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Readers far and near will be crossing their fingers, no doubt, in the hopes that I win round trip airfare for two to any destination in North America, compliments of Orbitz.com You know Orbitz, even though you still can't book travel reservations there. For almost two years now, I've been kind enough to periodically remind you of its imminent arriv...
Gone are the days when visiting dusty warehouses and digging through bins of junk were the only ways to buy bargains from the government. Now a number of government agencies have gone high tech and are using Web sites like eBay (Nasdaq: EBAY) to auction off surplus property, ranging from jalopies to jewelry About 12 government entities list regular...
After two consecutive months of declining layoffs, dot-com companiesmade a record 17,554 job cuts in April, marking an 84 percent increase over the 9,533 e-business jobs cut in March, according to a report released Thursday by job placement firm Challenger, Gray & Christmas (CGC) "These were surprising numbers because it looked like we had peaked, ...
Despite a recent hesitancy on the part of e-business investors to get involved in the Asia-Pacific market, a report released Friday by IDC predicted that B2B e-commerce in the region will sell more than US$61 billion indirect and indirect materials by the end of 2002, compared to $12.8billion spent in 2000 In addition, the report said that of the $...
Taking a cue from rival IBM, Compaq (NYSE: CPQ) announced late Thursday that it has reached an agreement to buy Internet consultancy Proxicom (Nasdaq: PXCM) for US$266 million in cash The purchase pushes Compaq toward its stated goal of increasing its consulting and services business from 21 percent of its revenue to 30 percent.
Think there's such a thing as Internet privacy? Think again Outgoing Yahoo! chief executive officer Tim Koogle might not have thought that Internet privacy was a contradiction in terms. But that was before he was "outed" by The Washington Post for using a screen name to participate in auctions -- on eBay....
KB Toys said Thursday that it is purchasing "substantially all" of defunct e-tailer eToys' inventory for US$5.4 million, as part of eToys' bankruptcy proceedings KB Toys stressed that although the retail value of the eToys merchandise is estimated to be $40 million, KB Toys does not expect to sell the goods for near that amount....
VeriSign (Nasdaq: VRSN) rose US$5.86 to $52.08 in morning trading Friday, after reporting a 526 percent year-over-year revenue increase and a jump in pro forma earnings for the first quarter ended March 31st Thomas Wiesel Partners reportedly upgraded VeriSign, an Internet security software provider and registrar of domain names, to strong buy from ...
Art Technology Group (Nasdaq: ARTG) rose 91 U.S. cents to $8.80 in morning trading Friday, after reporting first-quarterresults that topped its previously slashed expectations and announcing acost-cutting plan The company also said that its chief financial officer, Ann Brady, resigned to spend more time withher family and will leave the company as ...
VA Linux Systems (Nasdaq: LNUX) fell 6U.S. cents to $2.97 in early trading Friday, after saying that revenue for the third quarter ending April28th will be lower than previously thought "While we are seeing some signs that demand is improving for our consultingservices and open source development network, the slowdown in customer(information techno...
Driven by a number of consolidation efforts, online book vendor Barnesandnoble.com (Nasdaq: BNBN) announced Thursday that it narrowly beat Wall Street estimates and trimmed its losses for the firstquarter The e-tailer, which is majority owned by brick-and-mortar namesakeBarnes & Noble and German media giant Bertelsmann AG, said that it achieved the...
Universal Music Group (UMG) said late Wednesday that it has bought out BMG Entertainment's stake in GetMusic, an online e-commerce and music information site founded jointly by the companies in 1999 "I think we're seeing Universal make a more aggressive move to catch up with BMG," Webnoize researcher Gregor Rohda told the E-Commerce Times. He point...
Although people can argue over how old the Internet is, if you say 1994 was the birth year, the Web is 7 years old. The age that everyone agrees is the Age of Reason When growing an emerging industry like e-commerce, some weeks are better than others. Yet the past few days have been really good.
The venture capitalists who got blindsided when the dot-com bubble burst lost a whole lot of money -- real money, to be sure -- from staggering losses at companies such as Priceline and Webvan, to complete wipeouts like eToys and Pets.com. The question is, who were VC's biggest losers -- the companies and individuals who poured dollars into e-comm...
Online used car retailer iMotors.com hit a dead end Wednesday, announcing that it has shuttered its operations "due to a lack of sufficient capital to continue to grow the business." According to a note posted on its Web site, the San Francisco,California-based company said that it will issue "prompt" refunds to customers who had placed deposits. i...
Juno Online Services (Nasdaq: JWEB) rose 38 U.S. cents to $1.20 in morning trading Thursday, after AOL Time Warner signed a definitive agreement to allow the company to offer high-speedInternet access over Time Warner cable systems The deal is the second that Time Warner Cable has signed with an Internet serviceprovider. In November, the company ag...
Homestore.com (Nasdaq: HOMS) jumpedUS$4.27 to $33 in morning trading Thursday, after the online real-estatecompany reported first-quarter results that topped analyst estimates Chairman and chief executive officer Stuart Wolff said that the "strong" resultscame in a "very difficult market."
Internet search engine Ask Jeeves (Nasdaq: ASKJ) gained 26 U.S. cents to reach $2.40 in early trading Thursday, after announcing proposed job cuts and reporting a pro forma loss of $14.4 million, or 40 cents per share, for the first quarter of 2001 on Wednesday. The loss was narrower than the year-ago quarter, when the company reported a pro forma...
The Nasdaq plunge and accompanying dot-com shakeout are "irrelevant" to the sustained growth of worldwide e-commerce, which shows no signs of slowing, according to a report released Tuesday by IDC. "Business-to-consumer (B2C) Internet commerce is alive and well," IDC declared in its eWorld2001 report.
Riding strong electronics and international sales through a traditionallyslower quarter, Amazon.com (Nasdaq: AMZN) posteda pro forma net loss of US$49 million, or 21 cents per share, for the firstquarter ended March 31st, beating initial analyst estimates by 3 to 4 cents In discussing the results, Amazon chief executive officer Jeff Bezos emphasize...
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