Articles by Nora Macaluso

In another move that could have a ripple effect on the online music business, German media giant Bertelsmann AG has named Joel Klein, the former U.S. Justice Department antitrust chief, to head its U.S. operations Klein, who lead the government's antitrust case against Microsoft, will bea "key strategic adviser" to Bertelsmann chief executive offic...

MP3.com (Nasdaq: MPPP) was at US$5.44 early Thursday, up 47 cents, after the Internet music provider reported a smaller loss for the fourth quarter ended December 31st MP3.com chief executive officer Michael Robertson said the company is poised for growth.

Sprint Corp. (NYSE: FON) fell toUS$24.23, dropping 57 cents in early trading Thursday, while its Sprint PCS division rose 63 cents to$31.13, after the companies released fourth-quarter results Sprint, a Kansas City, Missouri-based long-distance telephone company, saidrevenue for the fourth quarter ended December 31st was $4.39 billion, down from$4....

Applied Materials, Inc. (Nasdaq:AMAT) was down US$1.38 at $51.06 in morning trading Wednesday, after thecompany said its first-quarter results will suffer from a recent drop indemand for its products Applied Materials, which makes equipment used for manufacturing semiconductors, said it is beginning to see the effects of an industry-wide slowdown i...

PurchasePro, Inc. (Nasdaq: PPRO) rose US$1.73 to $29.19 early Wednesday after the company announced an expanded alliance with AOL Time Warner (NYSE: AOL) that includes a print and television advertising campaign PurchasePro, which makes business-to-business (B2B) e-commerce software, said it will promote its products "across a broad array of AOL Ti...

Gateway, Inc. (NYSE: GTW) was at US$21.16 early Tuesday, down 50 cents, after the computer maker said chairman Ted Waitt will return to managing operations at the company he founded 15 years ago, taking over as its chief executive officer. Waitt replaces Jeff Weitzen, who is retiring after just a year at the helm of San Diego, California-based Gat...

eGain Communications Corp. (Nasdaq: EGAN)was trading at US$5.81 early Tuesday, up 91 cents, after reporting strong results forthe second quarter ended December 31st and moving up its target forprofitability "From almost every perspective, we are executing ahead of plan," saidchairman and chief executive officer Ashutosh Roy. "We drove top-linereven...

Cisco Systems, Inc. (Nasdaq: CSCO) was down US$1.81 at $36.56 in early trading Monday following reports that the company is seeing a weaker quarter than previously thought Chief executive officer John Chambers told reporters at the World Economic Forum in Davos, Switzerland, that business in January had been slow, though the company's long-term out...

U.S. technology and e-commerce stocks were falling at midday Friday for a second day in a row, as a wave of earningsdisappointments continued to keep investors on edge The Nasdaq Composite Index was down 52.54 at 2701.74 in late-morningtrading, led by declines in Cisco Systems (Nasdaq: CSCO), Ericsson (Nasdaq: ERICY) and PMC-Sierra (Nasdaq: PMCS).

American depositary receipts for Ericsson (Nasdaq: ERICY) were down US$1.81 at $11.19 early Friday after the Swedishmobile-phone maker said results for the last quarter were weaker than analysts hoped,and that it would stop making its own products, outsourcing productioninstead Ericsson said sales and orders were higher in the fourth quarter endedD...

BroadVisionInc. (Nasdaq: BVSN) wasdown US$2.19 at $12.69 in morning trading Friday after missing analysts'targets for fourth-quarter 2000 growth Analysts at firms including Prudential Securities, CIBC World Markets andFirst Union Securities reportedly downgraded their ratings on BroadVisionafter the report....

Kana Communications, Inc. (Nasdaq: KANA) was down $2.38 to $7.06 early Thursday, after the company reported Wednesday a wider loss for the fourth quarter ended December 31st Analysts at several firms reportedly downgraded Kana shares following the news, with Credit Suisse First Boston and Williams Capital cutting their ratings to hold from buy, Gol...

According to venture capital research firm VentureOne, there was not a single venture-backed e-commerce initial public offering (IPO) in the last three quarters of 2000. So, can the market for e-commerce IPOs possibly can get any worse? Worse than zero?...

Wall Street investors bumped 1-800-Flowers.com (Nasdaq: FLWS) up 19 cents to $5.88 in early trading Wednesday, after the company said strongholiday sales led to a solid second quarter, ended December 31st, of fiscal 2001. The e-tailer repeated its goal of achieving 18 to 20 percent revenue growth in the second half of the fiscal year, with aprofit...

Compaq Computer Corp. (NYSE: CPQ) was upUS$2.20 at $22.25 early Wednesday after the computer maker reported resultsthat were ahead of analyst estimates Analysts at UBS Warburg reportedly repeated a buy recommendation on Compaqafter the news, while Lehman Brothers and J.P. Morgan Chase reportedlyupgraded the stock to buy....

Portals and Internet service providers (ISPs) are going to start charging online marketers for the massive volume of e-mail being sent across the Web, according to a report released Wednesday by Jupiter Research In 2005, advertisers are expected to send some 268 billion e-mail messages -- 22 times the number of e-mails sent last year, and more than...

Few U.S. companies currently use the Internet to purchase supplies, although most executives see the Web as an important part of their business in the future, according to a study released Monday by a trade organization Most companies are "still in the early stages of Internet adoption," said the National Association of Purchasing Management (NAPM)...

Growth of Canadian at-home traffic to retail Web sites almost leveled off in December, according to a study released Monday by Media Metrix Canada Though 6.3 million people, or nearly half of all Canadians online, visited a retail Web site in December, that total represented a 3 percent increase from November, which saw6.1 million visitors, accordi...

Following the announcement of staff layoffs and an executive departure last week, Drugstore.com(Nasdaq: DSCM) on Monday reported a narrower than expected loss for the fourth quarter and that net sales for the fourth quarter of 2000 topped sales figures for all of 1999. Not impressed with the results, Wall Street brought shares of the company's sto...

Dell Computer Corp. (Nasdaq: DELL) wasdown US$1.38 at $24.25 early Monday after the computer maker said operatingresults for the fourth quarter will be below earlier expectations because of "deterioration inglobal economic conditions and overall demand for computer systems andservices." Austin, Texas-based Dell added that unit shipments grew at fou...