In a foray into the small and mid-size business arena, eBay has formally launched a new section called eBay Business. The section currently features about 500,000 product listings, focusing heavily on office technology products and wholesale lots of consumer goods and services. The site also feature...
Storage software maker Veritas has scooped up two smaller firms in deals worth about $600 million, leading a pre-holiday buying spree by software companies that has rapidly accelerated the pace of industry consolidation. In a separate deal, business intelligence software provider Cognos said it will...
There is life after the bubble for technology and portal providers that serve the B2B sector of e-commerce. But vendors must adjust to a new landscape in which spending and cost-cutting priorities have shifted dramatically in response to tough economic times. According to Gartner research director J...
While layoff announcements at IBM have been sporadic, the company has reported to the U.S. Securities and Exchange Commission that it has pink-slipped more than 15,000 employees, fully 5 percent of its workforce.
Numerous venture capitalists are nursing wounds sustained when companies collapsed and stopped going public at a record clip. But most of the VC firms that can trace their roots back to the pre-boom era are still hanging on, if not thriving. "Those who came late to the party and tried to grab all...
While the worst of times may be over for companies in business-to-business e-commerce, the sector remains unsteady and is likely to see more consolidation and survival-oriented alliances. "I don't think the shakeout is over," Forrester research director Laurie Orlov told the E-Commerce Times, not...
Internet-related companies fired 824 workers in April, marking just the second time in two years that the sector's monthly job loss total has been below 1,000, according to outplacement firm Challenger, Gray & Christmas. The number of job cuts fell 47 percent from March, when 1,549 cuts were ...
Against a backdrop of solid earnings news from some bellwether tech companies, e-commerce software maker Commerce One reported sharply lower sales for the first quarter and said it will slash its workforce by another 30 percent. "Enterprises are more interested in applications that help them cut ...
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