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When E.phiphany, Inc. (Nasdaq: EPNY) announced that it would pay $3.18 billion (US$) in stock for privately-held Octane Software, Inc., analysts and market watchers were left shaking their heads over the price The deal followed another lofty announcement in which i2 Technologies, Inc. (Nasdaq: ITWO) agreed to pay $9.3 billion for Aspect Development...
The drive for a compromise on Internet taxation disintegrated late Monday night when members of the Advisory Commission on Electronic Commerce (ACEC) failed to reach the two-thirds majority vote required for a formal recommendation to the U.S. Congress Though the warring factions appeared to be inching toward a compromise of late, hope for agreemen...
In a deal that could ultimately accelerate delivery times across the e-commerce landscape, Amazon.com announced Monday that it has invested $60 million (US$) in one-hour delivery service Kozmo.com Amazon, which also received warrants to purchase additional shares in Kozmo.com, plans to take advantage of the three-year alliance by offering customers...
As we have seen in Part I of this series, interactive television is now coming on like a freight train and could perhaps match or surpass the impact that PCs have had on the Internet. In fact, we have already received a taste of what is to come, as early systems have emerged worldwide and are achieving spectacular results Open in the UK...
The Advisory Commission on Electronic Commerce (ACEC) begins its fourth and final session in Dallas, Texas today, with no sign of an agreement on how, or whether, to tax e-commerce Before the ACEC can make a formal recommendation to the U.S. Congress about taxation, a supermajority of 13 votes is required by the 19-member panel. At this time, analy...
Last week, the online sale of Stephen King's new novella tied up the servers of major e-commerce sites and also widened the gulf between old line and Internet Age publishers After King's 66-page novella "Riding the Bullet" sold more than 500,000 copies in just two days, it appeared that Simon & Schuster had clearly proven that old line publishers h...
In an unprecedented effort to attract and hold on to key employees, Andersen Consulting has announced that it will invest $200 million (US$) in e-commerce related companies on behalf of its employees and add an additional $100 million each year "The electronic economy is too new and fast changing for consultants to offer advice from the sidelines,"...
While credit card companies have consistently maintained that credit card fraud is no more prevalent online than in traditional forms of commerce, a number of experts are disputing the notion According to Alvin Cameron, Credit/Loss Prevention Manager for online fulfillment house Digital River (Nasdaq: DRIV), an estimated 20 to 40 percent of online ...
For the average consumer, the phrase "Digital TV" conjures up images of crystal clear pictures and ear-popping sound. In actuality, however, the new technology promises more than just enhancements to the audio-visual experience -- it will allow a greater and more diverse population around the world to participate in the Internet Age Digital TV will...
The Grocery Manufacturers of America (GMA) has joined the business-to-business (B2B) scramble by announcing plans to create an online marketplace for its members. GMA members generate U.S. sales of $460 billion (US$) per year and employ 2.5 million people in 50 states The organization has already appointed an executive steering committee to manage ...
German media giant Bertelsmann AG announced Friday that it is selling its 50 percent stake in AOL Europe and AOL Australia back to AOL in a stock deal worth between $6.5 billion and $8.25 billion (US$) The move has been highly anticipated since the announcement of the AOL/Time Warner merger in January. The privately held Bertelsmann owns more than ...
GTE CyberTrust was founded in 1996 after being split off from GTE's government services unit. Although the company is now primarily an international provider of extranet and e-commerce security solutions for private corporations, it has recently returned to government service Last month, Baltimore Technologies (Nasdaq: BALT), a United Kingdom-based...
Consumer Reports declared Thursday that online auto sales have not yet become a viable alternative to traditional outlets The magazine reviewed five major Internet car buying sites, finding a lot of useful information -- but also a lot of poor service.
According to venerable information resource Consumer Reports, auto sales over the Internet are fraught with pitfalls, problems and overhype Consumer Reports recruited 1,056 online test shoppers nationwide to request quotes for six different vehicles from Autobytel, AutoWeb, AutoVantage, Cars.com, and CarPoint. The cars, all equipped with common opt...
Do marketers have the right to flood the e-mail boxes of unsuspecting Internet users with unwanted e-mail, otherwise known as spam? One Washington state judge has effectively said yes -- and has sparked an instant debate about the constitutionality of laws that limit the use of spam Last Friday, King County Superior Court Judge Palmer Robinson thre...
In an effort to keep its MSN.com portal competitive with its rivals, Microsoft Corp. (Nasdaq: MSFT) announced today that it is joining with a number of financial institutions to launch a Web site that will automate home mortgage transactions The new company, HomeAdvisor Technologies, will provide tools to automate electronic applications, underwrit...
The state of Virginia has enacted a controversial new Internet commerce law designed to affirm individual contracting parties' rights to set their own rules for contractual electronic transactions The Uniform Computer Information Transaction Act (UCITA) is being heralded by Virginia Governor James Gilmore as nothing more than a clarification of Vir...
America Online's acquisition of Time Warner -- and its newly-announced strategy to generate e-commerce revenues with Warner Music -- has scuttled plans by a small AOL subsidiary to introduce a software product designed to distribute MP3-encoded music on the Internet for free Nullsoft, a small subsidiary acquired by AOL last year, apparently tossed ...
Online consumers' privacy and protection are coming under close scrutiny in Washington, D.C. this week, as a number of government officials have apparently come to believe that the industry may never be able to regulate itself First, Federal Trade Commission (FTC) chairman Robert Pitofsky said Wednesday that identity theft is hampering the full gro...
The old adage "don't believe everything you read" came roaring back into vogue this week when some up-to-the second investors lost 20 percent of their investments on outdated rumors of a partnership between eBay and Yahoo! The price of eBay's stock soared more than 10 percent in after-hours trading Tuesday evening based on cable network CNBC's repo...
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