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Surprise, surprise. Yet another e-commerce-related software company saw its stock take off on its first day of trading on Tuesday. This time, the big winner was Quintus (Nasdaq: QNTS), which develops software that helps online business manage customer interactions. Quintus priced its initial public offering at $18 a share, and the stock more than tripled on Tuesday, rocketing 37 to 55...
Everything that has to do with e-commerce seems to move at record speed, except for one thing: The decision whether to tax goods and services sold over the Internet Somehow, the debate over Internet taxes has dragged on for the better part of the year, with the U.S. Congress' Advisory Commission on Electronic Commerce taking its time when it comes ...
IBM's Global Services division announced yesterday that it is expanding the e-business innovation center it built in Atlanta, Georgia four years ago by building a network of facilities throughout the U.S. and Europe The $81 billion (US$) computer giant said it has opened centers in Chicago, Dallas and Washington, D.C. and has more planned for New Y...
Despite the fact that media attention to the explosive growth of e-commerce has largely focused upon the new synergy between consumers and e-tailers, the real success stories may be in the business-to-business sector While e-tailers struggle to steady themselves financially, B2B operations are realizing revenues beyond their own expectations. Accor...
If the actions of Microsoft CEO Bill Gates are any indication as to whether there is life after being declared a monopoly by U.S. Federal Judge Thomas Penfield Jackson, the answer is an emphatic "yes." Not only did Microsoft announce a blockbuster deal with Tandy Corp.'s Radio Shack that will allow the software giant to hawk its online service to m...
Consumers have long felt victimized by new car sales teams that manipulate, deceive and cajole buyers into one-sided deals. Now, as new cars sales rush online, the consumer stands to fight back through new programs developed by priceline, Ford and CarPrices.com The auto industry could wind up wishing it had never met the Internet. Detroit has alway...
For the second time in just over a month, online travel site Expedia.com, which is majority-owned by Microsoft, has been sued in a federal court The two companies were sued by Cahners Travel Group, a division of giant British/Dutch publishing company Reed Elsevier, for breach of contract, unfair competition and other allegations.
Continuing its transformation from a free e-mail company to a multi-faceted Internet service provider, Juno Online Services, Inc. (Nasdaq: JWEB) announced a new shopping service today that will allow other online retailers to sell products on its Web site The new Shop@Juno service will provide three new revenue streams, the company said. Juno will ...
In what is being billed as one of the largest private equity placements ever secured by an Internet company, online car retailer CarsDirect.com announced yesterday that it has closed a $280 million (US$) round of financing All of the company's original corporate and institutional investors, including Internet incubator idealab!, Michael Dell's MSD ...
Internet postage provider Stamps.com (Nasdaq: STMP) announced today that it has created a new subsidiary that will offer encrypted printing of tickets, vouchers, certificates and other paper instruments for the events, travel and financial services industry The subsidiary will be called EncrypTix, the company said. It will utilize Stamps.com's exis...
China's Internet and technology stocks soared yesterday following news of a U.S.-China trade deal that may pave the way for China's entry into the World Trade Organization (WTO) The deal lifts China's ban on foreign investment in Internet stocks and clears the way for U.S. companies to enter China's online market, which is expected to mushroom over...
E.piphany, Inc., a manufacturer of software that analyzes customers' buying habits, announced today that it has agreed to acquire RightPoint, Inc., for about $392 million (US$) in stock This acquisition is the first made by E.piphany since its phenomenally successful September IPO. Yesterday, shares of the company fell $5.87 to $112.50.
Internet search engine Ask Jeeves, Inc. announced yesterday that it has agreed to acquire closely-held online customer-support software maker Net Effect Systems, Inc. for about $288 million (US$) in stock Ask Jeeves will exchange 1.835 million shares for the North Hollywood, California-based Net Effect. When the transaction is completed in the four...
The stock of e-commerce software company Ariba (Nasdaq: ARBA) has been one of the year's top performers, and things could be getting even hotter for the stock. Shares of Ariba climbed 13-3/8 to 210 on Monday after the company announced a deal with enterprise commerce software company InterWorld (Nasdaq: INTW). Ariba and InterWorld will weave some of their technology together and jointly invest in marketing and sales tools to promote the company's combined solutions. Shares of InterWorld gained 8-1/8 to 67-7/8 on Monday...
Leading online computer seller Dell Computer Corp. announced today that it has launched a global redesign of its Web site, adding new features aimed at making interactions easier and more tailored to individual customers' needs Dell's refined e-commerce site will now allow customers to buy products, search for information, and seek support based on...
With the recent finding of fact issued by Judge Jackson in the landmark Microsoft antitrust trial, Linux has been thrust into the spotlight Amid all the attention, Microsoft rival Corel Corp. (Nasdaq: CORL) is expanding an existing Linux strategy with the release of its own distribution. By staging the release at COMDEX, Corel is aiming to bring Li...
"If you build it, they will come" may be true for baseball, but when it comes to e-commerce, it's how long it takes customers to get to what you build that really matters Research from various sources indicates that once the online buying experience becomes too cumbersome and slow, would-be customers log off. And, since there are already enough obs...
For decades, Allstate Corp. has reminded its policyholders that they are in good hands with their Allstate agents It seems now that a few of those hands are getting tied.
A new report from Forrester Research, Inc. is projecting that WingspanBank.com, the six month-old Internet banking venture of Bank One Corp. (NYSE: ONE), is about to stall "Its parent companies' financial difficulties and internal politics will debilitate Wingspan -- and make it a cautionary example of what not to do when spawning a dot-com subsidi...
Disney and its Go Network's plans to launch a publicly-traded division called go.com suffered a setback last week when a U.S. District Court judge in Los Angeles issued a preliminary injunction that prevented the company from using its familiar Go logo The injunction stems from a lawsuit filed by marketplace search engine GoTo.com last February. Th...
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