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Despite the deaths of dozens of dot-coms and the stock market plunge that left many e-tailers gasping for air, U.S. consumers continue to shop online because they like the convenience and control it offers, according to a report issued Monday by Forrester Research "Rumors surrounding the demise of e-commerce have been greatly exaggerated -- in fact...
Gateway, Inc. (NYSE: GTW) was at US$21.16 early Tuesday, down 50 cents, after the computer maker said chairman Ted Waitt will return to managing operations at the company he founded 15 years ago, taking over as its chief executive officer. Waitt replaces Jeff Weitzen, who is retiring after just a year at the helm of San Diego, California-based Gat...
eGain Communications Corp. (Nasdaq: EGAN)was trading at US$5.81 early Tuesday, up 91 cents, after reporting strong results forthe second quarter ended December 31st and moving up its target forprofitability "From almost every perspective, we are executing ahead of plan," saidchairman and chief executive officer Ashutosh Roy. "We drove top-linereven...
Even the backing of most valuable players Michael Jordan, John Elway and Wayne Gretzky could not help sports e-tailer MVP.com in the rough and tumble world of e-commerce. Online media company Sportsline.com announced Monday that it had purchased the domain names, trademarks and certain other assets associated with MVP.com and MVP.com-owned sites P...
Questions about the health of e-commerce led to a slowdown in venture investments during the fourth quarter of 2000, but venture capitalists still set a new funding record in 2000, according to a report released Monday by the National Venture Capital Association and Venture Economics. In its latest quarterly report, the trade group said investors ...
Three financial giants announced Monday that they have partnered to create DealerTrack, a Web-based system for car dealers to use when processing consumer auto loans. The founding companies, J.P. Morgan Chase & Co., AmeriCredit Corp, and Wells Fargo & Co., hope the new company will "jump start" the auto industry's conversion to a Web-based car loa...
Although large companies boosted their online advertising by 18 percent during the fourth quarter of 2000, a higher percentage of Net ads came from small and mid-sized companies -- particularly in the dot-com industry -- according to data released Monday by AdRelevance, a Jupiter Media Metrix firm Specifically, AdRelevance found that companies whos...
Cisco Systems, Inc. (Nasdaq: CSCO) was down US$1.81 at $36.56 in early trading Monday following reports that the company is seeing a weaker quarter than previously thought Chief executive officer John Chambers told reporters at the World Economic Forum in Davos, Switzerland, that business in January had been slow, though the company's long-term out...
I've heard it from all sides. E-tail customers have told me it's nohardship -- indeed, no big deal -- when their favorite site goes down I've heard it from the businesses themselves -- what else would theysay -- that the outage was only temporary, that there would be no impact on financial results, that they're working hard to prevent future occurr...
As recently as a year ago, it was an easy decision for a top-level executive to join a Net company. Sure, they would work extra hard and take a lower base salary, but in the long run, their insanely generous stock option plans would be well worth the toil Poof. The clock struck midnight and the compensation packages that seemed like such a no-lose ...
The ability to use an Internet auction to solicit sealed electricity contract bids played a crucial role in helping bring some order to California's protracted energy crisis, state officials told the E-Commerce Times In the 27-hour online auction, held over Tuesday and Wednesday by California's Department of Water Resources (DWR), 39 power companie...
Here's a neat party trick. Make a list of the profitable or nearlyprofitable e-commerce companies you know about. Then circle all the e-tailcompanies -- the ones that sell goods directly to consumers If your list is anything like mine, there is a distinct lack ofcircles. No circles, no large e-tailers in the black.
U.S. technology and e-commerce stocks were falling at midday Friday for a second day in a row, as a wave of earningsdisappointments continued to keep investors on edge The Nasdaq Composite Index was down 52.54 at 2701.74 in late-morningtrading, led by declines in Cisco Systems (Nasdaq: CSCO), Ericsson (Nasdaq: ERICY) and PMC-Sierra (Nasdaq: PMCS).
American depositary receipts for Ericsson (Nasdaq: ERICY) were down US$1.81 at $11.19 early Friday after the Swedishmobile-phone maker said results for the last quarter were weaker than analysts hoped,and that it would stop making its own products, outsourcing productioninstead Ericsson said sales and orders were higher in the fourth quarter endedD...
BroadVisionInc. (Nasdaq: BVSN) wasdown US$2.19 at $12.69 in morning trading Friday after missing analysts'targets for fourth-quarter 2000 growth Analysts at firms including Prudential Securities, CIBC World Markets andFirst Union Securities reportedly downgraded their ratings on BroadVisionafter the report....
A sting operation started last fall led the Software & Information Industry Association (SIIA) to file civil lawsuits against two software pirates Thursday Peter Beruk, SIIA's vice president in charge of anti-piracy, told the E-Commerce Times that several months ago, two people informed the SIIA that after they placed bids at online auctions for so...
The white knight who pulled European e-tailer Letsbuyit.com from the brink of bankruptcy at the last minute this week is a convicted hacker turned venture capitalist, a UK newspaper reported Thursday The Manchester Guardian reported that a German venture fund that supplied US$2.3 million to Letsbuyit.com this week is led by Kim Schmitz, 27, who was...
First, the trend for online auctioneers was instituting and raising listing fees. Yahoo!, eBay and Amazon.com all charge users to offer items on their sites. Now Amazon has upped the ante This week, Amazon announced that it is going to begin requiring its users to offer the company's proprietary online payment service when auctioning on the site. T...
Although the Internet advertising industry has fallen victim to thebelt-tightening measures of many dot-coms looking to trim their operatingbudgets in recent months, a report released Thursday finds thespending slump is only a "temporary pause" in the market's overall growth According to Forrester Research,traditional U.S. companies will funnel US$...
Kana Communications, Inc. (Nasdaq: KANA) was down $2.38 to $7.06 early Thursday, after the company reported Wednesday a wider loss for the fourth quarter ended December 31st Analysts at several firms reportedly downgraded Kana shares following the news, with Credit Suisse First Boston and Williams Capital cutting their ratings to hold from buy, Gol...
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