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E-tailers Not Likely To Beat Q2 Projections

According to Goldman Sachs analyst Anthony Noto, a number of limiting factors will likely prevent most e-tailers from surprising investors with reports of stronger-than-expected revenue in the second quarter. These factors include scaled-back marketing budgets, slower retail sales and a cooling economy ...

Online Brokerages To Offer Free Net Access

With competition for investment dollars heating up, two online brokerages are banking on free Internet access to bring in more business ...

Amid Layoffs, PlanetRx Projects Deeper Losses

Just days after announcing that it would lay off some 15 percent of its workforce, online drugstore PlanetRx.com, Inc. (Nasdaq: PLRX) disclosed that an expensive agreement with a pharmacy benefits manager will lead to lower revenue for the second quarter and the remainder of fiscal 2000 ...

HP and Nortel in Mobile E-Services Venture

Canada-based Nortel Networks (NYSE: NT) and Hewlett-Packard Co. (NYSE: HWP) announced plans Monday to develop a mobile Internet service that will initially focus on businesses with employees in remote locations ...

Study: Racial ‘Digital Divide’ is Narrowing

The disparity in Internet use among different ethnic groups in the United States is likely to "close significantly" within five years, according to a new study by New York-based research firm Jupiter Communications (Nasdaq: JPTR) ...

eBay Broadens Scope with Half.com Buy

Online auctioneer eBay has expanded into the fixed-price marketplace by agreeing to purchase person-to-person Web marketplace Half.com in a stock deal valued at $350 million (US$) ...

U.S. Targets Online Brokerage Abuses

Responding to evidence that online brokers do not provide their customers with the best information about risks, margin accounts, privacy and other key issues, the U.S. General Accounting Office (GAO) is recommending that government regulators require Internet trading firms to post more disclosures on their Web sites ...

MP3.com Settles Copyright Disputes

MP3.com (Nasdaq: MPPP) announced Friday that it has reached separate settlements in its copyright infringement disputes with Bertelsmann AG's BMG Music and Time Warner's Warner Music Group. The settlements will allow music from the labels to stay on the online music provider's site ...

UK Wireless Usage Poised for ‘Hypergrowth’

All new mobile phones sold in the UK will be Internet-enabled by mid-2001, according to a report from Forrester Research ...

IBM Counters Compaq with Components Exchange

Countering a similar venture led Compaq Computer Corp. (NYSE: CPQ) and Hewlett-Packard (NYSE: HWP), IBM and a group of international computer manufacturers have formed a $200 million (US$) e-marketplace for computer, electronics and telecommunications companies to buy and sell goods and services ...

Webvan on Collision Course with Amazon

Online grocer Webvan Group, Inc. (Nasdaq: WBVN) said Monday that it will offer consumer electronics, videos, DVDs and other entertainment products as it steps up efforts to expand its reach and boost revenues ...

GM Launches Online Ad Blitz

General Motors Corp. (NYSE: GM) is attempting to draw buyers to its dealers -- and away from Web-based car sellers -- with an online campaign featuring incentives and contests ...

Goldman Sachs Posts E-tail Death Watch

According to a new report from Goldman Sachs, at least 10 key e-tailers will be faced with the daunting task of raising cash as soon as this year or next ...

QXL.com Posts Strong Results for Quarter, Year

QXL.com (Nasdaq: QXLC), Europe' s largest online auctioneer, reported increases in revenue, auction volume and membership for its fourth quarter and year ended April 30th ...

Boo.com Saga Ends with Asset Sale

Less than two weeks after financial woes forced Boo.com to shut down its operations, the online retailer announced Tuesday that it has sold its core technology assets to Internet services company Bright Station ...

eBay Wins Round in Bidder’s Edge Dispute

A U.S. federal judge issued a preliminary injunction Thursday against Bidder's Edge, barring the auction portal from searching the eBay site for auction information ...

Priceline Launches Internet Phone Service

Name-your-own-price company Priceline.com (Nasdaq: PCLN) announced on Thursday that it will offer long distance telephone service through an agreement with several Internet Protocol (IP) telephony industry leaders ...

IBM, Internet Capital Form Online Patent Exchange

Internet Capital Group, Inc. (Nasdaq: ICGE) announced Wednesday that it will collaborate with IBM (NYSE: IBM) to form an online marketplace for intellectual properties ...

Disney Pulls Plug on Toysmart.com

Toysmart.com, the online toy retailer whose backers included the Walt Disney Company, announced Tuesday that it has closed its virtual doors after a long weekend of speculation ...

Bank of America, BroadVision Form Net Services Venture

Bank of America and BroadVisiona provider of personalized e-business applications, announced Monday that they are forming a new company to develop customized business-to-employee (B2E) portals for corporate intranets ...

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