company Cable & Wireless Plc (C&W) (LSE:CW) announced Monday that it has agreed to acquire Internet content delivery and networking provider Digital Island (Nasdaq: ISLD) for US$340 million in cash C&W said that when the acquisition is complete, the combined company would be able to support more than $1 billion in transac...

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