Articles by Nora Macaluso

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DoubleClick Gains as Results Beat Forecasts

DoubleClick, Inc. (Nasdaq: DCLK) rose in early trading Friday, gaining 2.64 to 13.89 after the online advertising company beat analysts' expectationsfor fourth-quarter earnings, even as it warned about the outlook for thecoming year DoubleClick shares had fallen Thursday ahead of the company's warning, after portal giant Yahoo! said a slowdown in I...

Tech Stocks in Limbo as Yahoo! Lowers Bar

Yahoo! (Nasdaq: YHOO) helped sink several dot-com stocks Thursday, a day after the company warned that earnings for 2001 will be hurt by slumping online advertising sales Analysts said the company is setting its expectations very low, with the intention that Yahoo! would have nowhere to go but up. Yahoo! closed Thursday at US$25.88, down $4.62 on t...

E-Loan Gains as Loan Volume Rises

E-Loan, Inc. (EELN) gained 0.78 to 2.38 Wednesday after the online lending companysaid auto loan volume in the fourth quarter rose to a record US$320 million.The Dublin, California-based company said it originated 15,671 auto loans inthe quarter, up 190 percent from a year earlier and 70 percent ahead of thethird quarter E-Loan offers consumer loan...

Study: U.S. E-Commerce Losing Global Edge

American businesses are ignoring online opportunities overseas -- including the Asia-Pacific region, where Internet use is on track to outpace the United States within five years -- according to a study released Thursday by Jupiter Research "Even though only a quarter of the global Internet population will reside in the United States by 2005, only ...

Schwab Contract Powers BEA Systems

BEA Systems, Inc. (Nasdaq: BEAS) rose 7.12 to 56.25 Wednesday afterannouncing a contract with Charles Schwab & Co Under the three-year license agreement, Schwab will use BEA's WebLogic as aplatform for "a number of mission-critical applications across the company,BEA said.

VerticalNet Gains After Scrapping Deal

VerticalNet, Inc. (Nasdaq: VERT) rose 0.406 to 5.343 early Thursday after the company called off its plan to acquire SierraCities.com, Inc. (Nasdaq: BTOB) SierraCities.com also gained, picking up 0.156 to 1.812 in the first fewminutes of trading....

Quokka Sports Falls on Forecast, Downgrade

Quokka Sports, Inc. (Nasdaq: QKKA) fell 0.12 to 0.50 Tuesday after the onlinesports company said fourth-quarter revenue will be below previous estimates Merrill Lynch analyst Henry Blodget reportedly downgraded Quokka to neutralfrom accumulate following the news, saying the company will need to raiseadditional cash in order to stay in business....

Profit Forecast Boosts Lending Tree

Lending Tree, Inc. (Nasdaq: TREE) was up 0.06 at 3.25 Wednesday, building on a Tuesdaygain, after the online lending company said it will post a profit -- beforeincome taxes, depreciation and amortization -- by the first quarter of 2002,five months earlier than previously expected The Charlotte, North Carolina-based online loan marketplace and loan...

Barnesandnoble.com Drops on Outlook

Barnesandnoble.com (Nasdaq: BNBN) was down 0.406 at 2.0 early Wednesday after the online bookseller said its acquisition of Fatbrain.com will crimp results The New York-based e-tailer said sales for the fourth quarter rose 36percent from a year earlier to more than US$103 million, while full-year salesrose about 65 percent to $318 million....

Analysts Cool to Amazon Q4 Projections

Amazon.com (Nasdaq: AMZN) issued a preliminary report Monday about its fourth-quarter performance that showed holiday sales were not strong enough to power results past Wall Street estimates, reportedly prompting analysts at three securities firms to downgrade the stock The Seattle, Washington-based e-tailer said Monday it expects net sales for the...

BEA Systems Falls on Downgrade

BEA Systems, Inc. fell 7.19 to 46.44 Monday following reports that analystsat Wit Soundview and Prudential Securities issued cautionary notes on thestock At Prudential, analyst John McPeake reportedly lowered his price target forthe stock to US$85 from $100, while maintaining a strong buy rating....

Smaller Loss Boosts WebMD

WebMD Corp. (Nasdaq: HLTH) rose 0.72 to 8.34 Monday after the Internethealth company said it will lose less money in the fourth quarter thanpreviously thought Chief executive officer Martin J. Wygod said preliminary calculations show theloss before depreciation, amortization, restructuring and related expenseswill be US$50 million to $55 million, r...

i2 Gains on Q4 Outlook

i2 Technologies, Inc. was up 1.19 at 41.94 early Tuesday after the e-commercesoftware maker said fourth-quarter revenue and earnings will beat analysts'forecasts i2 said it expects revenue to top US$370 million, which is above the $342 millionpredicted by analysts. Revenue for the full year, the company said, will bemore than $1.1 billion, as licen...

eBay Buys into Korean Market

eBay (Nasdaq: EBAY) said Sundayit will spend about US$120 million to buy a majority stake in Internet Auction Co. Ltd., Korea's largest auction Web site, giving the U.S. online auction giant a foothold in one of the world's biggest e-commerce markets The companies said the deal "combines two Internet pioneers committed to expanding online trading t...

Estimate Cut Sinks Dell

Dell Computer Corp. (Nasdaq: DELL) was down 0.94 at 18.06 early Mondayfollowing reports that Bear Stearns cut estimates for the computer maker's2001 and 2002 earnings The firm reportedly lowered its outlook for Dell's 2001 earnings per share from 92 cents to 87 cents, and cut its forecast for 2002 earnings to 90cents per share from $1.05....

Analyst About Face Sends Yahoo! Lower

Yahoo! Inc. fell 1.06 to 28.50 Friday following reports that Merrill Lynchanalyst Henry Blodget said the company's new plan to start charging auctionuser fees will generate less revenue than he previously thought According to reports, Blodget lowered his estimate for the amount of moneythe fees will bring in this year from an original US$80 million...

VerticalNet Falls as Galli Departs

VerticalNet, Inc. (Nasdaq: VERT) fell 1.34 to 3.97 early Monday after thee-commerce software maker said chief executive officer Joseph Galli resignedto become president and CEO of manufacturing company Newell Rubbermaid Galli, who joined VerticalNet last July, is being replaced by Michael Hagan,chief operating officer and a co-founder of the compan...

Study: Old Issues Still Plague E-Commerce

Security concerns and a lack of confidence in customer service are still the main issues keeping consumers from making online shopping a habit,according to data released Friday by NFO Interactive Seventy-two percent of people surveyed for the firm's "2000 Online Retail Monitor" study who said they were unlikely to buy anything online also said they...

Liquidation Plan Boosts Musicmaker.com

Musicmaker.com (Nasdaq: HITS) rose 1.75 to 4.62 Thursday after the onlinemusic provider said its directors approved a plan to dissolve the company Musicmaker said the board of directors decided that distributing the company's assets would provide shareholders with the greatest value of all the options examined. The decision was made in view of the ...

Engage Gains on Cost-Cut Moves

Engage, Inc. (Nasdaq: ENGA) picked up 0.06 to 1.19 Thursday after thecompany, which provides online marketing software and interactive mediaservices, said it will lay off half its employees in a move to cut costs Engage said it plans to integrate its businesses and operating units into a"single, cohesive organization," with an increased focus on so...

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