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MyPoints.com (Nasdaq: MYPT) was up1/32 at 1 7/32 early Friday after the company said its chief operatingofficer resigned The San Francisco, California-based company, which operates online customer-loyaltyprograms, said president Layton Han will take responsibility for thecompany's day-to-day operations after COO Chaz Berman leaves "to pursue otheri...
3Com Corp. (Nasdaq: COMS)was up 19/32 at 7 25/32 early Friday after thecompany announced better-than-expected results for the second fiscalquarter and said it plans to operate its carrier networks business as aseparate subsidiary The Santa Clara, California-based maker of networking equipment said revenuefor the quarter totaled US$789.5 million, in...
Bluefly (Nasdaq: BFLY) rose 9/32 to 23/32 Thursday after the e-tailer said revenue for the fourth quarter will be about 90 percent above the US$3.04 million seen in last year's fourth quarter The New York-based company, which sells designer fashions and home furnishings at discount prices, also expects its average order size and customer base to re...
NetCreations, Inc. (Nasdaq: NTCR) rose 2 9/32 to 6 21/32 Thursday after thee-mail marketing company said an unidentified suitor offered to buy thecompany for US$7 per share, beating a pending offer from DoubleClick(Nasdaq: DCLK) NetCreations said directors found the other offer "superior," and notified DoubleClick that the agreement was off unless ...
Weren't we all supposed to be paying our bills with a simple point and click by now? Weren't the bricks and mortar of the traditional banking world supposed to fade away, like the rotary phone and the television knob?What happened to all those optimistic techno-prognosticators who told us that an inordinate number of Americans would be banking online by 2001?...
Online retail sales reached unprecedented levels in November, according to a pair of reports released Thursday One study, the latest National Retail Foundation (NRF)/Forrester Research Retail Index, found that total online spending increased to US$6.4 billion in November, up from $4.4 billion in October....
With an eye toward appealing to the bargain-hunting segment of the Web population,Amazon.com said Wednesday it will open an Internet outlet mall during the post-Christmas shopping week According to the company, the Amazon.com Outlet will provide online shoppers with a single location to shop for bargains, but will not offer cheaper prices than Amaz...
Approximately 27 million consumers who had planned in October to purchase holiday gifts on the Internet have since changed their mind, according to a study released Thursday by the Boston Consulting Group and Harris Interactive Research conducted in October found that 70 percent of Internet users planned to do some part of their holiday shopping ov...
In what could be a good omen for the overall health of holiday e-tailing, Outpost.com (Nasdaq: COOL) announced Wednesday that revenue for its third quarter more than doubled over last year. "We are in the midst of the important holiday sales season and our business is strong," said Outpost president Kate Vick, who took the helm when former preside...
Although Internet advertising revenue during the third quarter experienced a 63 percent rise compared to the same period in 1999, earnings slid 6.5 percent below second quarter 2000 totals, according to a study released Wednesday by the Internet Advertising Bureau (IAB) and PricewaterhouseCoopers The US$138 million decline was the first time such e...
VitaminShoppe.com (Nasdaq:VSHP) rose 7/16 to 3/4 on Wednesday after the vitamin e-tailer said itsmajority shareholder offered to acquire the shares it does not already ownfor US$1 in cash apiece The proposal from the shareholder group, VitaminShoppe Industries, Inc., issubject to board and shareholder approvals, as well as the signing of adefinitiv...
CMGI, Inc. (Nasdaq: CMGI) fell 32/32 to 517/32 Wednesday following reports that executives at the company's annualmeeting failed to reassure shareholders about prospects for the future Chairman David Wetherell reportedly told shareholders at the meeting thatdirectors had rejected an offer he made to step down, and that the board wassearching for a ...
Beleaguered name-your-price e-tailer Priceline (Nasdaq: PCLN) got an early Christmas present Wednesday when the Connecticut Better Business Bureau (BBB) announced it had reinstated the company's membership The Connecticut BBB expelled Priceline in September after reportedly receiving more than 300 complaints about the e-tailer, ranging from misrepr...
Yahoo! Inc. (Nasdaq: YHOO) closed down1/16 at 27 15/16 Wednesday after a pair of analyst downgrades pushed thestock as low as 25 1/2 in intraday trading Analysts at CIBC World Markets and US Bancorp Piper Jaffray lowered theirratings on the stock to buy from strong buy amid increasing signs that aslow economy is putting pressure on Internet adverti...
With the nomination Wednesday of Don Evans as U.S. Secretary of Commerce by President-elect George W. Bush, many e-commerce analysts are wondering how the potential new Cabinet member will affect the New Economy. So far, little is known about the technology views of Evans, who is reportedly one of Bush's closest friends....
High-tech stocks continued to get slammed Wednesday after a batch of analyst downgrades and corporate earnings warnings ignited an investor selloff, toppling the major indices The Nasdaq composite stock index fell 178.78, or 7.12 percent, to 2332.93, its lowest close in 20 months and its seventh straight session decline. The E-Commerce Times stock ...
On my father's 80th birthday, he announced that he felt he had outlived himself "I don't know a dot-com from an intercom," he said. "The whole computer thing has just left me in the dust."
Digital currency site Beenz said Tuesday that it is laying off 25 employees from its New York City and San Francisco, California offices and will close some of its other offices The company said that the cuts came after an in-depth analysis, including a strategic review of its global business operations....
Spurred on by the success of Stephen King's e-book experiment and low distribution costs, the digital book industry in the United States is set for an explosion over the next few years, according to a report issued Tuesday by research firm IDC The report, "Electronic Publishing Forecast and Analysis, 2000-2004: Digital Books and Print on Demand," p...
Most online financial services have yet to gain a foothold among consumers, according to a study released Wednesday by business services firm Mercer Management Consulting As part of its report, Mercer found that the number of Internet users who had purchased insurance, loans or mortgages online lagged far behind those who bought computer hardware, ...
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