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Homestore.com (Nasdaq: HOMS) rose US$4.70 to $31.64 in morning trading Monday, after Goldman Sachs added the stock to its recommended list Goldman analysts called the stock the "best defensive name in (the) Internetsector." The analysts also said the company has shown "consistent growth via strongfundamentals."
Business-to-consumer (B2C) auction site uBid said Monday it has forged an alliance with cash-giveaway portal iWon.com. The partnership will give uBid access to millions of Internet users via one of the Web's most trafficked sites. According to Nielsen//NetRatings, iWon was the fifth most visited U.S. site on the Internet this January.
Despite the benefits of business-to-business (B2B) online purchasing, corporate purchasing agents say that they plan to make only 20 percent of their purchases online in the next year, according to a report released Monday by Jupiter Media Metrix Sixty percent of the purchasing agents surveyed for the study, "Getting Procurement Agents To Buy Onlin...
Despite the benefits of business-to-business (B2B) online purchasing, corporate purchasing agents say that they plan to make only 20 percent of their purchases online in the next year, according to a report released Monday by Jupiter Media Metrix Sixty percent of the purchasing agents surveyed for the study, "Getting Procurement Agents To Buy Onlin...
Despite the benefits of business-to-business (B2B) online purchasing, corporate purchasing agents say that they plan to make only 20 percent of their purchases online in the next year, according to a report released Monday by Jupiter Media Metrix Sixty percent of the purchasing agents surveyed for the study, "Getting Procurement Agents To Buy Onlin...
There's only one directive that seems to hold true across the e-commerce landscape these days: to survive, literally, at all costs. While some e-tailers are desperately seeking new revenue sources and better grossmargins to stave off hostile investors, others are completelyreinventing themselves, morphing their business models into entirely newent...
Internet powerhouse Amazon (Nasdaq: AMZN) and brick-and-mortar giant Wal-Mart are reportedly discussing a strategic alliance Amazon founder and chief executive officer Jeff Bezos and Wal-Mart CEO Lee Scott are "hammering out details of an agreement that could be announced within six weeks," London's Sunday Times reported....
Internet book vendor Bibliofind.com reportedly said Monday that a four-month long security breach on its computer servershas exposed customer credit card information The e-tailer, which provides an electronic catalog of millions of used andrare books for sale by independent booksellers around the world, said the violation affected user data housed ...
Internet powerhouse Yahoo! (Nasdaq: YHOO) announced late Thursday that its board of directors has adopted a stockholder rights plan to discourage a hostile takeover attempt Santa Clara, California-based Yahoo! said the plan is "designed to deter coercive takeover tactics, including the accumulation of shares in the open market or through private tr...
Bankrupt e-tailer eToys has sold its BabyCenter unit to Johnson & Johnson (NYSE: JNJ) for US$10 million in cash, the health care products giant announced Friday. The sale price constitutes a fraction of what eToys paid for BabyCenter two years ago. The asset sale comes after eToys and Goldman Sachs tried for months without success to find a buyer ...
When Internet incubator CMGI ended 2000 with the report of a US$636.6 million third-quarter loss, heads were spinning throughout the e-business industry After all, wasn't CMGI the golden child of the new economy? Wasn't CMGI expected to carefully nurture more than 70 dot-coms toward profitability and longevity, thereby proving that e-commerce reall...
Dot-com chief executive officers are departing their companies at a rate of almost one per day, according to a report released Thursday by Challenger, Gray & Christmas The survey found that for the seventh month in a row, Internet executives led the overall CEO departure parade. During February, 119 chief executive departures were announced, with 2...
Traditionally, when the lights go out, you've had two choices: You can light a candle or you can curse the darkness. But thanks to e-commerce, there's a third choice: Capitalize on others' misfortunes Businesses have long been using the bad luck of others for their owngains.
As the dot-com shakeout nears the one-year mark, many companies might have a bad case of the E-Commerce Blues Some analysts say that overspendingand over-expansion, at the expense of monitoring cash flow andfocusing on profitability, have doomed many e-tailers before they really everbegan....
Sapient (Nasdaq: SAPE) was down US$3.88 at $9.13 in morning trading Friday, after the information-technology consultantsaid first-quarter results will fall short of previous expectations Sapient also announced that it is cutting jobs and consolidating operations in order to deal with a weakened U.S. economy....
Alternative payment methods, such as prepaid value cards and Web currency, are being used online, but according to analysts and merchants alike, they'll never dethrone the king of the dot-com world: the credit card Yankee Group analyst Christine Loeber told the E-Commerce Times that alternative payment methods are "not gathering much steam."
E-commerce proponents often believe that anything sold offline is fair game for online sales New Economy cheerleaders might say, for example, that selling health insurance online is as credible a notion as selling baseball memorabilia....
Modem Media (Nasdaq: MMPT) fell to US$3.91, down 47 cents, in morning trading Thursday after the Internet consultant said it will lay off about 10 percent of its employees, close its Tokyo office and take a pretax charge of about $3 million to first-quarter earnings "Over the last few weeks, we completed a comprehensive review of the operating stru...
Gateway (NYSE: GTW) fell US$1.25 to $15.95 Thursdaymorning after the computer maker warned that its first-quarter operating income will bebreakeven, rather than the 17 cents per share expected by analysts Salesare "down slightly" from a year earlier, Gateway said....
3Com (Nasdaq: COMS) was down US$1.69 at $7.44 in morning trading Thursday after the networking equipment maker said revenue and earnings for the third quarter ending March 2nd will be "substantially lower" than previously thought 3Com said that U.S. economic conditions and a prolonged slump in the telecom industry have reduced demand for products i...

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