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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...
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...
Will Americans ever feel comfortable enough with electronic commerce to buy a house via the Internet? The answer depends on whom you ask, but some industry observers say that unless we start incorporating major transactions into our Internet mix, e-commerce will remain an infant.
MP3.com announced Thursday that it is offering a new service, called netCDs, that will allow customers to buy digital music CDsstored exclusively online for access or download from a Web-enabled device The Net-only CDs will be housed online in personalized My.MP3 music lockers. The music collections can also be loaded onto portable MP3 players....
E-commerce revenues in Singapore have more than doubled, growing from US$22.03 billion in 1999 to $51.1 billion in 2000, according to a report released Wednesday by the Infocomm Development Authority of Singapore (IDA) and Department of Statistics "The Survey on E-Commerce 2000" found that 98.7 percent of the 9,000 companies surveyed had Internet a...
Organizers of the 2002 Olympic Winter Games said Thursday they plan to sell up to US$1 million worth of premium tickets to their events on the Internet auction site eBay (Nasdaq: EBAY). The sale will begin with a batch of 100 tickets set to go on sale later this month.
By all accounts, lots of people are buying lots of items online. And luckily for e-commerce, the menu of products that people will buy, sight unseen, seems to be expanding. So why are so many shoppers reluctant to buy clothes online? The obvious answer, of course, is that e-shoppers can't try e-clothes on. Maybe more so than any other item, every p...
IBM (NYSE: IBM) fell US$2.39 to $112.81 inmorning trading Friday after Bear Stearns lowered its rating on the computercompany's shares Analyst Andrew Neff said he downgraded IBM to "attractive" from "buy" to reflect"concern about the narrowing for the potential upside" in light of"valuation concerns" and tough comparisons for second-half results....
Pointing to e-commerce as "critical" to the success of the U.S. economy, lawmakers introduced a resolution in both chambers of Congress Thursday calling on the Bush administration to make the growth of digital trade a top priority on its agenda The bipartisan measure, sponsored in the Senate by Sen. John McCain (R-Arizona) and Sen. Joseph Lieberman...
Retailers are not prepared for an imminent onslaught in the number of online returns, according to a report released Thursday by Jupiter Media Metrix (Nasdaq: JMXI). While a study released by Gartner on Wednesday focused on the need for e-tailers to further automate their infrastructure for handling returns, Jupiter emphasized that few retailers h...
While product returns are set to cost Internet retailers an estimated US$3.2 billion in 2001, online merchants could "drastically" slash the figure by implementing automated Web-based return systems, according to a report released Wednesday by Gartner The research group said e-tailers can save up to 73 percent of the return processing costs, in par...
Amazon.com (Nasdaq: AMZN) chief executive officer Jeff Bezos has filed to sell 300,000 shares ofAmazon stock -- under a recently enacted rule designed to allow executivesto sell company stock at fixed intervals without violating insider-trading rules -- according to a regulatory filing made with the U.S. Securities and ExchangeCommission (SEC) Bezo...
Those easy, breezy first few years of online selling were a time of unbridled commercialism, entrepreneurial mayhem and a general free-for-all Now that electronic commerce is entering a period of refinement, not only are entire businesses shutting their online doors, but individual products are becoming obsolete.
Level 3 Communications (Nasdaq: LVLT) rose US$1 to 16.49 in Thursday morning trading after announcing a contract with France Telecom (NYSE: FTE) and a set of three agreements in Asia Level 3, a Broomfield, Colorado-based communications services company, saidthe French phone company will lease broadband transport capacity to bolsterits North America...
Digital Island (Nasdaq: ISLD) climbed US$1.32 to $3.32 in morning trading Thursday, after the company said it won a contract from Microsoft (Nasdaq: MSFT) to deliver more than 860 million ads per day over the MSN network San Francisco, California-based Digital Island, which provides Internet infrastructure services, said MSN will use its Footprint ...
Cisco (Nasdaq: CSCO) rose 22 U.S. cents to $19.35 in morning trading Thursday, following news of an expanded agreement with AOL Time Warner (NYSE: AOL) AOL was up 78 cents at $52.78.
A familiar brand name is the most important factor being considered by corporate buyers on the Internet -- even more important than price -- according to a study released Thursday by e-business consulting firm Accenture The study, "Was It an Illusion? Putting More B in B2B," found that 80 percent of corporate buyers believe that brand and customer ...
The Internet sector in four chief Asia-Pacific economies is undergoing a "major reformation," according to a report released Wednesday by the Yankee Group In its latest regional review of the e-business market in India, Indonesia,Australia and New Zealand, Yankee found that a host of Asian regulatorshave begun taking steps to open up their telecom ...
Priceline seemed to be back on course, steering delicately toward profitability for the first time. The recent news from the Norwalk, Connecticut-based e-tailer was, for a change, mostly good. The days of the class action suits and massive layoffs and failed expansion ideas were fading in the rearview mirror. So what does the board of directors do...
Online brokerage E*Trade (NYSE: ET) announced Tuesday it has launched E*Trade Israel, a Hebrew and English language Web site that will allow Israelis to trade online in the U.S. stock market Menlo Park, California-based E*Trade said it believes that its entry into the Israeli online finance sector will "greatly contribute to the market's continued ...
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