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The U.S. Securities and Exchange Commission (SEC) has settled its lawsuit against an e-tailer it said raised approximately $3.8 million (US$) from investors by touting false information about plans for an initial public offering (IPO) Austin, Texas-based 1stBuy.com, Inc. and its founder and chief financial officer, Roger D. Pringle, made "false and...
Despite the popular conception that Europeans distrust e-commerce, a new survey by Jupiter Communications reveals that lower prices, not tighter security, would motivate European e-shoppers to spend more online The survey, conducted in partnership with European research firm Ipsos, also found that Internet usage varies widely as established online ...
Internet advertising companies and Web sites should disclose their placement of "Web bugs" to ease users' concerns that their online moves may be unknowingly tracked, according to a new proposal presented on Wednesday by the Privacy Foundation The nonprofit watchdog group said at the Global Privacy Summit in Washington, D.C. that its set of regulat...
Yahoo! (Nasdaq: YHOO), along with specialty financing company Medallion Financial Corporation (Nasdaq: TAXI), sent New York's first Internet-enabled taxicabs into the streets of the city Thursday The six month pilot program launched with 10 yellow and purple Yahoo! Internet taxicabs, each equipped with Palm, Inc.'s Palm VII handheld computer. Inter...
With much less fanfare than past releases, Microsoft Corp. (NYSE: MSFT) officially launched its Windows Millennium Edition, known as "Windows Me," Thursday morning The latest version of Microsoft's ubiquitous Windows operating system (OS), however, is drawing criticism in the industry because it offers only limited advantages over Windows 98.
Furthering the trend toward e-tail consolidation, Barnesandnoble.com (Nasdaq: BNBN) announced late Wednesday that it will purchase online professional and technical bookseller Fatbrain.com (Nasdaq: FATB) in a deal worth roughly $64 million (US$) After the deal closes, the Santa Clara, California-based Fatbrain.com will become a wholly owned subsidi...
America Online, Inc. (NYSE: AOL) has announced the creation of a "Bargain Basement" area on its Web site, with brand-name clothes, consumer electronics, housewares and other items offered at prices up to 80 percent below retail AOL also said it made an equity investment in SmartBargains, a new company signed to be a premier Shop@AOL merchant partne...
Internet auctions have become a place for businesses of all sizes to make money -- to the tune of nearly $55 billion (US$) in sales a year. Still, the leading auction sites have retained something of their original flair as a place for passionate collectors of odds and ends to exchange prized possessions. Of course, with that spirit of "anything goes" comes the lunatic fringe.
Everyone must be stupid. That's the only conclusion possible in light of the recent report released by the General Accounting Office (GAO) on the lamentable state of U.S. government Web site security Certainly, the 24 government agencies reviewed must be stupid. The GAO report said they have "serious and widespread weaknesses" in spite of the fact ...
The shakeout shark may not be finished gobbling up little dot-coms just yet, but for reasonably cautious investors, the news is good: It's safe to go back into the water True, the freewheeling days of the "anything goes" Internet IPO are long over, but that era was too surreal for comfort, anyway. Now that the hyperactive market has cooled, it is r...
Two noted privacy watchdog groups have ended partnerships with Amazon.com over recent changes in the online bookseller's privacy policy The Electronic Privacy Information Center (EPIC), a Washington, D.C.-based research center, announced Wednesday that it will no longer be selling any of its publications in association with Amazon.
F**kedCompany.com, a three month-old satiric Web site that tracks the demise of dot-coms, has set the online auction world on its ear this week by attracting bids in excess of $3 million (US$) on eBay The "dead pool of dot-coms" drew 68 bids Monday, its first day up for sale. The auction is scheduled to close September 20th.
Prediction: It won't be long before marketing consultants start telling startups eager to get into the public eye, "Do something really reckless, really stupid. Stupid enough to get yourselves sued." It'll be called "the Napster Strategy," and pretty soon, accounting software will be available to weigh its costs and benefits. "Sure, a slight miscal...
Presenting the biggest change in the Mac operating system in 16 years, Apple Computer (Nasdaq: AAPL) released the public test version of its new Macintosh computer operating system Wednesday The long-awaited Mac OS X has the same overall look as other Mac operating systems, but offers new Internet and graphics technologies, as well as new colors.
In a bid to provide tighter security for e-commerce and other transactions, Visa U.S.A. rolled out its new digital-based "smart card" on Tuesday. The smart card will store customer identification and account information within a microprocessor chip, and only smart card readers will be able to access the secured data In addition, the card will inclu...
Manufacturers and shippers need to shore up weak supply links or risk crumbling under the surging demand of a global e-commerce market that is set to skyrocket to $6.8 trillion (US$) by 2004, warn two new reports from Forrester Research The studies, "Manufacturing Deconstructed" and "Delivering The Global Goods," found that the networking processes...
America Online (Nasdaq: AOL) said Wednesday it will launch a free portal aimed at helping millions of small businesses get online and use the Web for advertising, selling and gathering information Offered through AOL subsidiary Netscape, Netbusiness will be made available across a host of AOL-owned sites, including Netscape's Netcenter, AOL's WorkP...
A study released Wednesday by online research firm Jupiter Communications says that kids and teens will only spend $4.9 billion (US$) online in 2005, but the research they do online will drive an estimated $21.4 billion in offline spending The study, released during Jupiter's Digital Kids Forum in San Francisco, California, said that although teens...
Nearly two-thirds of Canadian retailers believe they are lagging behind their U.S. counterparts when it comes to e-commerce, according to IDC Canada's "National Online Retail Industry Study." The report, co-sponsored by Microsoft Canada and Compaq Canada Inc., also found that barely 50 percent of the 132 retailers surveyed have a clearly defined st...
The eBay auction of F**kedCompany.com, a three month-old satiric Web site that tracks the demise of dot-coms, has been canceled after sparking a media frenzy and attracting bids in excess of $3 million (US$) The "dead pool of dot-coms" drew 68 bids Monday, its first day up for sale. The auction had been scheduled to close September 20th.
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