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Art Technology Group (Nasdaq: ARTG) rose 91 U.S. cents to $8.80 in morning trading Friday, after reporting first-quarter results that topped its previously slashed expectations and announcing a cost-cutting plan. The company also said that its chief financial officer, Ann Brady, resigned to spend...
VA Linux Systems (Nasdaq: LNUX) fell 6 U.S. cents to $2.97 in early trading Friday, after saying that revenue for the third quarter ending April 28th will be lower than previously thought. "While we are seeing some signs that demand is improving for our consulting services and open source develop...
Driven by a number of consolidation efforts, online book vendor Barnesandnoble.com announced Thursday that it narrowly beat Wall Street estimates and trimmed its losses for the first quarter. The e-tailer, which is majority owned by brick-and-mortar namesake Barnes & Noble and German media gia...
Universal Music Group (UMG) said late Wednesday that it has bought out BMG Entertainment's stake in GetMusic, an online e-commerce and music information site founded jointly by the companies in 1999. "I think we're seeing Universal make a more aggressive move to catch up with BMG," Webnoize rese...
Although people can argue over how old the Internet is, if you say 1994 was the birth year, the Web is 7 years old. The age that everyone agrees is the Age of Reason. When growing an emerging industry like e-commerce, some weeks are better than others. Yet the past few days have been really good...
The venture capitalists who got blindsided when the dot-com bubble burst lost a whole lot of money -- real money, to be sure. The question is, who were VC's biggest losers -- the companies and individuals who poured dollars into e-commerce businesses, only to find no riches at the end of the rai...
Online used car retailer iMotors.com hit a dead end Wednesday, announcing that it has shuttered its operations "due to a lack of sufficient capital to continue to grow the business." According to a note posted on its Web site, the San Francisco, California-based company said that it will issue "...
Juno Online Services (Nasdaq: JWEB) rose 38 U.S. cents to $1.20 in morning trading Thursday, after AOL Time Warner signed a definitive agreement to allow the company to offer high-speed Internet access over Time Warner cable systems. The deal is the second Time Warner Cable has signed with an Int...
Homestore.com (Nasdaq: HOMS) jumped US$4.27 to $33 in morning trading Thursday, after the online real-estate company reported first-quarter results that topped analyst estimates. Chairman and chief executive officer Stuart Wolff said that the "strong" results came in a "very difficult market."
Internet search engine Ask Jeeves (Nasdaq: ASKJ) gained 26 U.S. cents to reach $2.40 in early trading Thursday, after announcing proposed job cuts and reporting a pro forma loss of $14.4 million, or 40 cents per share, for the first quarter of 2001 on Wednesday. The company said it plans to lay...
The Nasdaq plunge and accompanying dot-com shakeout are "irrelevant" to the sustained growth of worldwide e-commerce, which shows no signs of slowing, according to a report released Tuesday by IDC. "The shakeout is really more about stock valuations than about fundamentals," IDC chief research o...
Riding strong electronics and international sales through a traditionally slower quarter, Amazon.com posted a pro forma net loss of US$49 million, or 21 cents per share, for the first quarter ended March 31st, beating initial analyst estimates by 3 to 4 cents. "Over the last year, it's become incre...
Timing is everything in life, so the people who made a movie about the man behind the rise of the one-time Internet phenomenon known as Kozmo.com have to be grinning right now. The movie, "e-Dreams," debuts this week in New York City, and it's likely that some of the 1,100 people who used to wo...
While automotive Web sites continue to gain traction among Internet users in the United States, data released Wednesday by Jupiter MMXI found that European consumers are increasingly steering towards such sites to research auto purchases, get directions and secure car loans and insurance policie...
BroadVision (Nasdaq: BVSN) fell 8 U.S. cents to $5.13 in morning trading Wednesday, after reporting first-quarter results that, while in line with the company's lowered expectations, were below year-earlier levels. The e-business software maker also reportedly announced plans to eliminate jobs. Re...
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