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New data from research firm Media Metrix shows that while the Net is still generally dominated by those with higher incomes, the number of U.S. users with low incomes is growing faster than any other group The Internet presence of those in the under-$25,000 (US$) income bracket grew nearly 50 percent between June 1999 and June 2000, the study said....
The U.S. Federal Trade Commission (FTC) announced Monday that operators of over 180 Web sites offering "credit repair" services were put on notice that their claims may violate state and federal laws The crackdown comes after investigators from over 45 government law enforcement agencies and private consumer protection groups spent a day in July su...
As dot-coms mature, so do the pay practices of the online industry, according to the Unifi Network Internet Compensation Survey 2000 released Tuesday According to the survey of 123 companies, dot-coms have increasingly adopted short-term incentives and bonus plans that are tied to more traditional business performance metrics -- such as increased r...
MP3.com, Inc. (Nasdaq: MPPP) and Sony Music Entertainment have settled the copyright infringement suit brought over the My.MP3.com system The deal, announced late Monday, will allow MP3.com to use Sony's music on the MP3.com site, the two companies said. MP3.com reportedly will pay Sony about $20 million (US$) in damages and has agreed to pay a fee...
For anyone who has been involved with e-commerce for any length of time, the experience must feel like a roller coaster ride. The slow, clackety, adrenalized journey upward. The heady weightlessness as you reach the pinnacle. The screaming plunge -- and then, the hope that there is at least one more trip skyward left to go. No doubt, there are ple...
Chip titan Intel Corp. will unveil two new lines of microprocessors this week, including the Pentium 4, the first major upgrade of the Pentium chip since 1995 Intel officials will provide details of the new technology at the Intel Developers Forum, which starts Tuesday in San Jose, California.
Citing horror author Stephen King's e-publishing efforts as proof that consumers are ready for digital publishing, electronic book provider NetLibrary, Inc. has filed to raise $82 million (US$) in an initial public offering Proceeds from the IPO, which will be handled by Credit Suisse First Boston, Deutsche Banc Alex. Brown and J.P. Morgan, will be...
Web portal Lycos took a big step toward making the wireless Internet more accessible when it hooked up with Boston, Massachusetts-based Mobilee to develop a voice portal to the Net. The companies plan to unveil the talking portal before the end of the year Lycos isn't alone. In fact, the "Lycos Anywhere" strategy falls right in line with efforts at...
A strong majority of U.S. Internet users want a guarantee from Web sites that their private information will not be resold, and more than 90 percent favor punishment for executives responsible for privacy violations, according to a new study from the Pew Internet & American Life Project "Internet users want the Golden Rule of the Internet to be: 'D...
In separate industry forums being held in Beijing and Seoul this week, Chinese President Jiang Zemin and South Korean President Kim Dae-jung offered optimistic assessments of the ability of the Internet and e-commerce to change their countries' futures While President Kim's remarks about the need for Asian cooperation to strengthen e-commerce in th...
Online consumer spending has stagnated at a mid-summer plateau, according to figures released Friday by the National Retail Federation (NRF) and Forrester Research The latest NRF/Forrester Online Retail Index shows that online sales expanded steadily from $2.8 billion (US$) in January to over $4 billion in July. However, sales grew from $4.01 billi...
I don't believe in reincarnation. That's too bad, because I'd like to be around in a thousand years or so when a more highly evolved human race pokes through our dismal digital remains and concludes that we were clearly out of our minds Just as some of our contemporaries blame the decline of the Roman Empire on lead dinner plates, future anthropolo...
In order to succeed on the Net, major music labels must quit fighting the digital music revolution and implement their own digital distribution model to support single-track purchases, according to a report released Thursday by the Gartner Group With the days of consumers being willing to purchase an entire CD for one or two tracks now gone, the St...
A ruling from a federal judge that bars a Web site operator from distributing software to descramble DVD codes is being hailed as a major blow against video piracy. U.S. District Judge Lewis A. Kaplan likened his ruling to "eliminating the source" of a contagious disease The suit was brought by The Motion Picture Association of America (MPAA) again...
UK-based online auctioneer QXL (Nasdaq: QXLC) will go ahead with its planned acquisition of Germany's Ricardo.de AG, the companies said Friday, after agreeing on a lower price to reflect a decline in Ricardo shares and financial performance since the deal was first announced in May Ricardo shareholders will get 34 QXL ordinary shares for each of th...
A team of University of California at Los Angeles (UCLA) scientists said Thursday they have come up with a microscopic switch that will speed development of cheap and super-efficient "molecular machines" that could eventually replace computers "A molecular computer will enable us to do things we cannot even imagine now," said UCLA's James Heath.
E-marketplaces are not safe from the current dot-com shakeout that has seen numerous e-tailers fold and others merge, according to a report released Thursday by Forrester Research According to the report, the recent enthusiasm for online markets has created an "unsustainable profusion" of business-to-business (B2B) sites.
The National Rifle Association (NRA) and other opponents of gun control can relax and save their breath. Regardless of the degree to which firearm sales may be regulated in the brick-and-mortar world, anything goes on the Internet. No one has reliable statistics, or even an educated guess as to the total amount of dollars (US$) involved, but there is general agreement that both legal and illegal online gun trafficking is on the rise...
This year's Internet cause celebre, the Pets.com Sock Puppet, goes one better than last year's major ploy, viral marketing For those of you who haven't heard, viral marketing motivates every customer to refer friends and associates, turning customers into salespeople. The Sock Puppet is an advertising spokesperson who turned into a product. Call th...
With all the recent dot-com burnouts, a lot of young high-tech workers are wondering where they can find stable jobs. Many are shying away from startups. They want secure -- make that rock-solid -- positions on career paths that can be measured in generations rather than months Well, they need look no further than a guy in Bulgaria by the name of G...
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