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The Texas Attorney General's Office confirmed Wednesday that a Walt Disney Co. subsidiary has offered to pay bankrupt e-tailer Toysmart.com US$50,000 to destroy its customer database, including personal information about shoppers, shopping preferences and browser histories If the offer, set to be filed Wednesday, is approved by U.S. Bankruptcy Cour...
Priceline.com(Nasdaq: PCLN) has agreed to settle twopatent infringement lawsuits it filed against Internet travelcompetitor Expedia (Nasdaq:EXPE) and MicrosoftCorp., according to a joint statement released bythe companies Tuesday The lawsuits, which were filed in October 1999 in a U.S.district court in Connecticut, alleged that Expedia andits then-...
Quokka Sports, Inc. (Nasdaq: QKKA) fell 0.12 to 0.50 Tuesday after the onlinesports company said fourth-quarter revenue will be below previous estimates Merrill Lynch analyst Henry Blodget reportedly downgraded Quokka to neutralfrom accumulate following the news, saying the company will need to raiseadditional cash in order to stay in business....
Shoppers spent US$878 million online in the week after Christmas, helping to push total sales during the holiday season to $10.7 billion, according to a study released Tuesday by Goldman Sachs and PC Data Online Sales for the last week in December increased 60 percent over the $542 million spent during the same period in 1999. The burst of spending...
Lending Tree, Inc. (Nasdaq: TREE) was up 0.06 at 3.25 Wednesday, building on a Tuesdaygain, after the online lending company said it will post a profit -- beforeincome taxes, depreciation and amortization -- by the first quarter of 2002,five months earlier than previously expected The Charlotte, North Carolina-based online loan marketplace and loan...
Barnesandnoble.com (Nasdaq: BNBN) was down 0.406 at 2.0 early Wednesday after the online bookseller said its acquisition of Fatbrain.com will crimp results The New York-based e-tailer said sales for the fourth quarter rose 36percent from a year earlier to more than US$103 million, while full-year salesrose about 65 percent to $318 million....
In December, the job placement firm of Challenger, Gray and Christmas released a report saying that Internet job losses had increased for seven straight months, and that more than 40,000 dot-com jobs had disappeared in a 12-month period The sheer number of layoffs have gotten most of the attention from industry observers, for good reason. On the ot...
Egghead.com now says that the credit card numbers that were in its system when it was hacked over the holidays were not stolen. The bad news is that it took Egghead more than two weeks to assure its customers of this fact. On a scale of 1 to 10, this customer service disaster has to rate at least a 9.
Of all the e-commerce pioneers that have tried to appeal to the public, perhaps none has had such an arduous climb as luxury e-tailers After all, how much do we expect a customer who has made shopping at Saks Fifth Avenue in New York City a part of his or her regular routine to transfer the experience online? Much of the joy of luxury shopping has ...
Of all the e-commerce pioneers that have tried to appeal to the public, perhaps none has had such an arduous climb as luxury e-tailers After all, how much do we expect a customer who has made shopping at Saks Fifth Avenue in New York City a part of his or her regular routine to transfer the experience online? Much of the joy of luxury shopping has ...
Of all the e-commerce pioneers that have tried to appeal to the public, perhaps none has had such an arduous climb as luxury e-tailers After all, how much do we expect a customer who has made shopping at Saks Fifth Avenue in New York City a part of his or her regular routine to transfer the experience online? Much of the joy of luxury shopping has ...
Online grocer Webvan (Nasdaq: WBVN) warned Tuesday that its fourth-quarter revenue will fall short of expectations, but said that it anticipates a lower-than-expected loss per share The Foster City, California-based company said that it believes fourth quarter losses will be approximately 23 cents per share, with revenues of approximately US$84 mil...
Adding more figures to what has become a blur of holiday projections and pronouncements, a preliminary report released Monday by the Boston Consulting Group (BCG) and Shop.org shows that online revenues for the 2000 holiday season were up 76 percent over the previous year Revenues did not rise as dramatically as the 300 percent increasebetween 1998...
Although an increasing number of Internet users have turned to the Web tomake sense of wild stock market swings in recent months, many consumer investorshave grown dissatisfied with financial services sites, according to a report released Tuesday by Gartner Group-owned research firm cPulse By the third quarter of2000, 40 percent of those polled sai...
Internet-based home delivery service Kozmo.com joined the long list of e-commerce companies to announce layoffs Monday, announcing that it willcut 120 workers and cease services in two U.S. cities Kozmo immediately stopped its operations in San Diego, California and Houston, Texas.
Amazon.com (Nasdaq: AMZN) issued a preliminary report Monday about its fourth-quarter performance that showed holiday sales were not strong enough to power results past Wall Street estimates, reportedly prompting analysts at three securities firms to downgrade the stock The Seattle, Washington-based e-tailer said Monday it expects net sales for the...
BEA Systems, Inc. fell 7.19 to 46.44 Monday following reports that analystsat Wit Soundview and Prudential Securities issued cautionary notes on thestock At Prudential, analyst John McPeake reportedly lowered his price target forthe stock to US$85 from $100, while maintaining a strong buy rating....
WebMD Corp. (Nasdaq: HLTH) rose 0.72 to 8.34 Monday after the Internethealth company said it will lose less money in the fourth quarter thanpreviously thought Chief executive officer Martin J. Wygod said preliminary calculations show theloss before depreciation, amortization, restructuring and related expenseswill be US$50 million to $55 million, r...
i2 Technologies, Inc. was up 1.19 at 41.94 early Tuesday after the e-commercesoftware maker said fourth-quarter revenue and earnings will beat analysts'forecasts i2 said it expects revenue to top US$370 million, which is above the $342 millionpredicted by analysts. Revenue for the full year, the company said, will bemore than $1.1 billion, as licen...
MVP.com announced Monday that it has laid off 36 more employees as part of a restructuring plan the online sports e-tailer began in December, when it laid off 79 people MVP.com spokesperson Paula Davis told the E-Commerce Times that the layoffs were across all departments and all levels. The sports e-tailer, backed by athletic superstars Michael Jo...
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