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LookSmart (Nasdaq: LOOK) fell 0.781 to 2.312 early Friday after theInternet directory company warned that fourth-quarter results will be hurtby a slowdown in the online advertising market The company also said it cut 172 jobs, or 31 percent of its workforce, aspart of restructuring aimed at focusing on its more profitable operations.The restructuri...
Hewlett-Packard Co. (NYSE: HWP) was down 1.25 at 31.125 in early tradingFriday after the company lowered expectations for the first quarter endingJanuary 31st The Palo Alto, California-based computer maker said "worsening economicconditions" and a slowdown in U.S. corporate and consumer informationtechnology (IT) spending will lead toearnings of 35...
Priceline Europe, a licensee of the American "name-your-own-price" e-tailer, has secured US$25 million in funding from investment firm General Atlantic Partners, money that Priceline Europe hopes will allow it to continue building its expansion plans, the companies said Thursday The latest infusion of capital brings General Atlantic's total investm...
Digital River (Nasdaq: DRIV) rose 1.88 to 6 Thursday after the e-commerceservices company said fourth-quarter results will be better than previouslythought, and that a profit before expenses is expected in the fourthquarter of next year Digital River said its software and digital commerce services division movedinto the black, before depreciation a...
DoubleClick, Inc. (Nasdaq: DCLK) rose in early trading Friday, gaining 2.64 to 13.89 after the online advertising company beat analysts' expectationsfor fourth-quarter earnings, even as it warned about the outlook for thecoming year DoubleClick shares had fallen Thursday ahead of the company's warning, after portal giant Yahoo! said a slowdown in I...
Yahoo! (Nasdaq: YHOO) helped sink several dot-com stocks Thursday, a day after the company warned that earnings for 2001 will be hurt by slumping online advertising sales Analysts said the company is setting its expectations very low, with the intention that Yahoo! would have nowhere to go but up. Yahoo! closed Thursday at US$25.88, down $4.62 on t...
Not so fast! What was supposed to be a slam dunk became a waiting game when the U.S. Federal Communications Commission (FCC) hesitated in approving the US$100 billion merger of America Online (AOL) and Time Warner Consent was expected to be a mere formality, but word has it that at least one commissioner is worried that AOL dominates the instant me...
Internet bellwether Yahoo! (Nasdaq: YHOO)fell US$5.63 to $24.50 in after-hours trading Wednesday after meeting key Wall Street estimates by reporting fourth-quarter earnings of 13 cents per share, but warning that its first quarter and full-year 2001 earnings will be affected by the recent downturn in Net advertisingsales The Santa Clara, Californi...
By 2005, 18 percent of all business-to-business (B2B) trade in Canada will be done online, according to a report released Wednesday by Forrester Research The report, "Canada's B2B Future," found that online B2B transactions will account for US$182 billion of Canada's $1.03 trillion B2B market in 2005....
Online financial services provider E*Trade Group (Nasdaq: EGRP) announced Thursday that it has signed a definitive agreement to acquire online mortgage originator LoansDirect Morningstar.com analyst Alyssa Sibley told the E-Commerce Times that the acquisition is"another indication of [E*Trade's] commitment to diversifying and creating additional st...
The automotive industry is lagging far behind others in terms of e-business progress, according to a study released Wednesday by consulting firm KPMG Brian Ambrose, national industry director of KPMG's automotive practice, told the E-Commerce Times that both automotive suppliers and original equipment manufacturers (OEMs) have been hesitant to join...
Citing sweeping antitrust concerns, 20 U.S. states have filed a letter with the U.S. Department of Transportation (DOT) voicing their concerns about the controversial Internet mega-travel site Orbitz According to published reports, the filing by state attorneys general from New York, Iowa and California questions the legality of Orbitz's business m...
Heidi Miller, hailed as a potential savior for Priceline.com (Nasdaq: PCLN) when the e-tailer hired her last year as chief financial officer, said Wednesday she has taken a job in the insurance industry. Miller -- whom Fortune magazine in 1999 called the second most powerful female executive in the U.S., behind Hewlett-Packard's Carly Fiorina -- b...
E-Loan, Inc. (EELN) gained 0.78 to 2.38 Wednesday after the online lending companysaid auto loan volume in the fourth quarter rose to a record US$320 million.The Dublin, California-based company said it originated 15,671 auto loans inthe quarter, up 190 percent from a year earlier and 70 percent ahead of thethird quarter E-Loan offers consumer loan...
American businesses are ignoring online opportunities overseas -- including the Asia-Pacific region, where Internet use is on track to outpace the United States within five years -- according to a study released Thursday by Jupiter Research "Even though only a quarter of the global Internet population will reside in the United States by 2005, only ...
BEA Systems, Inc. (Nasdaq: BEAS) rose 7.12 to 56.25 Wednesday afterannouncing a contract with Charles Schwab & Co Under the three-year license agreement, Schwab will use BEA's WebLogic as aplatform for "a number of mission-critical applications across the company,BEA said.
VerticalNet, Inc. (Nasdaq: VERT) rose 0.406 to 5.343 early Thursday after the company called off its plan to acquire SierraCities.com, Inc. (Nasdaq: BTOB) SierraCities.com also gained, picking up 0.156 to 1.812 in the first fewminutes of trading....
There is an interesting paradox developing in the online bookstore industry. Fourth quarter revenues (including holiday sales) are up, and books continue to be the top-selling product category on the Net, but virtually across the board, book e-tailers are falling short of analyst earnings estimates. The result: a flurry of e-bookseller stock downg...
Internet auction fraud accounts for 87 percent of all incidents of onlinecrime, according to a new study released Tuesday by eMarketer As part of its "ePrivacy & Security Report," eMarketer also found that morethan 34 percent of Internet users have been targeted by a Web-based privacyor security breach. Moreover, the study estimates that the averag...
Does the decision by Internet giant Yahoo! to start charging its users auction listing fees mark the beginning of the end for free Internet services and content? Starting Wednesday, Yahoo! began assessing fees of up to US$2.25 for auction listings, based on the starting and reserve prices of the items offered. The change is one of several steps Yah...
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