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The Clinton administration has announced plans to send a bill to the U.S. Congress that would require online drug retailers to be licensed in the state in which they reside and post basic operational information on their Web sites.

Kozmo Files for $150M IPO

Kozmo.com, a regional e-tailer that promises one-hour delivery of videos, pizzas and other convenience items, filed Tuesday with the U.S. Securities and Exchange Commission (SEC) to sell shares to the public in an initial offering aimed at raising $150 million (US$).

Former General Motors executive Roy Roberts has announced the formation of M-Xchange.com, a business-to-business (B2B) trade exchange that will encourage minority-owned businesses to take a more active role in electronic commerce.

As we have seen in Part I of this series, interactive television is now coming on like a freight train and could perhaps match or surpass the impact that PCs have had on the Internet.

In a deal that could ultimately accelerate delivery times across the e-commerce landscape, Amazon.com announced Monday that it has invested $60 million (US$) in one-hour delivery service Kozmo.com.

E-Tax Talks Collapse

The drive for a compromise on Internet taxation disintegrated late Monday night when members of the Advisory Commission on Electronic Commerce (ACEC) failed to reach the two-thirds majority vote required for a formal recommendation to the U.S. Congress.

When E.phiphany, Inc. (Nasdaq: EPNY) announced that it would pay $3.18 billion (US$) in stock for privately-held Octane Software, Inc., analysts and market watchers were left shaking their heads over the price.

With one of Congress' most active and vocal Internet advocates scheduled to leave Capitol Hill in November, Republicans and Democrats are already scrambling for the powerful chairmanship of the House Commerce Committee.

Struggling computer retailer CompUSA, Inc. is attempting to stage a comeback by scrapping efforts to build an online brand and trying to leverage its well-known retail brand name on the Web.

According to the Bureau of Labor Statistics, the fastest-growing sectors over the next 10 years will be high-tech and e-commerce. However, while 1.2 million college students in the United States earned bachelor's degrees last year, only 5.5 percent received engineering degrees.

For the average consumer, the phrase "Digital TV" conjures up images of crystal clear pictures and ear-popping sound. In actuality, however, the new technology promises more than just enhancements to the audio-visual experience -- it will allow a greater and more diverse population around the world ...

While credit card companies have consistently maintained that credit card fraud is no more prevalent online than in traditional forms of commerce, a number of experts are disputing the notion.

In an unprecedented effort to attract and hold on to key employees, Andersen Consulting has announced that it will invest $200 million (US$) in e-commerce related companies on behalf of its employees and add an additional $100 million each year.

Last week, the online sale of Stephen King's new novella tied up the servers of major e-commerce sites and also widened the gulf between old line and Internet Age publishers.

The Advisory Commission on Electronic Commerce (ACEC) begins its fourth and final session in Dallas, Texas today, with no sign of an agreement on how, or whether, to tax e-commerce.


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