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American Greetings Online to Look for Extra Cash

American Greetings (NYSE: AM) plans to sell a minority interest in its electronic marketing division, americangreetings.com, in an initial public stock offering this fall. The company offered no clues as to how many shares it will offer or how much of the company will go public, though it said it will retain a majority interest. To account for the sale, the company said it expects to take a one-time charge on its balance sheets in the fourth quarter of this year...

Time Warner Builds Time Warner Builds E-Commerce Plan

Time Warner Inc. (NYSE: TWX), the nation's second largest cable TV operator and largest multimedia entertainment company is took a step toward a concerted electronic commerce business this week, appointing top bean counter Richard Bressler chairman of the new Time Warner Digital Media company. Bressler, who is also executive vice president and CFO, will start his new job July 15 and report directly to Time Warner Chairman Gerald Levin...

Security Team Discovers New Microsoft Server Vulnerability

"We have been debating how to start out this advisory. How do you explain that 90% or so of the Windows NT web servers on the Internet are open to a hole that lets an attacker execute arbitrary code on the remote Web server?" eEye's Digital Security Team recently issued a security alert regarding the latest release of Microsoft's Internet Informati...

Go2Net Rubber Stamps Paul Allen’s $426 Million Investment

Shareholders of Go2Net, Inc. (Nasdaq: GNET), a network of technology and community-driven Web Sites, voted Thursday to accept Microsoft co-founder Paul Allen's purchase of preferred shares for $133 million (US$), complimenting Allen's purchase in March of $167 million in stock In addition, shareholders also approved the sale of $126 million in comp...

Starbucks, Oxygen Media to Offer a New Blend

Starbucks' e-commerce plans have been the source of much speculation ever since news of the company's possible e-commerce and portal plans began to circulate last month. Things became a little more clear on Thursday, when the specialty coffee retailer announced a strategic alliance with Oxygen Media, a high-profile media company that publishes a network of Web sites for women and is working to develop a cable channel...

Dell, Microsoft & SBA Address Y2K Issues

According to the National Federation of Independent Businesses, approximately one third of the small business sector has not yet taken action to address a potential Y2K computer glitch Dell Computer Corp. (Nasdaq: DELL) and Microsoft (Nasdaq: MSFT) have teamed up with the US Small Business Administration (SBA) to help change the situation.

Stock Watch : Oracle Stock Takes Off

On Wednesday, the day the Nasdaq gained a record 103.16 points as concerns about inflation abated, software company Oracle Corp. (Nasdaq: ORCL) was the darling of Wall Street. Shares of Oracle, which develops software that powers companies including Amazon.com and Excite, climbed more than 31 percent, rising 7-13/16 to 32-15/16 Last Tuesday, Oracle...

Microsoft Says It Got No Respect

The plot thickens as the government antitrust case against Microsoft is revealing through company memos the inner thoughts of its founder Bill Gates With all the hyperbole and melodrama of the Jerry Springer Show, the winding-down trial shows Gates to be a man who's used to getting what he wants, very much in control -- but prone to nasty temper ta...

Dell, Microsoft & SBA Address Y2K Issues

According to the National Federation of Independent Businesses, approximately one third of the small business sector has not yet taken action to address a potential Y2K computer glitch Dell Computer Corp. (Nasdaq: DELL) and Microsoft (Nasdaq: MSFT) have teamed up with the US Small Business Administration (SBA) to help change the situation.

Linux.Com Serves 25 Million

Linux.com, a web portal established and run by VA Linux Systems, reports that it received more than 25 million hits in its first month of operation. Three of those 25 million came during the site's very first day of going live The Web site -- with the coveted domain name -- is run with a mission "to enrich the Linux community by providing a central...

Autobytel.Com Hits The Road In Japan

Recognized as one of the Internet's leading automotive sales and service companies, Autobytel.com (Nasdaq: ABTL) announced Thursday that it is taking its high-flying e-commerce act to car-crazed Japan The Irvine, California-based company signed a joint-venture agreement with six Japanese companies to begin selling pre-owned vehicles and financing a...

Online Christmas Shoppers Say They’ll Start Early

It'll be beginning to feel a lot like Christmas much earlier online this year, as shoppers click their way to gifts sooner than merchants expected, says a new report The report, based on an online consumer survey by Link Share Corp. and Bizrate.com, found that 28 percent of more than 3,800 consumers polled planned to begin browsing for holiday gift...

Akamai Technologies Hooks E-Commerce Big Fish

True, Rome wasn't built in a day -- and neither was Digital City -- but Internet network start-up Akamai Technologies is laying the foundation for a distant-future discovery in an awfully short period of time The Cambridge, Massachusetts-based company announced Wednesday that an impressive range of Internet stars have signed on to its fault-toleran...

Are Portals Losing Their Luster?

Recent statistics from Forrester Research Inc. show that many e-merchants are shying away from exclusively using popular portals to promote their products online -- instead they're turning to traditional media Even though the deals with the Web portals like Yahoo!, Lycos and AOL are getting pricier by the month, the percentage of Internet traffic g...

Canada Hungry for Domestic E-Commerce

The bad news is Canada is lagging behind the United States in electronic commerce. The good news is Canadians are dying to buy Canadian, if only their local businesses would get online IBM and the Retail Council of Canada are offering Canadian companies a primer on how to get started and who to target in a report issued this week by the Retail Coun...

Bertelsmann, Lycos Expand European Presence

Like many invading armies before it, Tripod -- a Williamstown, Massachusetts-based Web community owned by Lycos -- has set its sights on Europe, and apparently will not be content until its presence stretches from the Mediterranean to the English Channel Wednesday, the company announced that German media giant, Bertelsmann AG, its joint-partner in ...

Amazon Trades Cash for Sotheby’s Name

What's in a name? For Amazon, Inc. (Nasdaq: AMZN), the Sotheby's Holdings, Inc. (NYSE: BID) name brought a 7 percent rise in its stock price less than one hour after Wednesday's opening bell in New York. For Sotheby's, Amazon delivered a 10 percent boost. Such is the business of the Internet sales world today: Alliances are everything Amazon agreed...

Industry Heavyweights Form Global E-Commerce Alliance

GE Capital, Global Commerce Systems, Inc., Sun Microsystems (Nasdaq: SUNW), and Total System Services, Inc. (NYSE:TSS) have set their aim high in announcing Wednesday the formation of a global e-commerce alliance "Any $1 billion-plus (US$) company looking to 'dot-com' their business will be interested in this solution, particularly when the are loo...

AOL Buys Into Online Marketing

Online marketing suddenly looks like a red-hot industry. One day after online advertising company DoubleClick (Nasdaq: DCLK) announced a $1 billion deal to purchase market research firm Abacus Direct, America Online (NYSE: AOL) grabbed a bigger piece of the online marketing pie On Tuesday, AOL announced that it had acquired complete ownership of pr...

Is Booming Internet Economy a Double-Edged Sword?

The Internet economy is growing faster than anyone predicted, generating about $301 billion (US$) last year, according to a study done by the University of Texas. But some -- such as Commerce Secretary William Daley -- seem concerned it could leave some behind "This wave of technological innovation is more than just a ripple in the sea of society,"...

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