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Universal Music Group stepped forward Monday to announce that it had signed a definitive agreement to acquire subscription music service EMusic (Nasdaq: EMUS) in an all-cash deal worth approximately US$23 million. "We feel that EMusic complements Universal's other digital and Internet initiatives, and we look forward to joining with them to offer ...
Microsoft announced a new alliance with Partner America on Friday designed to help small businesses venture into the world of e-commerce. Partner America, a public-private partnership between the United States Conference of Mayors and American Management Services, will be co-sponsoring a series of Microsoft "Big Day" seminars, workshops and roundt...
The Internet promises a number of benefits to consumers and the economy, but there is "a real danger" that those benefits will not be realized if consumers identify the Internet with fraud operators, a U.S. Federal Trade Commission (FTC) official testified Thursday "The boom in e-commerce has opened up fertile ground for fraud," said Hugh Stevenson...
U.S. Commerce Secretary Don Evans told Latin American trade ministers Wednesday that e-commerce initiatives must play an integral part in thecreation of any Western Hemisphere free trade agreements Evans told members of the Free Trade Areas of the Americas (FTAA), who aremeeting over the next few days in Argentina to conduct trade talks, that inord...
The leaders of the Internet world are rushing into the abyss, coming up with new ways to charge users for their once-free services every day. The latest entrant in the pay-to-play derby is Yahoo!, which will offer "premium" financial information for a monthly fee It's a tempting strategy to follow. Who can pass up multiple revenue streams, however ...
Continuing a raucous week in the online music sector, subscription music download service EMusic (Nasdaq: EMUS) announced Thursday that it has signed a non-binding letter of intent to be acquired by a "major publicly held media company," in an all-cash transaction worth approximately US$24 million Although Redwood City, California-based EMusic did ...
Egghead.com (Nasdaq: EGGS) is slashing its workforce yet again. In a bid to survive in a slumping economy, Egghead.com said Friday that it has given pink slips to 21 workers in the company's Menlo Park, California offices and to 157 workers in its Vancouver, Washington facility.
As the New Economy fights its way into mainstream American commerce, minority-owned businesses are experiencing a struggle similar to the one they have endured offline for years It's an old story in a new setting: a scenario with which Americans are all too familiar. The potential cultural danger is that it may not be the fittest who survive, but t...
A month after announcing that its customers' credit card information was exposed to hack attacks, Bibliofind.com said Thursday that it will move its operations to the site of its parent company, Amazon.com (Nasdaq: AMZN). Bibliofind informed customers and merchants this week that it will take up residence in Amazon's Marketplace and zShops areas b...
Sycamore Networks (Nasdaq: SCMR)fell US$2.16 to $6.91 in early trading Friday on news that the company'sthird-quarter revenue and earnings will miss targets after a sudden drop incustomer demand "Due to market conditions, it is necessary that the company reduce a portionof its operating expenses," said Sycamore president and chief executiveofficer ...
Are there ways for dot-coms to trim the fat without resorting to layoffs? According to a study released Wednesday by Gartner, the answer is a resounding yes The study, "Nine Ways to Cut Costs and Save E-BusinessInitiatives," outlines the ways in which chief information officers can improve the cash flow of e-tailers by focusing on changes to inform...
With the initial public offering (IPO) market continuing to languish, a report released Wednesday by IDC advises venture capitalists that the current economicclimate makes it more important than ever to maximize the attention theyprovide to each firm in their portfolio "For venture capitalists, understanding some of their portfolio companies'most a...
More than a year after the first salvo was fired between the recording industry and digital downloading freeloaders, the music industry is still trying to develop a subscription-based service that rivals Napster in popularity "Napster is alone in being a recognized [digital download] service," Webnoize analyst Matt Bailey told the E-Commerce Times....
Once again, e-commerce is getting just a bit too comfortable with itself. Just when the dot-com shakeup seems to be leveling off, surviving companies are neglecting one of the key issues that could prove to be its undoing: children's privacy Research has confirmed that children do not discriminate when it comes to the information they share online....
Dell Computer (Nasdaq: DELL) rose US$2.25 to $24.44 inmorning trading Thursday after the computer maker reaffirmed its outlook forthe first quarter ending May 4th The company said that advantages in the way it does business, together with "lean management" of operating costs, "continue to produce exceptional customervalue and industry-leading growt...
Cisco Systems (Nasdaq: CSCO) rose 94 U.S. cents to $14.63 in morning trading Thursday following reports that the company will stop making a slow-selling optical router Cisco will reportedly discontinue the product, acquired when the company bought Monterey Networks in 1999, and focus on more profitable markets, such as equipping metropolitan areas ...
The future of e-commerce will include beefed-up portals, dubbed "e-commerce brokers," that will offer more than a list of links and a passive handoff to online retailers, according to a report released Thursday by Forrester Research The report, "eCommerce Brokers Arrive," predicted an imminent shakeout of shopping intermediaries -- sites that aggre...
Amid a slew of new partnerships and product announcements in the digital music field, Yahoo! (Nasdaq: YHOO) said Thursday it has formed an alliance with Duet, a subscription-based music service being developed by two of the world's largest record labels. Yahoo said it will initially market Duet as a streaming-music channel and later offer digital ...
Yahoo! (Nasdaq: YHOO) gained US$2.62 to$15.06 in morning trading Thursday after Lehman Brothers analyst HollyBecker raised her rating on the stock, saying the price has gotten lowenough for investors to "jump in." Becker upgraded Yahoo! to buy from market perform, and said she expects thestock to reach $20 in a year.
Just over a year ago, investors were pushing each other out of the way to place "buy" orders for soaring tech stocks. Today, the crowds are forming instead at lawyers' offices From Amazon.com to Priceline, Oracle to PlanetRx.com, a host of once high-flying technology companies has been hit by lawsuits from angry investors....
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