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More than 4,800 employees of dot-com companies lost their jobs in September, making it the busiest month so far this year for pink slips in the Internet economy, according to a new report Chicago, Illinois-based executive search firm Challenger, Gray & Christmas, Inc., which has been conducting its informal tracking of dot-com layoffs for nearly tw...
Retailers relying on a combination of physical stores, catalogs and Web sites tend to do more business than those that offer just one option, according to a study conducted for the National Retail Federation (NRF), the trade group representing the retail industry "Multi-channel retailers who can effectively harness the power of cross-channel integr...
A number of leading U.S. e-commerce merchants and payment processing companies announced Monday the formation of the Worldwide E-Commerce Fraud Prevention Network, an industry coalition aimed at reducing Internet-based fraud The coalition, which includes American Express, Buy.com and Expedia, intends to use the newly formed network to share fraud p...
A proposed law that would have forced businesses operating in California to charge sales tax for online transactions within the state was vetoed Monday by Governor Gray Davis Concurrently, Davis signed a bill extending California's moratorium on Internet access taxes for three years, although the latter bill would have become law only if the Intern...
The U.S. government launched its FirstGov Web site Friday, providing a single point of entry to its more than 20,000 Web sites "It's just the beginning," said David J. Barram, administrator of the General Services Administration (GSA), adding that FirstGov is a place where you can "plan your vacation or plan your life." ...
NBC Internet, Inc. (Nasdaq: NBCI) unveiled a new Internet portal Monday that consolidates the company's consumer Internet properties under a single name, showcasing their affiliation with NBC's television networks The new NBCi.com site, which is being publicized through a large television advertising campaign that began during the Olympic Games, co...
In a move aimed at making wireless Web devices that combine the assets of a cell phone, personal organizer and Internet device in one, Palm, Inc. (Nasdaq: PALM) and Motorola (NYSE: MOT) announced a development alliance on Monday The first joint product, a "smart phone," should be ready in early 2002, the two companies said. The new phone will combi...
It's not news that profits are the latest craze in the world of e-commerce and high-tech in general. Chances are you're sick of hearing the word given the number of times it's been uttered since the Nasdaq tried to buck loose all the profitless cling-ons earlier this year But the "p" word hasn't lost its power. It's inescapable. Look at the diverge...
Back-to-school activity boosted online spending in August, according to a new study released by the National Retail Federation and Forrester Research (Nasdaq: FORR) "Apparel and footwear were among two of the largest-growing, small-item categories in August, which we attribute to school starting up again," said David M. Cooperstein, research direct...
In an effort to halt the sale of firearms over the Internet, President Bill Clinton announced on Saturday the launch of the "eZ Check'' firearm license verification system on the U.S. Bureau of Alcohol, Tobacco and Firearms (ATF) Web site Designed to prevent criminals and juveniles from using fraudulent licenses to buy firearms, eZ Check will allow...
Moreover, if traditional retailers are in fact looking before they leap online, then the Net startup community had better become accustomed to it According to IDC analyst Barry Parr, "Brick-and-mortar conversions are an ongoing process -- it's like installing phones or reserving a toll-free 800 number. Going online is just something a company has t...
Not so long ago, the dot-com startup myth held that a young entrepreneur with great ideas, access to the Internet and not much else could step into a world of venture capital. A company would make or sell or provide something, and then hold a much-publicized IPO or, better yet, be acquired by a larger firm for record setting sums of money. The young gun who started a business right out of school could quickly rise to the ranks of the dot-com millionaires...
Universal Music Group (UMG) has entered into a non-exclusive licensing agreement with Loudeye Technologies to digitally store and encode its entire U.S. catalog of audio and music titles Loudeye said that it will initially begin streaming 30- and 60-second audio and video sample clips from selected Universal properties. The company eventually plans...
Though his company's stock has been clobbered on Wall Street, Bill Gates retains his title as America's richest man, according to Forbes Magazine Gates, the 44 year-old chairman of Microsoft Corp. (Nasdaq: MSFT), checked in at $63 billion (US$), down from $85 billion a year ago, a drop of more than 25 percent.
The auction began innocently enough. The owner of F**kedcompany.com, one of the earliest and, truth be told, most entertaining chroniclers of the dot-com shakeout, reportedly woke up feeling a tad bored with his endeavor So Philip Kaplan surfed over to eBay and put his company on the block. Apparently feeling bored as well as lucky, he set an openi...
Internet incubator CMGI, Inc. (Nasdaq: CMGI) reported a smaller-than-expected loss for the fiscal fourth quarter as revenue from its search engines soared CMGI chairman and chief executive officer David Wetherell also said the company will go ahead with the initial public offering (IPO) of its AltaVista unit by the end of Q1 2001.
A report released Thursday by Jupiter Research predicts that by 2005, more than 40 million U.S. households will pay at least part of their bills using online bill paying services The report also advises banks to "forgo selfish interests" and form alliances with online electronic bill payment and presentment services (EBPP).
Michael Dell, founder and chief executive officer of Dell Computer Corp. (Nasdaq: DELL), told an audience at his company's DirectConnect customer event in Texas on Thursday that businesses have failed to maximize productivity and profits from the Internet Dell was reacting to a study, co-sponsored by his company and the Center for Research in Elect...
Online grocer Webvan (Nasdaq: WBVN) announced Friday it will delay its scheduled expansion and a planned distribution center move in order to concentrate on obtaining profitability and integrating its systems with those of acquired rival HomeGrocer.com "For the near term, Webvan's energies will be directed toward our integration into a single brand...
Concern over health complications due to radiation emissions from cell phone handsets has also dampened enthusiasm for expanding their use. Last June, the World Health Organization called for further testing to assess the potential risk Growing alarm over the connection between cell phone use and traffic accidents is adding fuel to the m-commerce r...
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