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The proposed merger of America Online and Time Warner, Inc. came to a fork in the road earlier this week, when a coalition of consumer and media groups called upon the U.S. government to block the deal Advocacy organization Consumers Union and three other groups filed petitions with the Federal Communications Commission (FCC) asking the government ...
Contrary to widespread rumors that the U.S. Department of Justice and the 19 states suing Microsoft Corp. would seek separate remedies in the antitrust case, all parties concerned are expected to proceed Friday by filing a joint proposal The proposal will reportedly call for Microsoft to be split into two separate companies. Even at the eleventh ho...
Online toy retailer eToys, Inc. announced Thursday that net sales for its fiscal year ended March 31st reached $151 million (US$), five times higher than earnings of $30 million one year earlier. However, the company also reported a loss of $148.1 million for the fiscal year, or $1.29 per share, compared with a loss of $22.4 million and 27 cents per share a year ago...
Despite posting a revenue decline in consecutive quarters, e-tail giant Amazon.com (Nasdaq: AMZN) reported better-than-expected financial results for the first quarter Wednesday Amazon reported a first-quarter pro forma net loss of $122 million (US$), or 35 cents a share, compared with a loss of $36 million, or 12 cents, in the same quarter last ye...
In a concerted effort to spur the growth of e-commerce and other technology firms in the state, Maryland Governor Parris Glendening signed 12 technology initiatives into law Tuesday. The legislation is designed to provide new security and privacy protection for consumers and give law enforcement agencies greater crime fighting power Glendening expe...
This week, online pharmacy Drugstore.com outdid expectations by reporting a $38.9 million (US$) loss for the quarter ended April 2nd Analysts surveyed by First Call Corp., a firm that tracks quarterly earnings of online companies, had projected a loss of $1.02 per share for the quarter, but the results were lighter, with a loss of 86 cents per shar...
Internet-related trademark, patent and copyright litigation will increase significantly in years to come, according to a recent PricewaterhouseCoopers survey of U.S. intellectual property attorneys The report comes as a number of e-commerce companies, including Amazon.com, Barnesandnoble.com and Priceline.com, find themselves mired in battles over ...
Andre Young, better known as multi-platinum rap star Dr. Dre, is suing Napster and several yet-to-be-named students and schools who allegedly used Napster's MP3 music swapping software to infringe upon his copyrights The suit, filed by Dr. Dre and his Aftermath Entertainment label in a Los Angeles federal court, did not single out individuals, but ...
Powered by sales topping $1 billion (US$), online auctioneer eBay, Inc. (Nasdaq: EBAY) reported stronger-than-expected results for the first quarter Tuesday and announced a 2-for-1 stock split eBay shares jumped in early trading Wednesday, rising 7 11/16 to 161 1/4. Over the past year, the stock has traded as high as 255 and as low as 70 17/64.
Bankruptcy, mergers, and acquisitions could swallow up as much as 90 percent of the current crop of online business-to-business (B2B) marketplaces, according to a new report from Boston, Massachusetts-based AMR Research The company predicts that the number of exchanges will shrink from today's 600 to fewer than 100 firms by 2001.
Just weeks after unveiling its online personal finance service, General Electric Co. announced Tuesday that it has partnered with CompuBank to provide personal banking services via GE's already established GE Financial Network (GEFN) GEFN, which initially included information on annuities, auto and life insurance, loans and mutual funds, will now o...
The U.S. Department of Justice (DOJ) is investigating whether Homestore.com, Inc. and the National Association of Realtors (NAR) are in violation of antitrust laws Homestore.com (Nasdaq: HOMS), based in Thousand Oaks, California, said it has received a request for information from the DOJ's antitrust division. According to the company's Web site, t...
The Cobalt Group (Nasdaq: CBLT), a provider of Internet business-to-business (B2B) services to the automotive industry, said late Monday that its first quarter revenues increased 11 percent over the fourth quarter of 1999 to $9.3 million, driven in large part by its Web hosting and applications services The Seattle, Washington-based company provide...
CRM solutions provider eShare Technologies (Nasdaq: ESHR) said Tuesday its first quarter sales dropped nearly $9 million from the first quarter of 1999, topping out at $20.4 million The Atlanta, Georgia-based company also said its net loss for the quarter narrowed to $822,000, compared with a net loss of $3.4 million in the first quarter of 1999.
Bellevue, Washington-based Onyx Software (Nasdaq: ONXS) said Tuesday that it has broken into the nascent Asian CRM market in a joint venture with Singapore Technologies Telemedia (STT) The company said the CRM-on-demand product will be offered to thousands of STT customers in Singapore, Hong Kong and Thailand, and will be expanded to Malaysia, Chin...
MarchFirst (Nasdaq: XRCH), the Internet professional services company formed recently by the merger of Whittman-Hart and USWeb/CKS, reported a surge in revenues for the first quarter as it ironed out the details of its consolidation The Chicago, Illinois-based company reported pro-forma revenues of $352 million, a 41 percent increase over the same ...
Andersen Consulting, Sun Microsystems and iPlanet announced Tuesday that they will form a joint venture and invest $300 million (US$) to set up a system to provide electronic buying services for businesses The venture is aimed at cutting businesses' costs on items such as office supplies, computer equipment and airline tickets by as much as half. A...
A new IDC report indicates that despite a rapid increase in the number of small American businesses climbing aboard the Internet express, a surprisingly small percentage are actually selling their products or services online According to the 1999 U.S. Small Business Survey, only 850,000 small businesses are engaged in e-commerce transactions, a fig...
When the Children's Online Privacy Act of 1998 (COPPA) went into effect Friday, the measure received mixed reviews While some advocates praised the legislation, online consumer protection advocate EmailAbuse.org blasted the new rules as "a misguided attempt." ...
E*Trade CEO Christos Cotsakos is projecting revenues in excess of $1 billion (US$) for 2000, although the company's first quarter profits were marginal The number two online brokerage, which lost $54.4 million in 1999, came through with $1.3 million in operating earnings, a breakeven point on a per share basis, for the quarter ending March 31st. Re...
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