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Despite a slight dip in revenue from the previous quarter, online investment firm E*Trade (Nasdaq: EGRP) on Wednesday reported a profit from ongoing operations in the first quarter of fiscal 2001, beating analyst estimates by a penny per share The news came as a further sign of E*Trade's ability to prosper during the dot-com downturn. Tuesday, the ...
Webvan Group (Nasdaq: WBVN) said Thursday that it will "dramatically reduce overhead costs" in order to conserve its cash reserves and avoid the need to return to the capital markets before the end of 2001 Webvan was up 30 U.S. cents to 84 cents in early morning trading, a 54.3 percent gain. However, analyst David Kathman of Morningstar.com told th...
Although the Silicon Valley Better Business Bureau hit online payment service PayPal with an unsatisfactory rating Wednesday, the company is working hard to improve its customer service, according to representatives from both the BBB and the company "They have taken this very seriously," Sharon D'Amico, president of the Silicon Valley BBB, told the...
The people at DoubleClick can breathe a bit easier now. With the U.S. Federal Trade Commission laying off after investigating their privacy practices for the past 11 months, the folks at DoubleClick must feel like an elephant just stepped off their chest. But the pressure hasn't gone away entirely. The infinitely complex and tangled privacy debat...
According to venture capital research firm VentureOne, there was not a single venture-backed e-commerce initial public offering (IPO) in the last three quarters of 2000. So, can the market for e-commerce IPOs possibly can get any worse? Worse than zero?...
Last summer, when now former U.S. President Bill Clinton signed the Electronic Signatures in Global and National Commerce Act (E-SIGN Act), it seemed we were about to scale the next digital mountain Conceivably, from that point on, Internet users would be able to enter into contracts and seal the deal electronically. No exchanges of pleasantries, n...
IBM (NYSE: IBM) announced Tuesday a new version of its WebSphere e-commerce software, which is intended to lower the financial and communication hurdles of international e-commerce sales The updated software, which will be available in 10 languages by the end of March, will include region-specific sales tax and shipping rules, customized product ca...
Seventy-five percent of children are willing to discloseprivate family information online in exchange for goods and services, according to a new report released by eMarketer. The tendency of children to disclose such information is especially significant because the new U.S. Congress is gearing up for an Internet privacy battle on Capitol Hill, wh...
Wall Street investors bumped 1-800-Flowers.com (Nasdaq: FLWS) up 19 cents to $5.88 in early trading Wednesday, after the company said strongholiday sales led to a solid second quarter, ended December 31st, of fiscal 2001. The e-tailer repeated its goal of achieving 18 to 20 percent revenue growth in the second half of the fiscal year, with aprofit...
Compaq Computer Corp. (NYSE: CPQ) was upUS$2.20 at $22.25 early Wednesday after the computer maker reported resultsthat were ahead of analyst estimates Analysts at UBS Warburg reportedly repeated a buy recommendation on Compaqafter the news, while Lehman Brothers and J.P. Morgan Chase reportedlyupgraded the stock to buy....
The difficulty of harnessing the power of e-business is the second most widely held concern among chief executive officers worldwide -- with 38 percent citing it as the primary challenge facing their businesses in the next year -- according to a study released Wednesday by Accenture (formerly Andersen Consulting) and research firm The Conference Board.
Portals and Internet service providers (ISPs) are going to start charging online marketers for the massive volume of e-mail being sent across the Web, according to a report released Wednesday by Jupiter Research In 2005, advertisers are expected to send some 268 billion e-mail messages -- 22 times the number of e-mails sent last year, and more than...
While still years from unveiling its next-generation game console, Sony apparently plans to make PlayStation 3 a gateway to the Internet and a means to leverage the company's far-flung entertainment holdings. Company executives have already begun to talk up the PS3 upgrades, though the product is not expected to hit the United States until 2004 --...
In a bid to cool the energy meltdown that ignited rolling power blackouts in California, Governor Gray Davis announced Tuesday that the state is going to hold an Internet auction to secure long-term, low-cost electricity contracts "I expect these bids on long-term energy contracts should stabilize the market and drive the price of electricity down,...
Quick: What do toysellers and drugstores have in common? At the moment, if their last name happens to be "dot-com," the answer is financial challenges. Online toyseller eToys can't pay its bills and Drugstore.com is severely trimming the staff, just as its chief financial officer steps down....
Despite grim marketpredictions about the Web advertising market, online ad impressions in Decemberclimbed 21 percent from November to reach a record high of over 65billion ads viewed, according to a study released Monday by AdRelevance, a Jupiter Media Metrixcompany Although online advertisers approached the holiday season with "significant concern...
Few U.S. companies currently use the Internet to purchase supplies, although most executives see the Web as an important part of their business in the future, according to a study released Monday by a trade organization Most companies are "still in the early stages of Internet adoption," said the National Association of Purchasing Management (NAPM)...
Floral e-tailer FTD.com (Nasdaq: EFTD) will report net income of US$2.3 million, or five cents per diluted share, for its fiscal 2001 second quarter -- the company's second consecutive quarter of profitability, FTD.com said Tuesday The announcement comes at a time when sluggish sales and declining advertising revenues are forcing many e-tailers to ...
Despite Yahoo's decision three weeks ago to end auctions of Nazi artifacts on its Web site, a group of concentration camp survivors has sued Yahoo! chairman and chief executive officer Tim Koogle in France over the controversial auctions, according to published reports The suit reportedly accuses Koogle of justifying war crimes and crimes against h...
The U.S. Federal Trade Commission (FTC) announced Monday that it had closed its year-long probe into the data collection and handling practices of DoubleClick, concluding that the Internet advertising firm did not violate its own privacy policy or engage in deceptive trade practices The investigation, which initially came to light in February, was ...
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