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Report: Net Grocers Gaining Ground

Americans are growing more comfortable with buying their groceries online, according to a report released Monday by the University of Georgia According to two surveys, taken 18 months apart by the university, there has been a "dramatic change" in the number of experienced online grocery shoppers and the number of people who are willing to buy all o...

Research In Motion Takes Ride on Lucent Deal

Research In Motion (Nasdaq: RIMM) gave up anearly morning gain sparked by news of an alliance with Lucent (NYSE: LU), and traded midmorningat US$28.88, down 62 cents Earlier in the day, the stock rose as high as $31.50....

Solectron Falls on Forecast, Restructuring

Solectron (NYSE: SLR) fell US$1.69 to $19.80 in morning trading Tuesday, after the contract manufacturer of electronics issued a warning for the year ahead and announced plans to cut 10 percent of its jobs Analysts at Robertson Stephens, Prudential Securities, Bear Stearns, ING Barings, Thomas Weisel Partners and SG Cowen all reportedly downgraded ...

PSINet Falls on Debt Restructuring Plan

PSINet (Nasdaq: PSIX) was down 19 U.S. cents at 53cents in Monday morning trading after the Internet services company said ithired a financial adviser to help restructure its debt At the same time, the company said its common stock is likely to have "novalue."

Wall Street Calls on Amazon To Open Books

An influential group of security analysts has asked Amazon (Nasdaq: AMZN) to provide detailed financial information to allay concerns that the Internet behemoth is teetering on the brink of bankruptcy. The letter, sent Thursday, is the second sent to Amazon this month by the New York Society of Security Analysts' Committee for Corporate Governance...

Shareholders Sue Priceline over IPO

A group of investors filed a lawsuit against Priceline.com (Nasdaq: PCLN) Friday, alleging that the name-your-price e-tailer conspired to drive up the price of its shares after its initial public offering (IPO). The suit alleges that Priceline's underwriters exchanged shares at the offering price of US$16 in exchange for guarantees from buyers to ...

Study: High-Speed Net Access To Transform E-Biz

The widescale deployment of broadband access, combined with intensified competitionamong communications, entertainment and technology firms, is likely transform current e-business models in the coming year, according to a study released Monday by Ernst & Young andCap Gemini Ernst & Young "Broadband connectivity will be the tide that lifts all ships...

Online Casino Risk - Collect $$ or Go to Jail?

The online casino industry is set to explode, but legal restrictions could keep U.S. firms out of the fray, according to a report issued Thursday by investment and securities firm Bear Stearns The report, "E-Gaming Revisited -- At Odds With The World," found that the number of Internet gambling Web sites has doubled in the past year: from 600 to 70...

Hear No E-Shoppers, See No E-Shoppers

After surviving the dot-com shakeout and now a slowing economy, many e-tailers are too distracted to remember one of the essentials of running a smart business: Listen to the customer Why is it that online merchants can't seem to hear what their current and potential customers are telling them?...

Senators Mull Ways To Bust Global E-Commerce Barriers

U.S. Senator Joseph Lieberman (D-Connecticut) is urging government leaders to tread cautiously when regulating e-commerce, in order to avoid creating new stumbling blocks that would hinder growth in the volume of international business conducted via the Net Lieberman and Rep. Ellen Tauscher (D-California) unveiled a set of e-commerce principles Th...

New Rule Book for Web Shopping with Electronic Checks

With the goal of encouraging Web merchants and shoppers to use personal checks for e-tail sales, the Electronic Payments Association instituted new rules Friday for how electronic checks are processed "As e-commerce matures, consumers and businesses will expectto have payment choices, just as they do in the bricks-and-mortar world," said Elliott C....

Perils and Pitfalls of Online Tax Filing

As the deadline for filing U.S. tax returns draws nearer, a new reportreleased Thursday by the General AccountingOffice (GAO) may give some taxpayers pause about submitting theirreturns through the Internal Revenue Service (IRS) electronic filing program According to the study, which was commissioned by Sen. Fred Thompson(R-Tennessee) to evaluate t...

Report: Online Toys Set To Soar To $1.2B

Online toy sales are on track to grow from US$793 million in 2000 to$1.2 billion by 2002, according to a report released Wednesday by The NPD Group When consumers were asked which Web site they would consider buying toysfrom online in the next six months, Amazon dominated with a 23 percent share,followed by eBay with a distant 15 percent.

When Did Dot-Com Become a Dirty Word?

Online delivery service Kozmo.com appears to be quietly re-tooling itself, with a tip of the technological hat to the "old economy." The company quietly, yet significantly, dropped the "dot-com" from its name recently, and announced it would mail out almost a half-million printed catalogs, complete with a good old-fashioned toll-free number to call...

Report: Luxury E-tailers Fail E-Biz Basics

Luxury e-tailers who spend millions trying to imitate the offline luxury shopping experience to attract upscale customers may be wasting their money, according to a report issued Wednesday by Forrester Research The report, "Selling to the Affluent Online," warned e-tailers not to forget that wealthy Web shoppers -- even those with investable assets...

'Bounty' Contest To Beat Amazon's 1-Click Patent Ends Without Bang

A contest posted on BountyQuest asking for examples of technology that would invalidate Amazon's 1-Click patent ended Wednesday without a winner, but with some damage to the intellectual property claim, according to publisher Tim O'Reilly, who launched the initiative. The submissions from the 1-Click bounty hunters included a 1993 Doonesbury carto...

Study: Amazon Passes eBay in Total Traffic

Amazon jumped ahead of eBay during the month of February tobecome e-commerce's most visited Web site, according to a study releasedTuesday by Jupiter Media Metrix Amazon rose from the No. 11 position overall in January to No. 10 lastmonth with a marginal increase of 71,000 unique visitors, to 18.0 million. However, eBay fell from 10th to 12th with ...

Report: B2B in 2000 Blossoms to $433B

Worldwide business-to-business e-commerce revenues reached US$433 billion in 2000, marking a 189 percent increase over the $145 billion spent online by businesses in 1999 and exceeding industry expectations significantly, according to a study released Tuesday by Gartner Group. Last year, Gartner had predicted that B2B e-commerce revenues would be ...

Priceline Sweetens Mortgage Rate Plan

In a bid to capture a larger market share of the personal financingindustry, Priceline.com (Nasdaq:PCLN) announced Wednesday that it is expanding its mortgage service to allowborrowers to secure the lowest possible interest rates The new options will be offered through the e-tailer's licenseePricelineMortage and will follow the "name-your-own-price...

Another Exec Flees Yahoo! Amid Portal Woes

Yahoo! (Nasdaq: YHOO) announced Wednesday that Anil Singh, its chief sales and marketing officer and senior vice president of business operations, was retiring in early May "to spend more time with his family and pursue personal interests." "Although most of these execs are citing the generic 'personal reasons' line, the likely cause is the fundame...

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