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E*Trade (NYSE: ET) rose 33 U.S. cents to$7.88 in morning trading Wednesday, after the online brokerage reportedfirst-quarter results that were in line with analyst expectations, andannounced an expanded alliance with Target stores The Menlo Park, California-based online brokerage said income from ongoingoperations totaled $868,000, or breakeven per...
Critical Path (Nasdaq: CPTH) rose 8 U.S. cents to 95 cents in morning trading Wednesday, after announcing it will lay off 450 employees, including its president The San Francisco, California-based provider of Internet communications software said that the moves are part of a plan to "put the company back on the path to profitability." The company s...
Handspring (Nasdaq: HAND) rose 96 U.S. cents to $14.06 in morning trading Wednesday, following news that the handheldcomputer maker will be able to develop and market products based on the Palm(Nasdaq: PALM) operating system for another two years Financial terms of the agreement between the two computer makers were notdisclosed. The deal lets Hands...
Autobytel (Nasdaq: ABTL) announced Wednesday that it would acquire its struggling competitor Autoweb.com (Nasdaq: AWEB) in a stock deal worth about US$15 million. The combined company will keep the Autobytel name According to the companies, the combined venture will have annual revenues of approximately $100 million and will bring together 7,000 ca...
In a bid to strengthen its international foothold, Yahoo! (Nasdaq: YHOO) announced Tuesday that it has completed the acquisition of Australian online auction house Sold.com.au. Yahoo!, which is scheduled to report first-quarter earnings after the stock markets close Wednesday, did not reveal the purchase price of the acquisition. The newly combine...
The news reports say that Sex, the domain name, is worth at leastUS$65 million. That's how much a federal judge awarded the rightful owner from the pockets of a cybersquatter who made an estimated $40 million inprofit over a five-year stretch The value set raised a lot of eyebrows. After all, conventional wisdomheld that the most expensive domain t...
Many financial institutions risk losing market share because they are concentrating too much on developing new online and wireless products, rather than improving the experience customers have on their existing Web sites, according to a report released Tuesday by Jupiter Media Metrix The report, "Integrated Finance: Composing a Symphony Out of the ...
Although the current energy crunch has caused prices to surge and spurred a complex web of new laws and regulations, a report released Tuesday by Forrester Research found that online energy trading in wholesale markets continues to make "rapid growth," mushrooming 750 percent from 1999 to 2000 "Despite last year's turbulence, energy companies jumpe...
Loudeye Technologies (Nasdaq: LOUD) rose 2 U.S. cents to 82 cents in morning trading Wednesday after thecompany, which provides digital Internet audio and video content services,announced a restructuring that includes laying off 45 percent of its300-person workforce Loudeye said it will focus on "aggressively exploiting" its advanced digitalmusic a...
In the age of streaming stock quotes, after-hours trading and 24-hour financial news coverage, many Wall Street analysts have become stars. From Merrill Lynch's Henry Blodget to Anthony Noto of Goldman Sachs, stock analysts have become household names and financial power brokers.
The day after Amazon (Nasdaq: AMZN) announced it would see a narrower-than-expected lossfor the first quarter, shares of the e-tail giant continued their dramatic ascentin early morning trading Tuesday, rising more than $2.00, or 19 percent, toas high as $13.50 a share. But will such renewed optimism hold, or is thesudden turnaround a false boom? B...
MP3.com (Nasdaq: MPPP) woke up to quite a shock Monday morning when the company was informed by a U.S. District Court that a US$300,000 copyright infringement award in favor of Tee Vee Toons (TVT) Records on Friday might actually be almost $3 million According to published reports, the eight-member jury in the case discovered over the weekend that ...
Adobe Systems (Nasdaq: ADBE) was up US$3.97 at $39.80 in morning trading Tuesday, after the software maker andAmazon.com (Nasdaq: AMZN) announced an e-book alliance Adobe said that its Acrobat eBook Reader software will be offered through Amazon's e-book store. Almost 2,000 Adobe-based books will be sold on thesite, and the alliance will be expande...
Are Americans ready to exchange "I dos" or pay their last respects to loved ones via the Internet? Probably not, but an increasing number of computer users are finding their way to the Web to plan weddings and funerals. If it sounds too gimmicky, consider the possible impact these two industries might have on electronic commerce....
Ministers from the 15 nations of the European Union (EU) adopted a copyright directive Monday aimed at updating copyright laws for the digital age to prevent Internet and high-tech piracy of music, books and other copyrighted works The ministers approved the so-called Copyright Directive by consensus. The member nations now have 18 months to ratify...
Homestore.com (Nasdaq: HOMS) roseUS$2.26 to $25.48 in morning trading Tuesday, after announcing an alliancewith Bank of America (NYSE: BAC) The bank and the online real-estate company said they had launched an onlinemarketplace offering home-buying, financing, maintenance and improvementservices to consumers. The new site is the first part of a $10...
On Monday, Internet powerhouse eBay (Nasdaq: EBAY) and other prominent investors took a combined US$15 million stake in ReturnBuy.com, a company that resells returned goods for both e-tailers and retailers Ashburn, Virginia-based ReturnBuy.com said that by using online auction house eBay and other online channels to resell returned goods, it will b...
Months after the slowdown hit the U.S. economy, a consensus has failed to materialize on which came first: the dot-com shakeout chicken or the economic downturn egg? "The implosion of tech companies and the evaporation of their funding is more a symptom of the economic slowdown than a cause," Bob Austrian of Banc of America Securities told the E-Co...
Providing a welcome dose of good news amid a flurry of dire earnings forecasts, e-tail giant Amazon.com said Monday that it would post a narrower-than-expected loss for the first quarter due to surging electronic sales The Seattle, Washington-based online bellwether reported that it would post a pro forma loss of slightly less than US$50 million, o...
Facing little prospect of turning a profit with a standalone Web business anytime soon, NBC said Monday it would buy out and absorb NBCi (Nasdaq: NBCI) after less than two years of independent operations for the portal. The US$138 million deal reflects the woes of the overall Internet portal industry, which has been hit hardest by the slumping mar...
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