Articles by Nora Macaluso

Network Associates, Inc. (Nasdaq: NETA) lost more than half its value Wednesday, plunging 7 1/4 to 4 1/2 after warning of a fourth-quarter loss and announcing thedepartures of three top managers The Santa Clara, California-based provider of Internet security softwaresaid it expects a loss before extraordinary items for the quarter of US$130million ...

Online shopping sites received mixed performance reviews during the just-ended holiday shopping season, with overall performance "fair," according to a report released Wednesday by Keynote Systems FedEx.com, VictoriasSecret.com, Buy.com and LandsEnd.com led in terms of overall speed and availability, according to Keynote, an Internet performance-me...

Blue Martini Software (Nasdaq: BLUE) picked up 3 1/2 to 10 1/2 Tuesday after afavorable mention in Barron's magazine, reports said. The stock was reportedly cited as a top pick in the influential finance magazine, which was released over the holiday weekend San Mateo, California-based Blue Martini provides software aimed athelping companies underst...

NetCreations, Inc. (Nasdaq: NTCR) rose 3/32 to 6 25/32 Tuesday after thee-mail marketing company said it agreed to a US$7 per-share buyout byItalian Internet service provider SEAT Pagine Gialle SpA The deal values NetCreations at a total of about $111 million....

Yahoo! Inc. surged 1 5/8 to 31 3/16 Tuesday after the online giant saide-tail sales over its properties were strong this holiday season The Santa Clara, California-based Internetcompany said that order volume for its shopping properties outside the United Stateswas more than six times that of last year. Meanwhile, sales in the U.S.nearly doubled fr...

Yahoo! Inc. on Thursday filed documents in U.S. federal court declaring that theFrench government has no right to make the company bar French residents from seeingauctions of Nazi paraphernalia over its U.S.-based Web site The declaratory judgment, filed in San Jose, California, asks the court to concur that the French government has no jurisdictio...

Two new studies indicate that consumers remain wary of making last-minute holiday purchases online, although the reports disagree about exactly when this year's holiday shopping reached its zenith According to the Nielsen//NetRatings Holiday E-Commerce Index, released Thursday, traffic to e-tailers in the week ended December 17th (the fourth week a...

MyPoints.com (Nasdaq: MYPT) was up1/32 at 1 7/32 early Friday after the company said its chief operatingofficer resigned The San Francisco, California-based company, which operates online customer-loyaltyprograms, said president Layton Han will take responsibility for thecompany's day-to-day operations after COO Chaz Berman leaves "to pursue otheri...

3Com Corp. (Nasdaq: COMS)was up 19/32 at 7 25/32 early Friday after thecompany announced better-than-expected results for the second fiscalquarter and said it plans to operate its carrier networks business as aseparate subsidiary The Santa Clara, California-based maker of networking equipment said revenuefor the quarter totaled US$789.5 million, in...

Bluefly (Nasdaq: BFLY) rose 9/32 to 23/32 Thursday after the e-tailer said revenue for the fourth quarter will be about 90 percent above the US$3.04 million seen in last year's fourth quarter The New York-based company, which sells designer fashions and home furnishings at discount prices, also expects its average order size and customer base to re...

NetCreations, Inc. (Nasdaq: NTCR) rose 2 9/32 to 6 21/32 Thursday after thee-mail marketing company said an unidentified suitor offered to buy thecompany for US$7 per share, beating a pending offer from DoubleClick(Nasdaq: DCLK) NetCreations said directors found the other offer "superior," and notified DoubleClick that the agreement was off unless ...

Approximately 27 million consumers who had planned in October to purchase holiday gifts on the Internet have since changed their mind, according to a study released Thursday by the Boston Consulting Group and Harris Interactive Research conducted in October found that 70 percent of Internet users planned to do some part of their holiday shopping ov...

VitaminShoppe.com (Nasdaq:VSHP) rose 7/16 to 3/4 on Wednesday after the vitamin e-tailer said itsmajority shareholder offered to acquire the shares it does not already ownfor US$1 in cash apiece The proposal from the shareholder group, VitaminShoppe Industries, Inc., issubject to board and shareholder approvals, as well as the signing of adefinitiv...

CMGI, Inc. (Nasdaq: CMGI) fell 32/32 to 517/32 Wednesday following reports that executives at the company's annualmeeting failed to reassure shareholders about prospects for the future Chairman David Wetherell reportedly told shareholders at the meeting thatdirectors had rejected an offer he made to step down, and that the board wassearching for a ...

Yahoo! Inc. (Nasdaq: YHOO) closed down1/16 at 27 15/16 Wednesday after a pair of analyst downgrades pushed thestock as low as 25 1/2 in intraday trading Analysts at CIBC World Markets and US Bancorp Piper Jaffray lowered theirratings on the stock to buy from strong buy amid increasing signs that aslow economy is putting pressure on Internet adverti...

Answerthink, Inc. (Nasdaq: ANSR) wasdown 11/32 at 3 21/32 early Wednesday after the Internet consulting companysaid it will take a charge to fourth-quarter earnings as it reduces itsdependence on dot-com clients The Miami, Florida-based company said it expects pro forma net income forthe quarter to be between breakeven and US$1 million, on revenue ...

eBay, Inc. (Nasdaq: EBAY) fell 6 to 32 5/16Tuesday after Dain Rauscher Wessels analyst George Sutton reportedlyslashed his price target for the stock to US$50 from $115 Reports said Sutton changed his view of the online auctioneer to reflect thecurrent market environment....

Further indicating that e-commerce is here to stay,a study released Tuesday by Andersen Consulting shows thatInternet shopping and browsing are "directly influencing" consumer spending in brick-and-mortar stores "This holiday season, a Web site ceases to be a nice addition or an experimental marketing channel for leading retailers," said Angela Sel...

MP3.com, Inc. (Nasdaq: MPPP) was down 1/32at 4 early Tuesday after EMusic.com, Inc. (Nasdaq: EMUS) said it sued theonline music company for copyright infringement Emusic filed a complaint in a federal court in New York, alleging that MP3 is usingtheir music without authorization. Fearless Records, Fuel 2000 Records, Gig Records, Invisible Records, ...

Garden.com (Nasdaq: GDEN) was down 3/128at 5/128 after the e-tailer said it expects its stock to be delisted fromthe Nasdaq Stock Market The Austin, Texas-based seller of garden products said it could be offNasdaq by February 9, 2001, or sooner if shareholders at a meeting January 8thapprove a planned liquidation. The company has failed to meet Nas...