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Despite years of success at the business of matchmaking, real-world dating services are in a losing battle with the Web for a couple of reasons. Well, actually three reasons. Wait, make that four or five or six reasons The bottom line is that offline dating services simply cannot compete with what's being offered by their Internet-based competitors...
E-Stamp (Nasdaq: ESTM) completed its ongoing transformation from an Internetpostage business Friday, announcing it is merging with Learn2.com tofocus on the corporate e-learning market. E-Stamp willphase out its shipping and logistics services The new company, to be called Learn2 Corporation, will have approximatelyUS$15 million to $17.5 million in...
Nortel Networks (NYSE: NT) fell 38 U.S. cents to $17.42 in morning trading Friday, after the telecom companyreported a quarterly loss and said it will lay off more workers The Toronto, Canada-based communications company said revenue for the firstquarter ended March 31st slipped to US$6.18 billion, from $6.32 billion inthe same period last year.
Commerce One (Nasdaq: CMRC) fell US$1.90 to $11.81 in morning trading Friday, after posting a widerfirst-quarter loss than a year earlier Reports said that company officials warned of a loss for the second quarter as well. Analysts at CIBC World Markets, UBS Warburg and SG Cowen were all said tohave downgraded Commerce One shares following the news...
Microsoft (Nasdaq: MSFT) rose US$2.76 to $70.80 in morning trading Friday, after topping estimates for the third quarter ended March 31st Analysts at Salomon Smith Barney, Thomas Wiesel Partners and Goldman Sachs reportedly upgraded Microsoft after the results were released....
Gateway (NYSE: GTW) fell 42 U.S. cents to $17.60,after reporting a first-quarter loss that included restructuring charges. Charges are planned for the next two quarters as well "We're making solid progress against our revitalization plans," saidchairman and chief executive officer Ted Waitt. "In order to get ourbusiness in fighting form for the sec...
The U.S. Federal Trade Commission (FTC) said Thursday that three Web sites have agreed to pay US$100,000 in fines to settle the first prosecutions under a year-old law designed to protect children's identities online. The parent companies of Girlslife.com; Bigmailbox.com and Insidetheweb.com settled charges that they illegally collected identifyin...
IBM (NYSE: IBM) announced late Thursday that it is acquiring Internet business consulting firm Mainspring (Nasdaq: MSPR) for approximately US$83 million in cash "This acquisition will expand our business strategy capabilities so we can address increasing market demands for integrated business consulting and IT implementation services," said Tom Haw...
Three advertising industry giants announced Thursday that they have agreed to jointly establish anelectronic marketplace for buyers and sellers to conduct their media business dealings Slated for a formal launch during the second quarter of this year, the newfirm is being formed by the Interpublic Group of Companies (NYSE:IPG), Omnicom Group (NYSE:...
Adding to the recent wave of profitable earnings reports, eBay (Nasdaq: EBAY) announced Thursday that net income for its first quarter 2001 was US$21.1 million, or 8 cents per diluted share. The earnings beat analyst predictions. San Jose, California-based eBay said that its pro forma net income of $30.6 million was a company record for a quarter....
Amazon-backed Ashford.com(Nasdaq: ASFD) announced this week that it has received noticefrom the Nasdaq that the company no longer complies with the exchange's US$1minimum bid requirement and that the stock faces delisting The Houston, Texas-based luxury e-tailer has 90days to comply with the requirement. Ashford stock must achieve a bid price of $1...
Online travel site Travelocity.com (Nasdaq: TVLY) reported its first-ever profitable quarter Wednesday, just days after competitor Expedia.com (Nasdaq: EXPE) said it has reached profits as well. Travelocity reported an operating profit of US$618,000, or 3 cents per share, on revenue of $72.9 million before several one-time charges. In the same qua...
Online travel site Travelocity.com (Nasdaq: TVLY) reported its first-ever profitable quarter Wednesday, just days after competitor Expedia.com (Nasdaq: EXPE) said it has reached profits as well. Travelocity reported an operating profit of US$618,000, or 3 cents per share, on revenue of $72.9 million before several one-time charges. In the same qua...
Online travel site Travelocity.com (Nasdaq: TVLY) reported its first-ever profitable quarter Wednesday, just days after competitor Expedia.com (Nasdaq: EXPE) said it has reached profits as well. Travelocity reported an operating profit of US$618,000, or 3 cents per share, on revenue of $72.9 million before several one-time charges. In the same qua...
In an effort to crack down on data-mining firms that obtain personalinformation from consumers through fraud, the U.S. Federal Trade Commission (FTC) announced Wednesday it had filed suit against three firms that it alleged unlawfullyobtained and sold confidential financial data The agency, which brought the sealed cases in three separate U.S. dist...
Is it just me or is Amazon chief Jeff Bezos' wide-eyed, Andy Kaufman-like, perpetual grin starting to wear a little thin? What once was the quirky face of the revolutionary potential of electronic commerce is now simply an eerie plastered expression of who knows what. I have a feeling behind that odd grin is a whole lot of emotional strife.
IBM (NYSE: IBM) rose US$6.85 to $113.35 in morning trading Thursday after the computer giant posted an 18 percentincrease in first-quarter earnings Analysts at Goldman Sachs reportedly upgraded IBM shares to the firm'srecommended list from outperform after the report....
Apple Computer (Nasdaq: AAPL) rose US$1.40 to $24.19 in morning trading Thursday after beating analyst estimates for the second quarter ended March 31st, returning toprofitability after a first-quarter loss Lehman Brothers reportedly upgraded Apple shares to buy from marketoutperform following the report, while SG Cowen was said to have lowered its...
i2 Technologies (Nasdaq: ITWO) fell US$3 to $16.97 in morning trading Thursday, after reporting first-quarter results that were in line with its lowered expectations, and saying the company expects losses for the next two quarters Analysts at Salomon Smith Barney, First Union, US Bancorp Piper Jaffray and JP Morgan all reportedly downgraded the Dal...
Just as one six-figure online auction scam on eBay was finding closure, eBay has begun investigating another, according to published reports Wednesday. This time, the alleged fraud involves the sale of over US$400,000 in gold and silver coins and bullion, which were allegedly never delivered to winning bidders after payment was received, the New Y...
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