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When Giants Stumble

When one of the towering leviathans of high-tech civilization takes a false step, it is not always immediately clear whether the tremors in the earth are caused by the giant's stumble or by the stampede of all the little people fleeing for cover.

Online auction giant eBay, Inc. is reportedly scaling back its live auction business and will instead concentrate on Web auctions of the high price art and antiques that were central to that operation.

In Part I of this special report, the E-Commerce Times probed beyond the hype surrounding the alleged downfall of the dot-coms, to examine the big picture of the new U.S. e-conomy. Part II of this special report on the state of the e-commerce industry examines the burgeoning international market.

Santa Clara, California-based Yahoo! Inc. announced strong second-quarter earnings and better than expected revenue growth Tuesday, sending its stock soaring and calming investor fears.

According to a report released Tuesday by New York-based eMarketer, three of four Internet users will be shopping online by 2003, and 68 percent of all U.S. Web users will be online shoppers by the end of this year.

American seniors 55 and over have embraced the Internet and are shopping and surfing online in ever increasing numbers, according to a study released Tuesday by Internet research firm Greenfield Online.

A coalition of more than 70 recording artists have launched a national campaign to protect their exclusive rights to distribute and market copyrighted recordings on the Internet.

A Federal Bureau of Investigation (FBI) Web-based surveillance program, which the agency says is designed specifically to be used in criminal investigations, is drawing withering fire from critics who say it is compromising the privacy of law-abiding Internet users.

Angry musicians came face-to-face with Napster chief executive Hank Barry on Capitol Hill Tuesday, in an emotional hearing before a U.S. Senate Judiciary Committee.

E-commerce consultants are loudly proclaiming the importance of customer service, while customers themselves are demonstrating -- via their wallets -- that they simply will not accept bad service. And yet, e-tailer reaction has been slow.

A new study covering 30 countries and nearly 5,000 Information Technology (IT) professionals shows that hacker attacks will cost the world economy a whopping $1.6 trillion (US$) this year.

Dell Pulls Plug on WebPC

Just seven months after rolling out its much-touted WebPC, Dell Computer Corp. has reportedly stopped selling the consumer-oriented product line.

The World Intellectual Property Organization (WIPO) -- the United Nations tribunal responsible for overseeing Internet domain name disputes and other intellectual property issues -- is launching a new offensive against cybersquatters.

What laws apply in cyberspace? That is the question the American Bar Association (ABA) set out to answer two years ago when it began the ABA Global Cyberspace Jurisdiction Project.

Online coupon distributor Coolsavings, Inc. (Nasdaq: CSAV) cleared two patent infringement lawsuits off its plate Monday when it reached a settlement with rival Planet U.


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