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Xpedior, Inc. (Nasdaq: XPDR) fell 7/32to 1/2 Tuesday after the Internet consulting company said it will close someunprofitable offices, cutting about 380 jobs The Chicago, Illinois-based consultant said it will focus on such key markets asretail and distribution, telecommunications, and financial services, a movedesigned to emphasize its strengths ...
Apple Computer Corp. (Nasdaq: AAPL)plunged 2 3/8 to 14 5/8 in the first few minutes of trading Wednesday afterthe Cupertino, California-based computer maker became the latest to warn thatslow sales will hurt quarterly results Apple said "significantly slower than expected sales" of its products in thepast two months will result in revenue and earni...
Americans spent US$1.3 billion online during the week surrounding Thanksgiving, an increase of 140 percent over the same week in 1999, according to a survey released Tuesday by Goldman Sachs and PC Data Goldman Sachs analyst Anthony Noto said that early indications point to holiday online sales doubling the numbers from the 1999 holiday season....
To prevent the potential loss of over 5.2 million customers duringthe holiday season, Kmart-backed discount e-tailer BlueLight.com said Monday it is buying select assets from its defunct free Internet access provider, Spinway.com As part of the acquisition, BlueLightwill hire about 30 Spinway employees to operate the free ISP as an independent Blue...
Just two weeksafter announcing changes in its executive team,controversial Web advertising giant DoubleClick(Nasdaq: DCLK) is laying off some 5 percent of its 2,100-person workforce. DoubleClick director of corporate communications Jennifer Blum would notconfirm the number of employees being let go, but the figure issaid to range between 100 and 1...
U.S.-based online shoppers who buy products from other countries riskbecoming ensnared in the intricate legalities thatgovern overseas purchases and importation, warned the U.S. Customs Service in an alert issued Monday "Shopping on the Internet seems quick and easy, but buying gifts or othergoods online from a foreign source turns the shopper into...
Amid efforts to rebuild its stock value, CyberCash (Nasdaq: CYCH) on Tuesday unveiled a new version of its online payment system aimed at the business-to-business (B2B) marketplace. CyberCash said several e-business companies, including YourAccounts.com, Oracle, IBM and Intershop, have agreed to integrate the company's payment options into their e...
Defunct e-tailer Pets.com announced Monday that it has signed a non-binding letter of intent to sell its domain name and related trademarks to rival PetSmart.com Along with the valuable Pets.com name, PetSmart will acquire various other URLs currently owned by Pets.com. Pets.com declined to say which names it is selling, but its URL holdings includ...
3Com Corp. (Nasdaq: COMS) was down 3 3/16at 9 9/16 early Tuesday after the company became the latest high-tech company to predict a revenue shortfall for the coming quarter The Santa Clara, California-based maker of networking equipment said revenuefor the second quarter ended December 1st will be US$785 million to $800million, below previous expec...
Online privacy groups in the United States and the United Kingdom have asked government regulators, including the U.S. Federal Trade Commission (FTC), to investigate whether Amazon.com (Nasdaq: AMZN) is deceiving customers and breaking privacy laws The Electronic Privacy Information Center (EPIC) and Junkbusters said in letters made public Monday t...
I was waffling on whether or not to support Napster until I heard Tony Bennett is a Napster man. This may not be fair, but in my mind I started lining up the musicians on both sides of the argument For Napster: Bennett, Chuck D of Public Enemy, Ice-T, Don Henley, Bruce Springsteen, Sheryl Crow....
Excite@Home (Nasdaq: ATHM) was up 1/4 at6 1/8 early Tuesday after the provider of high-speed Internet accesscalled off plans for a joint venture with the Chello Broadband unit of Dutch broadband provider United Group The deal would have formed a new broadband subscriber company, Excite Chello, to operate in international markets....
Ariba, Inc. (Nasdaq: ARBA) rose 1/2 to 617/16 Monday after the company said Sprint PCS (NYSE: PCS) has begun usingits business-to-business (B2B) e-commerce platform for buying supplies andservices Sprint PCS, a Kansas City, Missouri-based provider of digital telephoneservices, is using the Ariba Buyer to speed purchases for its networkoperations, s...
British law enforcement agencies are seeking the right to log every e-mail and phone call within the United Kingdom, according to a report by the deputy director general of the National Criminal Intelligence Service (NCIS) The agencies are proposing that as a "matter of urgency," communication service providers (CSPs) should be required to maintain...
To hear the folks at Amazon.com explain it, the two recent outages that took their main shopping site down for 15 to 30 minutes each, right smack in the middle of the day, are nothing to be alarmed about. In attempting to explain the first spate of downtime, which came on the day after Thanksgiving no less, Amazon spokespeople relied on euphemisms...
Enticed by low costs and enhanced targeting options, more retailers are choosing to spend the majority of their holiday advertising dollars online, according to a pair of studies released Monday There were 19 billion total online ad impressions from October to mid-November, a 250 percent increase over the same period last year, according to the lat...
Collaborative Media, Inc., which last week became the first e-commercecompany to face a union vote by its workers, said Friday it would release 28 of its127 employees, or 22 percent of its workforce According tocompany president and chief operating officer Lew Brown, the decisionwas made two weeks ago and was unrelated to the union effort.
Net advertising firm DoubleClick, Inc. (Nasdaq: DCLK) fell 1 7/8 to 13 1/16 Friday, and Web content and portal giant Yahoo! dropped 11/16 to 38 15/16, following reports of analyst concerns about the online advertising market S.G. Cowen reportedly lowered revenue estimates for the companies to reflecta decline in Internet ad spending. Prudential Sec...
Online auction giant eBay (Nasdaq: EBAY) is denying that it is in talks to buy business-to-consumer auction house uBid, according to a report published Sunday. The business news weekly Barron's reported that the two auction firms have held talks in recent months. While eBay refused to comment directly on the report, Reuters quoted an unnamed sourc...
Amazon.com (Nasdaq: AMZN) was up 13/8 at 26 early Monday after Goldman Sachs repeated a trading buyrecommendation on the stock "With three important weeks remaining, Amazon appears on track for a strongQ4," wrote Goldman analyst Anthony Noto. Sales of products other than books,music and videos are strong, and are likely to make up a "significantlyg...
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