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With the U.S. presidential election cycle lurching into high gear, both major political parties are stumbling over one another in an effort to take credit for the success of the Internet and e-commerce Each party sees the past decade through a different prism -- Democrats contend that the Clinton-Gore soft touch was responsible for the Net's growth...
Value America, Inc. (Nasdaq: VUSA) announced Thursday that it has received an equity investment of $90 million (US$) from two separate groups, putting the troubled e-tailer on track to reach profitability in 2002 The company also reported a narrower loss for the first quarter, saying cost-cutting measures taken in December helped results.
In an overwhelming show of support for e-commerce, the United States House of Representatives voted 352 to 75 Wednesday to extend the moratorium on Internet-specific taxes -- currently set to expire in October 2001 -- for an additional five years The Internet Nondiscrimination Act also calls for the elimination of a "grandfather'' clause in the cur...
Just weeks after being found liable for copyright infringement, MP3.com (Nasdaq: MPPP) announced Wednesday that it is voluntarily removing "Big Five" record company content from its My.MP3.com database Users will be unable to access music from Arista Records, Inc., Atlantic Recordings Corp., Capitol Records, Inc., Sony Music Entertainment, Inc., an...
Three of the largest European hotel chains announced plans Tuesday to launch a joint venture that will provide online bookings, reservation systems and a business-to-business (B2B) platform for wholesale purchasing Hilton International, Accor SA and Forte Hotel Group, owned by UK media firm Granada Group Plc, said they will make an initial joint in...
A federal judge has refused to dismiss the copyright lawsuit brought by the Recording Industry Association of America (RIAA)against Napster, rejecting the online file swapping company's argument that its service is legal The RIAA sued Napster in December 1999, alleging that the company violates copyright law when its users share music online withou...
Speaking at a meeting of business leaders at the University of California at Berkeley's Haas School of Business Tuesday, U.S. Department of Justice (DOJ) Antitrust Division Head Joel Klein described Microsoft's efforts to crush competition as "the time-tested tricks of the monopolist's trade." Klein staunchly defended the DOJ's recommendation to br...
In a high-profile signing session on Capitol Hill Wednesday morning -- carried live on the Web and followed by an Internet "rally" -- Republican leaders rolled out a list of e-commerce and Internet-related pledges contained in the GOP's eContract 2000 Speaker of the House Dennis Hastert of Illinois and House Majority Leader Dick Armey of Texas emce...
On the surface, a red-hot first quarter for venture capital spending appears to be good news for the e-commerce industry. But while venture capital firms pumped a record amount of money into Internet start-up firms during the first three months of 2000, established e-commerce companies picked up a much smaller percentage of the pie than in the recent past...
The first celebrity-driven film produced exclusively for online distribution made its premiere last week, and the producer says there are no plans to exhibit the film in theatres. "Quantum Project,'' starring British comic actor John Cleese, is available for download from SightSound.com for $3.95 (US$) The 32-minute film blends computer animation a...
A new survey from the Association of National Advertisers (ANA) shows that total Web advertising spending by its member companies has nearly tripled The ANA -- a trade association whose 292-company membership includes such heavy hitters as American Express, BMG Entertainment, IBM, Intuit, Nortel, Sony, Sprint and Symantec -- released results of its...
As estimates of the damage caused by the "Love Bug" virus hover around $10 billion (US$), the U.S. Congress has launched a probe into the causes, effects, and prevention of such attacks "What we'd like to discover is to find out how this virus spread so quickly and what can be done to keep viruses like the Love Bug from striking again," said Jeff L...
Sitel Corporation (NYSE: SWW) announced Tuesday that it has signed a long-term contract to provide technical support and customer care for Cox Communications, Inc. (NYSE: COX) The Baltimore, Maryland-based Sitel said that it will operate from a new contact center in Las Vegas, Nevada to provide its CRM solutions to Cox Communications' data technica...
PlanetFeedback, a new online site that allows users to voice their complaints and compliments to thousands of companies across the United States, selected Synchrony Communications, Inc. to provide its CRM tools and services, the companies said Tuesday The Cincinnati, Ohio-based Synchrony said its CRM applications would allow PlanetFeedback to provi...
Toshiba American Information Systems (TAIS), the independent operating subsidiary of the $52 billion Japanese computer and electronics maker, said Tuesday that it has selected Siebel Systems (Nasdaq: SEBL) and Inforte Corp. to develop and integrate its eCRM initiative The Irvine, California-based company said that it intends to develop a CRM initia...
As businesses worldwide continue to count the damages caused by the costliest e-mail-transmitted computer virus in history, Jupiter Communications released a report on Monday predicting that worldwide direct e-mail marketing will balloon from $164 million (US$) in 1999 to $7.3 billion in 2005 Jupiter (Nasdaq: JPTR) also predicts that the amount of ...
2000 could be the year that Linux comes fully into its own, as rising corporate adoption and intensifying media attention brought on by the Microsoft antitrust case have helped to push the open-source operating system into the number two position in world OS sales Until recently, it seemed that investors who were searching for a company with a viab...
Top college and business school graduates are increasingly forgoing Internet companies in favor of consulting firms and investment banking firms, a new survey by recruiting firm WetFeet.com says The Internet business is not losing its appeal, according to "The Student Recruitment Report 2000," which was based on a survey of 869 undergraduate, busin...
Authorities are speculating that the most costly computer virus in history, known commonly as the Love Bug, may have originated as an attempt by its author to obtain free Internet access. According to CNN, investigators are saying that aside from replicating itself and destroying files, the virus also searched for sign-on names and passwords to e-mail back to the Love Bug's creator...
Online auction house uBid (Nasdaq: UBID) was sued Friday by group of bidders who claim that the Elk Grove Village, Illinois-based company defrauded them by canceling winning bids for high-dollar (US$) computer equipment The class action suit, filed in Cook County Illinois Circuit Court, also accuses uBid of breaching its contract with the bidders a...
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