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Engage, Inc. (Nasdaq: ENGA) picked up 0.06 to 1.19 Thursday after thecompany, which provides online marketing software and interactive mediaservices, said it will lay off half its employees in a move to cut costs Engage said it plans to integrate its businesses and operating units into a"single, cohesive organization," with an increased focus on so...
Ashford.com (Nasdaq: ASFD) was up 0.093 at 0.562 in early trading Friday, a20 percent gain, after the luxury goods e-tailer announced a renewedalliance with Amazon.com (Nasdaq: AMZN) Ashford said it will continue to offer Amazon's more than 25 millioncustomers a range of goods through the end of 2001. Ashford said it will payAmazon cash in exchange...
Is there any truth to the rumor that DotComGuy changed his name again -- to ObviousGuy? The fact is that when he emerged from his self-imposed cyber-captivity, the world reacted with deafening silence, a big old yawn.
Toysrus.com announced Thursday that its online sales for the nine weeks leading up to Christmas totaled US$124 million, a 218 percent increase over the previous year's holiday season The good vibes coming from Toysrus.com differ considerably from those of 12 months ago, when it was one of several e-tailers that drew heavy fines from the U.S. Federa...
In a bid to capture a share of the emerging market for electronic books, Barnesandnoble.com (Nasdaq: BNBN) said Thursday that it has created an e-publishing division that will offer authors a royalty rate higher thanthe rates offered by other publishers The move will "create a direct link between authors andtheir readers" and give authors a greater...
FairMarket, Inc. (Nasdaq: FAIM) fell 0.12 to 1.56 Wednesday after thecompany, which provides dynamic-pricing services for companies doing business online, said fourth-quarter revenue will be below previousexpectations as it writes off some "doubtful accounts." Still, the Woburn, Massachusetts-based company said it expects asmaller operating loss fo...
Inktomi Corp. (Nasdaq: INKT) was down 2.69 at 15.81 early Thursday afterthe company warned that revenue and earnings for the first quarter endedDecember 31st will be below previous expectations The Foster City, California-based maker of Internet software said revenuefor the quarter will be US$80 million to $81 million, up 121 to 124 percentover las...
Yahoo! Inc. (Nasdaq: YHOO) rose 2.75 to 30.94 Wednesday, erasing an earlyloss following reports that analysts praised the company's decision tocharge listing fees for its auctions U.S. Bancorp Piper Jaffray repeated a buy rating on Yahoo!, saying theannouncement signifies the "start of monetization for a host of free Yahooservices" and could add 5 ...
A surprise move Wednesday by the U.S. Federal Reserve to cut interest rates from 6.5 percent to 6 percent caused high-tech stocks to skyrocket during the day's second half of trading The Nasdaq composite stock index surged 324.83, or 14.2 percent, to close at 2616.69. The rally represented the largest one-day point and percentage gain in Nasdaq his...
Okay, the ornaments are put away, the champagne inventories are depleted, and it's time to get on with it. E-commerce, hung over from a rough year-end, must pick itself up and move forward. But how? Can we get it right this time, brothers and sisters? Can we generate some profits, some goodwill and some trust in the online shopping process?...
Hopefully, the major players in e-commerce have already made their most important resolutions -- No. 1 being to survive another year -- but I'd like to request one final promise No whining in 2001.
The new year has yet to bring many happy returns for high-tech stocks, whichcontinued their stumble Tuesday amid long-standing earnings fears andconcern about a cooling economy The Nasdaq composite stock index fell almost 178.66, or 7.23percent, to 2291.86, its lowest close since March 1999. The decline represented theseventh-largest percentage fal...
Troubled toy e-tailer eToys (Nasdaq: ETYS) announced Wednesday that it is shutting down its European operations as of January 19th because of the "disappointing recent performance of the company as a whole" and poor market conditions. The move comes despite the company's status as the No. 1 toy e-tailer in Europe. eToys Europe marketing director J...
Last year, 210 Internet firms -- more than half of them e-commerce companies -- ceased operations, according to a report released Wednesday by merger and acquisitions tracking firm Webmergers.com. Webmergers said that 109 e-commerce firms folded their tents in 2000, along with more than 60 content sites. The rest of the failures were in the infras...
Embattled e-tailer Priceline.com and insurance holding company W.R. Berkley Corporation announced Tuesday that they have shelved plans tosell automobile insurance over the Internet, saying that current marketconditions are "not conducive to creating the new business." The companies, which are both headquartered in Connecticut, initiallyagreed to th...
Responding to pressure from anti-hate groups and concerned users, Yahoo! announced late Tuesday that beginning January 10th, it will ban auctions of Nazi artifacts and other items "that are associated with groups which promote or glorify hatred and violence." Although the Santa Clara, California-based Internet powerhouse said that the move was not...
Open Market, Inc. (Nasdaq: OMKT) closed Tuesday at 1 3/8, up 9/32, after thee-business software maker announced an alliance with IBM Burlington, Massachusetts-based Open Market said the agreement with IBMGlobal Financing will allow it to provide customers with the option tofinance hardware, software, maintenance and training....
WebMD (Nasdaq: HLTH) slipped 5/16 to 7 5/8 Tuesday after the onlinehealth company restructured a year-old partnership with News Corp.,eliminating a pair of joint ventures The move, part of a plan by WebMD to get rid of strategic partnerships thatare not likely to benefit the company, will result in a US$275 millioncharge to its fourth-quarter earni...
Global Sports, Inc. (Nasdaq: GSPT) was up 1/2 at 6 3/16 early Wednesday after the company, which develops and operates online sporting goods businesses,said it expects fourth-quarter results to exceed analysts' expectations The King of Prussia, Pennsylvania-based company said sales for the quarterended December 30th will be higher than the US$19.3 ...
In what could be the most optimistic in a flood of e-holiday sales estimates,a study released Tuesday by Goldman Sachs and PC Data Online shows thate-tailers managed to rack up almost US$10 billion during the just-concluded season The report said that from the first week in November through December 24th, holiday shoppers spent $9.8 billion online,...
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