Articles by Nora Macaluso

Amazon.com (Nasdaq: AMZN) rose 21/16 to 23 7/16 Friday following reports that Credit Suisse First Bostonrepeated a buy recommendation on the stock The recommendation was given added weight by reports that CSFB analyst JamieKiggen himself had worked a few days as a seasonal helper at a companywarehouse to see how things were going, and came away con...

Computers passed books to become the No. 1 e-tail category this week as e-commerce Web sites enjoyed a record number of holiday visitors, according to the latest tracking survey from Jupiter Media Metrix The Media Metrix Online Shopping Index for the week ended December 3rd was 31.2 percent higher than the same week last year, rising to 35.6 millio...

Internet music company Liquid Audio, Inc. (Nasdaq: LQID) has jumped into the bidding for bankrupt Scour, the online entertainment venture backed in part by Hollywood heavyweight Michael Ovitz Liquid Audio, based in Redwood City, California, said it is filing a bid forScour's technology assets, including its peer-to-peer file-sharingapplication, wit...

The stock price of Ask Jeeves, Inc. (Nasdaq: ASKJ) lost more than half its value in the first few minutes of trading Friday, falling4 61/64 to 4 47/64, after the company said it will report a bigger-than-expected loss from continuing operations and that that its chief executive officeris stepping down The Emeryville, California-based search-engine ...

Viant Corp. (Nasdaq: VIAN) fell 1/8 to 41/8 Thursday after the company became the latest Internet consultant toannounce layoffs and a restructuring to combat an industry slump The Boston, Massachusetts-based consulting company said it will lay off 125 employees,taking a fourth-quarter charge of US$5 million to $7 million, and refocus itsresources o...

Yahoo! Inc. fell Thursday for the secondday in a row, reaching a 52-week low after yet another analyst expressedconcern about the effect of slowing Internet advertising sales on thecompany Yahoo! dropped 2 9/16 to 34 15/16 after W.R. Hambrecht analyst Derek Browncut his investment rating on Yahoo! to neutral from buy, saying a weakmarket for online...

Online automobile seller CarsDirect.com announced Wednesday it has suspended plans for an initial public offering (IPO), saying that the market for new issues is too weak "Market conditions today are simply unreceptive to new offerings, prompting us to delay our IPO," said Bob Brisco, chief executive officer of the Los Angeles-based company, which ...

Ventro Corp. (Nasdaq: VNTR) rose 11/32to 2 7/32 Wednesday after announcing a restructuring that includes theshuttering of its Chemix and Promedix online marketplace divisions The Mountain View, California-based operator of business-to-business (B2B)marketplaces had been seeking buyers for Chemdex, a life sciences exchange,and Promedix, a specialty ...

Internet consulting company Scient (Nasdaq: SCNT) was down 2 1/16 at 2 7/16 early Thursday after the company said results for the quarter endingDecember 31st will be worse than previously expected The San Francisco, California-based firm said anindustry-wide slowdown put pressure on results. To cope with the changingmarket, Scient said it will elim...

Critical Path, Inc. (Nasdaq: CPTH) dropped 35/16 to 24 5/8 in the first few minutes of trading Thursday after thecompany, which provides business-to-business (B2B) Internet messaging services and software,announced a new chief financial officer The plunge, amid a general decline in technology stocks, came despite thecompany's reiteration that it is...

Adding yet another dot-com shutdown to the ever-growing list, e-tailer Babygear.com has closed shop and filed for bankruptcy liquidation A posting on the company's Web site says that the baby-products store is "unable to take orders,ship orders or issue credits," and urges customers to contact theircredit card companies to get credit for items not ...

Click Commerce, Inc. (Nasdaq:CKCM) advanced 3 3/16 to 22 5/16 Tuesday after the Chicago, Illinois-based company, which provides e-business applications and services, announced analliance with Microsoft Corp. (Nasdaq: MSFT) Microsoft will provide Click Commerce with access to Microsoft enterprise platform software, enabling Click Commerce to develop...

Xpedior, Inc. (Nasdaq: XPDR) fell 7/32to 1/2 Tuesday after the Internet consulting company said it will close someunprofitable offices, cutting about 380 jobs The Chicago, Illinois-based consultant said it will focus on such key markets asretail and distribution, telecommunications, and financial services, a movedesigned to emphasize its strengths ...

Apple Computer Corp. (Nasdaq: AAPL)plunged 2 3/8 to 14 5/8 in the first few minutes of trading Wednesday afterthe Cupertino, California-based computer maker became the latest to warn thatslow sales will hurt quarterly results Apple said "significantly slower than expected sales" of its products in thepast two months will result in revenue and earni...

3Com Corp. (Nasdaq: COMS) was down 3 3/16at 9 9/16 early Tuesday after the company became the latest high-tech company to predict a revenue shortfall for the coming quarter The Santa Clara, California-based maker of networking equipment said revenuefor the second quarter ended December 1st will be US$785 million to $800million, below previous expec...

Online privacy groups in the United States and the United Kingdom have asked government regulators, including the U.S. Federal Trade Commission (FTC), to investigate whether Amazon.com (Nasdaq: AMZN) is deceiving customers and breaking privacy laws The Electronic Privacy Information Center (EPIC) and Junkbusters said in letters made public Monday t...

Excite@Home (Nasdaq: ATHM) was up 1/4 at6 1/8 early Tuesday after the provider of high-speed Internet accesscalled off plans for a joint venture with the Chello Broadband unit of Dutch broadband provider United Group The deal would have formed a new broadband subscriber company, Excite Chello, to operate in international markets....

Ariba, Inc. (Nasdaq: ARBA) rose 1/2 to 617/16 Monday after the company said Sprint PCS (NYSE: PCS) has begun usingits business-to-business (B2B) e-commerce platform for buying supplies andservices Sprint PCS, a Kansas City, Missouri-based provider of digital telephoneservices, is using the Ariba Buyer to speed purchases for its networkoperations, s...

Collaborative Media, Inc., which last week became the first e-commercecompany to face a union vote by its workers, said Friday it would release 28 of its127 employees, or 22 percent of its workforce According tocompany president and chief operating officer Lew Brown, the decisionwas made two weeks ago and was unrelated to the union effort.

Net advertising firm DoubleClick, Inc. (Nasdaq: DCLK) fell 1 7/8 to 13 1/16 Friday, and Web content and portal giant Yahoo! dropped 11/16 to 38 15/16, following reports of analyst concerns about the online advertising market S.G. Cowen reportedly lowered revenue estimates for the companies to reflecta decline in Internet ad spending. Prudential Sec...