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A new report by research firm Jupiter Communications (Nasdaq: JPTR) predicts that the total dollars (US$) spent by consumers for online and Web-influenced offline purchases will exceed $235 billion this year and top $831 billion in 2005 "Online consumers are a very powerful audience and tend to be channel agnostic," said Ken Cassar, a senior analys...
Judging by the impact on stock prices in recent days, it may take a while for investors to come to terms with the merger of U.S. Web portal Lycos and Spanish ISP Terra Networks, SA But time should smooth the bumps and prove that the deal is a smart long-term move for Lycos, which faced the prospect of always being an Internet also-ran in the United...
The U.S. Department of Justice (DOJ) announced Thursday that it has launched an investigation into the mammoth Internet venture being formed by 30 airline companies The as yet unnamed site, known to insiders as "T2" or "Travelocity Terminator," is owned by Delta Air Lines, Inc., Continental Airlines, Inc., Northwest Airlines Corp., United Airlines ...
A destructive version of the "Love Bug" worm has emerged in Israel, Europe and the United States, but is expected to be contained without widespread damage The new variant, known as "NewLove," works through the Microsoft Outlook Express e-mail system, according to the U.S. Federal Bureau of Investigation (FBI) and several antivirus software manufac...
A Trenton, New Jersey man admitted in federal court this week that he obtained the Social Security numbers of U.S. military officials over the Internet and used them to obtain phony credit cards The Social Security numbers were originally posted by the U.S. government in the online version of the Congressional Record, and were republished on a Web ...
Most e-commerce companies, including pure plays and brick-and-clicks, have come to understand that content is King and that product selection is critical. If a site is poorly designed, however, compelling content and a variety of products do not count for much The dominant players know that ease of use is a core value for e-commerce sites -- Amazon...
In a blistering 73-page response filed Wednesday, the U.S. Department of Justice (DOJ) and 19 states staunchly rejected Microsoft Corporation's proposal for self-imposed remedies to keep its company intact The government told the court that Microsoft's suggested remedies would do nothing to prevent a recurrence of the illegal behavior that led U.S....
Online fashion retailer Boo.com, a splashy symbol of 1999's e-commerce explosion, announced Thursday that it will liquidate its assets after recent failed attempts to get more cash from its backers or find new investors or buyers The high-end clothing retailer, which recently described itself as "the first truly international e-commerce site," said...
A healthy economy and increasing consumer confidence in online shopping combined to push Mother's Day sales to $190 million (US$), according to BizRate.com, an online collective of Internet retailers This year's total is more than twice the $80 million that analysts had projected, and obliterates last year's mark of $14 million. Consumers placed 2....
Just days after Tuesday's announcement that Web portal Lycos, Inc. (Nasdaq: LCOS) will be bought by Spanish ISP Terra Networks, SA (Nasdaq: TRRA), indications are emerging that the deal might not be a foregone conclusion The $12.5 billion (US$) stock deal, which had been imminent for several days, received a cool greeting from investors who were an...
Twelve major chemical companies announced Wednesday that they will form an international business-to-business (B2B) e-commerce marketplace The new online allies -- former rivals in the $1.6 trillion (US$) chemical business -- include four United States companies: Rohm and Haas Co.; Dow Chemicals Co.; DuPont Co.; and Van Waters & Rogers. Other parti...
In order to kill an e-mail rumor that would not die, the U.S. House of Representatives passed a bill earlier this week prohibiting the Federal Communications Commission (FCC) from levying any additional charges on consumers for Internet access The FCC says it had no plans to do so, but amid the frenzy of Internet-related bills moving through Congre...
At a time when most Internet companies are staying out of financial markets, online auto dealer CarsDirect.com, Inc. has filed with the U.S. Securities and Exchange Commission (SEC) to sell shares in an initial public offering CarsDirect, based in Los Angeles, plans to sell $175.2 million (US$) worth of stock at a price yet to be determined. Procee...
U.S. President Bill Clinton has made the so-called digital divide a major focus of his last full year in office, crossing the country three times to carry the message that in order for the nation to continue to thrive, everyone -- regardless of background or income -- must have access to the Internet Clinton and the two major candidates who hope to...
New research by IDC shows that online grocery spending will grow from approximately $200 million (US$) in 1999 to over $8.8 billion by 2004, despite several potential pitfalls along the way According to the Framingham, Massachusetts-based research firm, online grocers will need to spend over $25 million -- mostly to build new fulfillment centers --...
Visual Networks (Nasdaq: VNWK), known as one of the world's leaders in the wide area network (WAN) management services industry, is now making a splash in the highly-lucrative e-commerce infrastructure market. The company is aiming to provide Internet-based businesses with the ability to monitor and respond to the potential loss of profitability due to network connectivity problems. Visual Networks' new strategy may prove to be good news for online businesses, as well as for the company's shareholders...
Thousands of users booted by Napster last week for allegedly swapping copies of Metallica songs online are claiming that they have done nothing wrong and want their access to the music swapping software restored The San Mateo, California-based Napster issued a statement Tuesday saying that more than 30,000 of the roughly 300,000 fans who were banne...
In an attempt to rebuild its tarnished image, DoubleClick, Inc. appointed an independent panel Wednesday that will be responsible for reviewing the controversial Internet advertising company's new products and services for potential privacy violations The company's seven-member "privacy advisory board" includes consumer advocates, security experts ...
Following examples set by the computer, steel, automotive and airline industries, 14 of the world's largest mining companies say they will form an online business-to-business (B2B) exchange to cut procurement costs The companies say they are prepared to invest up to $100 million (US$) in the B2B venture, anticipating that it will dramatically reduc...
According to a new study by the Strategis Group, nearly 33 percent of cell phone users who responded said they would pay an additional $13 (US$) per month or more to surf the Internet on their phones Most cell phone users can afford to pay more to get what they want, according to Strategis. The average household income of the wireless phone users t...
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