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Dell Computer Corp. (Nasdaq: DELL) was at US$26.75 early Friday, up 81 cents, following reports that the computer maker expects sales to meet its original forecasts Chief executive officer Michael Dell reportedly predicted revenue for the year ending Friday will be $32 billion, the level the company had forecast before a January 22nd warning of a p...
Buy.com (Nasdaq: BUYX) was down 28 U.S. cents at 62 cents in early trading Friday, after the e-tailer reported a loss for the fourth quarter and announced what it called an "aggressive" cost-cutting plan The company said it intends to focus on its domestic operations, adding that it recently signed a letter of intent to sell its UK division to "a E...
With pressure building from union organizers and with a potential public relations blunder at hand, Amazon.com told laid-off hourly employees Thursday that they would not have to pledge to keep quiet about the company in order to receive a better severance deal. The change of policy was announced to workers in an e-mail Thursday....
Bertelsmann AG announced Wednesday that it is eliminating 55 jobs at subsidiary CDNow, in a move that will eliminate the entire advertising sales function at the online music site The move makes sense for Bertelsmann, according to industry observers. Before being purchased by the German media giant, CDNow had turned to selling advertising space bec...
National Semiconductor Corp. (NYSE: NSM) was down US$1.05 at $26.26 in morning trading Friday after the chipmaker said sales for the third quarter ending February 25th may end up below second-quarter levels Reports said that National Semiconductor officials blamed slower sales of computers and wireless phones for the drop in demand. Phone manufactu...
Fired workers at Amazon.com (Nasdaq: AMZN) are being urged byunion activists to turn their backs on the Internet retailer's enhancedseverance package. Many in the labor movement view the firings as opening thedoor to organizing thousands of dot-com workers around the U.S. When Amazon laid off 1,300 staffers, or 15 percent of its workforce, onTuesd...
In another move that could have a ripple effect on the online music business, German media giant Bertelsmann AG has named Joel Klein, the former U.S. Justice Department antitrust chief, to head its U.S. operations Klein, who lead the government's antitrust case against Microsoft, will bea "key strategic adviser" to Bertelsmann chief executive offic...
In a bid to refocus on its core travel business, Priceline(Nasdaq: PCLN) announced Wednesday that it had enhanced its service to offer customers more convenient itineraries and shorter connection times between flights. The "name-your-price" e-tailer also said that it had hired travel expert Pauline Frommer as a special advisor to evaluate the comp...
MP3.com (Nasdaq: MPPP) was at US$5.44 early Thursday, up 47 cents, after the Internet music provider reported a smaller loss for the fourth quarter ended December 31st MP3.com chief executive officer Michael Robertson said the company is poised for growth.
Sprint Corp. (NYSE: FON) fell toUS$24.23, dropping 57 cents in early trading Thursday, while its Sprint PCS division rose 63 cents to$31.13, after the companies released fourth-quarter results Sprint, a Kansas City, Missouri-based long-distance telephone company, saidrevenue for the fourth quarter ended December 31st was $4.39 billion, down from$4....
CarsDirect.com said Wednesdaythat it will buy Greenlight.com, an online car site backed by Amazon.com The sale, which will reportedly result in about 75 job cuts beforethe merger is complete, is the latest sign of consolidation within theonline auto sales sector, which has had trouble gaining traction withconsumers.
Thanks to William Shakespeare, we know what's in a name. But what's in a number? For e-commerce, plenty. There's expectation, and if the escalating prediction game doesn't stop soon, extreme disappointment....
E-commerce is being beaten up with bad press again. First it wasbabies being sold over the Net, then brokerages being warned for their questionableonline business practices. Throw in the latest round of dot-com layoffs and the currentassault on Net advertising, and the e-business is undergoing a genuine public relationsnightmare....
The U.S. Federal Trade Commission (FTC) announced Tuesday that the 2000 holiday shopping season "seems to have gone more smoothly for consumers" than it did in 1999 "Consumers reported fewer problems with online goods being delivered late than in the 1999 online shopping season," FTC Bureau of Consumer Protection director Jodie Bernstein said....
Applied Materials, Inc. (Nasdaq:AMAT) was down US$1.38 at $51.06 in morning trading Wednesday, after thecompany said its first-quarter results will suffer from a recent drop indemand for its products Applied Materials, which makes equipment used for manufacturing semiconductors, said it is beginning to see the effects of an industry-wide slowdown i...
While the U.S. Congress debates proposed Internet privacy laws, a tech industry group announced Wednesday that it hasissued a set of self-regulatory guidelines in a bid to ward offfederal intervention Although the PersonalizationConsortium said the standards provide a set of "best practices" that businesses can follow "to ensure consumer confidence...
PurchasePro, Inc. (Nasdaq: PPRO) rose US$1.73 to $29.19 early Wednesday after the company announced an expanded alliance with AOL Time Warner (NYSE: AOL) that includes a print and television advertising campaign PurchasePro, which makes business-to-business (B2B) e-commerce software, said it will promote its products "across a broad array of AOL Ti...
News that Amazon.com is slashing 1,300 jobs continued to rattle the e-commerce world Wednesday, as analysts said reduced sales forecasts from the bellwether company are a signal that the era of spectacular growth may have ended for the e-tail sector Amazon chief executive officer Jeff Bezos and other executives blamed a coolingU.S. economy for the ...
Despite a fourth-quarter 2000 loss that came in just ahead of Wall Street expectations, Amazon.com announced Tuesday that it is laying off 1,300 workers -- 15 percent of its total staff -- and closing a distribution center in McDonough, Georgia and a customer service center in Seattle, Washington. Morningstar.com stock analyst David Kathman told t...
While other dot-com businesses falter and stall one by one, Web sites in the e-travel sector keep on flying. There are a number of reasons for the online travel triumph, but mostly it has to do with the fact that booking travel reservations was computerized long before being computerized was de rigeur. The Sabre reservation system, for example, w...
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