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SierraCities.com (Nasdaq: BTOB) rose 1 39/64 to 5 55/64 after the company agreed to be acquired by VerticalNet, Inc. (Nasdaq: VERT) for $133 million in stock. VerticalNet fell 1 11/16 to 27 13/16 The stock swap values SierraCities at $7 per share.
DoubleClick, Inc. (Nasdaq: DCLK) picked up 5/8 to 19 7/8 Tuesday after the online advertiser announced patent litigation settlements with two rivals New York-based DoubleClick said 24/7 Media (Nasdaq: TFSM) and L90 (Nasdaq: LNTY) have settled their respective claims and counterclaims.
America Online Latin America, Inc. (Nasdaq: AOLA) was up 5/8 at 7 early Wednesday after the company beat analysts' estimates for the fiscal first quarter by a penny The company, a joint venture of America Online, Inc. and Cisneros Group, said revenue for the quarter totaled $4.6 million, as the company lost $98.1 million, or 36 cents per share, bef...
Just 17 percent of the 127 million adult Internet users in the United States are sure they want to be able to view their bills online, according to a study released Wednesday by Gartner Group Though online billing has become a "major" industry, almost half of consumers prefer to receive their bills by mail, and the rest are unsure about which metho...
Put furniture on the list. The list, that is, of items that people absolutely, positively and unequivocally do not want to buy online. That is the message, plain and simple, behind the collapse of Furniture.com The list has been fuzzy so far. A few items have been penciled in or listed with question marks alongside. Groceries? Maybe. Gasoline. Well...
eBay (Nasdaq: EBAY) cut 15 percent of the workforce at its high-end Butterfields auction house on Wednesday The San Jose, California auction giant said the move is aimed at bringing the real-world auction house, which specializes in rare items such as celebrity memorabilia and historic firearms, closer to profitability.
Online health products store MotherNature.com (Nasdaq: MTHR) announced Tuesday that its board of directors has approved a plan to liquidate and dissolve the company, making it the third major e-tailer to shut down within two days The announcement by the Concord, Massachusetts-based company did not specify when the company will stop taking orders an...
Business-to-consumer (B2C) e-commerce firms need to focus more on offering items that can be delivered to homes profitably, according to a report released Tuesday by AMR Research The "Report on Supply Chain Management" estimated that $60 to $70 billion (US$) worth of goods will be shipped through various home channels this year. However, it added t...
Amazon.com-backed pet supplies e-tailer Pets.com announced Tuesday that it is shuttering its operations and laying off 255 of its 320 employees The cash-strapped company said it plans to sell off the majority of its assets, including inventory, distribution center equipment, URLs, content and the rights to its "Sock Puppet" marketing mascot.
En Pointe Technologies, Inc. (Nasdaq: ENPT) rose 2 3/4 to 7 7/8 Monday after receiving a contract from the state of Minnesota El Segundo, California-based En Pointe said the contract, which could be worth more than $150 million per year, makes it the information technology solutions provider for the state. The contract runs for two years, with opti...
Click2learn.com (Nasdaq: CLKS) picked up 3/8 to 16 3/4 after W.R. Hambrecht & Co. began coverage of the stock with a buy recommendation. Analyst Trace Urdan expects the stock to reach 27 in a year "In our estimation, Click2learn is one of the very few companies in the market today that can fairly claim to provide the complete end-to-end e-learning ...
Neoforma.com (Nasdaq: NEOF) gained 7/16 to 1 3/4 Monday after the company, which provides e-commerce services to the health care industry, won a contract from Medbuy Corp., the largest medical purchasing organization in Canada San Jose, California-based Neoforma becomes Medbuy Corp.'s exclusive provider of online purchasing services, as the compani...
Razorfish (Nasdaq: RAZF) gained 21/32 to 6 7/32 Monday after the Web design and technology consulting firm said it will help Deutsche Bank build a platform for business-to-business (B2B) financial services marketplaces Stefan Hetges, managing director for Razorfish's Frankfurt, Germany office, called the plan a "groundbreaking project." ...
Microsoft Corp. announced Monday the release of two new products intended to help e-commerce suppliers participate in business-to-business (B2B) e-marketplaces Both new offerings, bCentral Commerce Manager and Supplier Accelerator, are part of Microsoft's E-Business Acceleration program.
A trio of experts, led by "Father of the Internet" Vinton Cerf, told a French judge Monday that it is technologically possible for Internet powerhouse Yahoo! to block French users from U.S.-based online auctions of Nazi memorabilia Saying that 70 to 80 percent of French Web users can be identified through their Internet protocol (IP) address, the e...
Borders.com has passed longtime leader Amazon as the top online bookseller, according to Forrester Research In what Forrester termed "a tight three-way race," Borders achieved a PowerRanking of 66.83 to finish just ahead of Amazon (66.76) and Barnesandnoble.com (65.46). Buy.com came in fourth at 55.52.
Kforce.com (Nasdaq: KFRC) was up 7/32 at 5 early Monday after the Web-based staffing firm said it plans to buy back up to 10 million common shares, or 23.7 percent of the total outstanding. Kforce shares are down from a 52-week high of 18 1/4 Kforce said it will begin a tender offer Monday for the shares at a price between $4.75 and $5.50 each, or ...
Ask Jeeves (Nasdaq: ASKJ) was up 1 11/32 at 16 13/32 early Monday after the Emeryville, California-based company announced a plan to sell businesses a way to handle customer inquiries over the phone using speech-recognition technology Through an alliance with Nuance (Nasdaq: NUAN) and General Magic (Nasdaq: GMGC), Ask Jeeves will develop ways to im...
Three major U.S. corporations said Monday they are teaming with an online realty service to form an Internet business-to-business (B2B) marketplace for real estate transactions Bank of America (NYSE: BAC), IBM (NYSE: IBM) and Prudential Insurance, which together account for some $3 billion (US$) in real-estate transactions each year, said they have...
Furniture e-tailer Furniture.com announced Monday that it has laid off 76 of its 88 employees and will be discontinuing operations The company said the remaining 12 employees will "ensure the professional management of matters relating to the closure, including the review of available options for sale of the company's assets."
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