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In a deal that could be worth more than $200 million, global visual content provider Getty Images (Nasdaq: GETY) has announced the purchase of leading online art dealer Art.com. The transaction means that Getty will now sell images to the large consumer market, rather than just businesses. Getty will use Art.com as a marketplace to sell its collection of more than 30 million images...
Online department store Value America (Nasdaq: VUSA) is expanding into niche markets. Today, Value America announced a strategic alliance with Attorneys Online, a wholly-owned subsidiary of the Publishing Company of North America (Nasdaq: PCNA), to build and maintain its new online store The store will be called America's Legal Super Store and debu...
If CDNow, Inc. (Nasdaq: CDNW) executives were to play a tune to summarize their latest financial statement, it could be "Both Sides Now," by Joni Mitchell On one side, the company announced that revenues spiked up 128% in the first quarter to $22.8 million (US$). On the flip side was the news that losses increased to $19.1 million for the quarter, ...
Flattening, realigning and disintegrating describes what some say the Internet is doing to the recording industry By illegally downloading and distributing copyrighted music as free MP3 files, tens of thousands of consumers are cutting deeply into e-commerce profits, and simultaneously threatening the very existence of the major labels. This news i...
MIT's Sloan School of Management is calling it "a cross between the Oscars and the Internet," which would make their first annual MIT Sloan E-Commerce Awards a true revenge of the nerds The prestigious Cambridge, Massachusetts-based business school announced the finalists for their awards Wednesday, and, not unexpectedly, the roster reads like a Wh...
For Linux, 1998 was kind of like the year its voice broke. Intensifying media attention propelled Linus Torvalds, its creator, and a host of open-source gurus into the headlines -- alongside the likes of Bill Gates and other industry moguls. Torvalds managed to grab a cover spot on Forbes Magazine, while North Carolina-based Red Hat Software experienced a surge of Linux product shipments to consumers, seeing the total number of users move into the 8-digit neighborhood...
On the heels of China's decision to open its Internet doors with the launch of MeetChina.com last month, a California company is hoping to expand the e-commerce business for the rest of Asia with a series of Internet portals to be launched over the next 18 months. Unlike in China, where all commerce, electronic or otherwise, is heavily regulated by the Communist government, other countries in Asia--particularly India--are eager for the economic expansion that doing business over the Internet can bring...
In case you've been dreaming of a Window-less Internet2 -- it's time to wake up Microsoft Corp. announced on April 28th that it's already staking its claim on the next-generation Internet, by joining the Internet2 Coalition.
They don't claim to have struck the mother lode, but MiningCo.com executives (Nasdaq: MINE) were optimistic Wednesday, when they announced that first quarter revenues reached $2.4 million (US$). This represents a 15-fold increase over its 1998 first-quarter figures, and a 10% increase over 1998 fourth-quarter figures However, the company also annou...
For its first foray into Internet cross-marketing, TV and Internet shopping channel Shop At Home, Inc. is teaming with one of the biggest online search engines. Yahoo! Inc. (Nasdaq: YHOO) and Shop At Home (Nasdaq: SATH) announced a one-year agreement to promote each other's Internet sites. It was also announced that Yahoo! will help Shop At Home launch its new www.collectibles.com site later this year...
As online retailers continue to battle by selling items at or below cost, and by offering free shipping, Shopping.com has again raised the stakes by announcing today the Internet's first 125 percent satisfaction guarantee This, of course, means that Shopping.com, a division of AltaVista, stands to lose a significant amount on transactions if custom...
Name-your-price online retailer Priceline.com (Nasdaq: PCLN) impressed Wall Street on Wednesday when it released its first earnings report since becoming a public company. The company lost $17.2 million -- or 12 cents a share -- in the first quarter of 1999, but analysts had expected a loss of 13 cents a share. The first-quarter loss was a 77 percent decrease from the net loss of $73.7 million for the fourth quarter of 1998. Meanwhile, revenue increased 160 percent in that same time period, growing to $49.4 million (US$) from $19 million...
Tandy Corp.'s Radio Shack could become the first major national electronics retail chain to put its wares online, when it launches an e-commerce business this fall. The largest consumer electronics retailer in the U.S. has formed a new division called radioshack.com, which will focus on selling TVs, stereos, computers, and other electronic equipment on a Web site of the same name...
In an announcement that is sure to spark the home fires at homebid.com's headquarters, the company announced Tuesday that it has received a $25 million (US$) infusion from three venture capital firms The world's first online real estate auction company said that Chase Capital Partners, Accel Partners and Canaan Partners all ponied up the money, whi...
When it comes to opening an Internet store, businesses have a big question right out of the gate - should I do it myself, or call in the experts? Building an Internet store isn't that much different than any other big task you may be faced with, like catering a wedding. There are a few advantages to doing it yourself, but the disadvantages far outw...
Some 100 spams have hit my client inbox over the last two weeks, a much faster pace than previously. Chances are, your servers have been flooded as well While most of my spam is of the usual variety (get rich, get thin, free lunch, or looky looky) I have noticed some disturbing trends which could make it impossible for even a well-made law to slow ...
IBM Corp. (NYSE: IBM) is inviting e-commerce companies to take a field trip this summer to explore ways to improve their online businesses. The theme park for this new e-commerce adventure: a new 10,500 square-foot IBM Design Center under construction in Poughkeepsie, New York IBM calls the new facility a place "where customers can explore the lead...
In what looks to be a major challenge to Amazon.com's (Nasdaq: AMZN) dominance in online book and music sales, leading entertainment retailer Virgin Entertainment Group announced the launch of its online megastore today The new online store, located at Virginmega.com, carries essentially the same products as the well-known brick-and-mortar Virgin M...
CNET (Nasdaq: CNET), which runs a network of technology-oriented Web sites, expanded its business-related presence on Monday by purchasing Sumo, Inc., a leader in Internet service directories. Sumo's directories help corporations, small businesses and individuals find a variety of Web-related business services Sumo's directories include The Ultimat...
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