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The share of the "addressable" online market that eBay (Nasdaq: EBAY) owns is poised to triple in the next four years, the auction leader's chief financial officer said Tuesday. Speaking at the JPMorgan H&Q Technology Conference in San Francisco, California, eBay CFO Rajiv Dutta reportedly told analysts and institutional investors that the total v...
Buoyed by a bounce in its current economic climate, Koreanbusiness-to-consumer (B2C) e-commerce will remain "robust" in the comingyears, according to a report released Wednesday by the Yankee Group As South Korea continues to rebound from the 1997 economic crisis, the studysaid that a number of factors are leading South Koreans to ramp up their onl...
Following in the paths of rivals Travelocity (Nasdaq: TLVY) and Expedia (Nasdaq: EXPE), another online travel leader has beaten the street. Priceline (Nasdaq: PCLN) announced Tuesday a pro forma net loss for the first quarter 2001 of US$6.2million, or 3 cents per share, beating analyst estimates of a loss of5 to 7 cents per share.
Although some e-tailers argue that imposing a sales tax on Internet purchases would cause online sales to plummet, a study released Tuesday by Jupiter Media Metrix concluded that most consumers are indifferent to the presence of an online sales tax Jupiter's survey of consumers who had abandoned a shopping cart found that 74 percent do not consider...
In the days when everyone believed that the future of the economy lay in cyberspace, many dot-coms unwittingly built financial houses of cards by investing substantially in their online brethren Taking equity stakes in other dot-coms was "the cool thing to do a year ago, when everyone was living in Never-Never Land," investment banker Gary Lutin to...
Eastman Kodak (NYSE: EK) said Monday it will buy Ofoto, an online photography service that has been an Amazon.com partner since last fall. Kodak spokesman Gerard Meuchner told the E-Commerce Times that Ofoto's connection with Amazon would remain intact. Amazon linked with Ofoto in October and later built its photography store around the offering.
Flying high on strong sales, online travel site Expedia.com (Nasdaq: EXPE) said Mondaythat it posted its first-ever profitable quarter more than a year ahead ofschedule, and projected that income for the next fiscal year would beat WallStreet estimates "This was a breakthrough quarter for Expedia," company president andchief executive officer Richa...
Microsoft (Nasdaq: MSFT) announced Monday that it has reached an agreement to purchase privately held e-business software company NCompass Labs, reportedly for US$36 million Microsoft said that it is acquiring Vancouver, British Columbia-based NCompass Labs in response to customer demand for Web content management products that ensure that "organiz...
The Internet was supposed to allow us to have a world without borders. A world in which a guy in New Jersey could buy tea from London and sweaters from Switzerland with a few simple keystrokes Unfortunately, the borderless nature of the World Wide Web -- arguably the attribute that makes it so attractive to electronic commerce -- has become one of ...
Nextel (Nasdaq: NXTL) picked up 21 U.S. cents to $16.46 in morning trading Tuesday, after the wireless communications company reported a narrower loss for the first quarter and announced plans to cut 5 percent of its workforce The job cuts, which will affect U.S. workers, are aimed at cutting operating costs and improving operating cash flow, the c...
Priceline.com (Nasdaq: PCLN) climbedUS$1.16 to $6.01 in morning trading Tuesday, after Goldman Sachs upgraded thestock to market outperform from market perform, saying management hasstreamlined operations and positioned the company for a turnaround Priceline's first-quarter results, due out after the close of trading Tuesday,could mark the company'...
Ariba (Nasdaq: ARBA) rose 56 U.S. centsto $8.29 in morning trading Tuesday, after the business-to-business (B2B)e-commerce software maker announced an expanded alliance with IBM (NYSE:IBM) Ariba also revealed a plan to collaborate with professional services companyPricewaterhouseCoopers (PwC) in the formation of online exchanges for common clients....
Digital Island (Nasdaq: ISLD) fell 54 U.S. cents to $1.93 in morning trading Tuesday after the company,which provides Internet infrastructure software and content delivery, said its loss for the second quarterended March 31st was wider than a year earlier In addition, the company announced plans to cut more jobs, and said its chief financial office...
Dot-com companies claimed more executive departures than any other business sector in April, according to a study released Monday by Chicago, Illinois-based outplacement firm Challenger, Gray & Christmas (CGC) Nearly one-fourth of the 134 chief executive and chief financial officers who left their jobs in April were leaving online companies, accord...
The last time Amazon.com linked arms with a brick-and-mortar retailer struggling for an online foothold, the results were impressive. That deal was Amazon's partnership with Toys 'R' Us and its Internet affiliate, Toysrus.com. In addition to boosting sales for both companies, that partnership helped force onetime category leader and thoroughbred e...
Fewer than 40 percent of companies respond to customer service e-mails within six hours and nearly one-fourth never reply at all, according to a report released Monday by Jupiter Media Metrix (Nasdaq: JMXI). The bottom line, Jupiter said, is that customers who make inquiries by e-mail often tire of waiting for a reply and pick up the phone, forcin...
AOL Time Warner (NYSE: AOL) rose US$1.28 to$51.27 in morning trading Monday, following reports that the world's largestmedia company is in talks with a cable operator in Europe about broadband services The Financial Times said that AOL is talking to UK cable operator NTL (NYSE: NLI)about a broadband distribution alliance. Other reports quoted offic...
BroadVision (Nasdaq: BVSN) picked up 73 U.S. cents to $6.24 in morning trading Monday, after the e-commerce software maker said that retail giant Wal-Mart Stores will use BroadVisionsoftware to power its Web sites Terms of the global licensing agreement were not disclosed. Wal-Mart, already a BroadVision customer, will use the company's technology ...
A channel surf across the e-business landscape reveals mixed signals when it comes to the success of TV network-backed Web sites. The television networks -- with their brand identity, pervasive audience base and major financial backing -- should have taken their rightful place at the e-commerce table by now. After all, traditional retailers like G...
After reluctantly dipping its toe in the online shopping world with a narrow test market, retailer Home Depot (NYSE: HD) said Thursday that it will expand its Internet presence to 48 states, but only on a limited basis. While customers in three test cities now have the ability to buy all of Home Depot's 50,000 products online, the nationwide rollo...
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