Articles by Andy Wang

Computer manufacturer Gateway (Nasdaq: GTW) announced Thursday that it has formed a major strategic agreement with top Internet incubator CMGI (Nasdaq: CMGI) that will result in new investment and e-commerce opportunities. Gateway has also agreed to invest $200 million (US$) for an ownership stake in CMGI The companies will now collaborate to find ...

Department store powerhouse Sears, Roebuck and Co. made a big push today to become the top retailer of appliances online. Today, Sears launched the largest selection of major appliances on the Internet at its Web site. Sears.com now sells more than 2,000 brand-name appliances, and the company says that is more than four times the size of the nearest online competitor...

Leading networking company Cisco Systems (Nasdaq: CSCO) bolstered the status of newly public Portal Software (Nasdaq: PRSF) on Wednesday, with an investment and a strategic alliance Cisco announced that it has purchased three million shares of Portal Software, which provides customer management and billing software for providers of Internet-based s...

In a major move to combine content, community and e-commerce, NBC announced Monday that it is partnering with leading e-commerce direct marketing company Xoom.com (Nasdaq: XMCM) and online technology network CNET (Nasdaq: CNET) to create a publicly traded Internet company known as NBC Internet Bob Wright, president and CEO of NBC will become the ch...

While its potential merger with USA Networks (Nasdaq: USAI) now seems somewhat unlikely, Web portal Lycos (Nasdaq: LCOS) is continuing to add e-commerce partners. On Monday, The Sportsman's Guide (Nasdaq: SGDE), which sells outdoor clothing and equipment via catalog and its online store, announced a marketing agreement with Lycos The Sportsman's Gu...

Drugstore.com may be the biggest player in online sales of health products, but leading health information site HealthCentral.com has decided to partner with two of Drugstore.com's competitors. Today, HealthCentral.com introduced its new e-commerce initiative by signing deals with online pharmacy PlanetRx and health and wellness superstore SelfCare...

While some analysts remain concerned that name-your-price online retailer Priceline.com's (Nasdaq: PCLN) business model could be easily replicated, the company is busy patenting its methods Priceline.com, which has seen its stock price rocket since its recent initial public offering partially because investors are intrigued by the company's unique ...

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...

In a move that could raise the awareness of eBay (Nasdaq: EBAY) among college students, the online auction house and Kinko's, a leading provider of document-copying services, announced a joint marketing deal on Wednesday "We share similar operating philosophies of around-the-clock personalized customer service and innovation in meeting customer nee...

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...

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...

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...

Online automobile buying service Autobytel.com (Nasdaq: ABTL) reinforced its leadership position in the industry on Thursday when it announced its first-quarter results. The company announced record first-quarter revenues of $8 million, 73 percent higher than the $4.6 million (US$) reported for the same quarter last year. Autobytel.com also reported a net loss of 68 per share, compared to 83 cents per share for the same quarter last year...

Online network Go2Net (Nasdaq: GNET) strengthened its small business presence on Thursday by announcing the acquisition of Virtual Avenue The purchase of Virtual Avenue, which provides free Web hosting services for small and medium-sized businesses cost Go2Net approximately $23 million (US$) in stock. The deal is effective immediately.

Amazon.com (Nasdaq: AMZN) announced mixed first-quarter results after the market closed on Wednesday, losing somewhat less than what Wall Street analysts had estimated. Amazon's losses reached US$36.4 million, or 23 cents per share in the quarter Also notable was Amazon.com's quick growth. Net sales for the first quarter were $293.6 million, an inc...

Amazon.com (Nasdaq: AMZN) went on a major shopping spree on Monday, making deals to buy three separate companies for a combined $645 million (US$). The agreements will expand Amazon.com's presence in online book and music sales and also strengthen the company's technology The most significant deal was Amazon.com's purchase of Exchange.com, which of...

Online travel agent Priceline.com (Nasdaq: PCLN) ended the quiet period after its initial public offering with a thunderous roar on Monday that dazzled Wall Street. Priceline.com, which allows customers to name their price for travel arrangements, announced that more than one million users have tried their services in the company's first year of operation, with 300,000 new consumers using the services each quarter...

Verio (Nasdaq: VRIO), the world's largest domain-based Web-hosting company and a provider of e-commerce services for small businesses, is taking e-commerce global in a major way. Today, Verio announced an agreement with Cybersource, a leading supplier of e-commerce transaction services, to offer businesses the ability to process and settle online transactions in 29 currencies...