Articles by Nora Macaluso

Amazon.com (Nasdaq: AMZN) was up 13/8 at 26 early Monday after Goldman Sachs repeated a trading buyrecommendation on the stock "With three important weeks remaining, Amazon appears on track for a strongQ4," wrote Goldman analyst Anthony Noto. Sales of products other than books,music and videos are strong, and are likely to make up a "significantlyg...

While most U.S. holiday shoppers still plan to buy their seasonal gifts atbrick-and-mortar stores, a growing number intend to do more shopping onlinethis year than last, according to a study released Thursdayby Goldman Sachs & Co. and PC Data Online According to the survey, online shoppers intend to buy an average of 47percent of this year's holida...

PetSmart.com has ended a plan to sell shares to the public, asking U.S. securities regulators Thursday to withdraw its offering documents because of "unfavorable market conditions." PetSmart.com, which operates the online division of pet-supply retailer PetSmart (Nasdaq: PETM), filed with the U.S. Securities and Exchange Commission in February to s...

Ariba, Inc. (Nasdaq: ARBA) ended Thursday up 4 3/8at 62 1/4, erasing an early decline sparked by news of a new chieffinancial officer and an analyst downgrade The Mountain View, California-based business-to-business (B2B) e-commerce companysaid Robert M. Calderoni, former CFO of Avery Dennison Corp., will succeedEdward P. Kinsey, who is retiring. K...

Amazon.com (Nasdaq: AMZN) attracted more visitors than any other e-tailer during the first four weeks of the holiday shopping season, audience measurement firm Nielsen//NetRatings said Thursday Amazon saw nearly 54 million visitors between October 30th and November 26th, up 39 percent from the start of the season and more than five times as many vi...

Gateway, Inc. (NYSE: GTW) plunged 109/16 to 18 15/16 in the first few minutes of trading Thursday after the computer manufacturer said fourth-quarter results will be well below Wall Street estimates Because of sluggish demand for personal computers (PCs) this holiday season,revenue for the quarter will be flat at about US$2.55 billion, $500 million...

PurchasePro (Nasdaq: PPRO) rose 1to 14 7/8 Wednesday after the company announced a new chief operating officer PurchasePro, a Las Vegas, Nevada-based operator of business-to-business(B2B) online marketplaces, said Shawn McGhee will take over the COO dutiesfrom Christopher P. Carton. Carton, one of the company's founders, will remainpresident and a ...

Workers at Etown.com and ShopAudioVideo.com will become the first dot-com employees to vote on whether to have union representation The Newspaper Guild-Communications Workers of America filed apetition with the National Labor Relations Board (NLRB) on Monday seeking an election, after getting approval fromabout 70 percent of the two companies' 36 c...

Drkoop.com, Inc. (Nasdaq: KOOP) tacked on1/32 to 23/32 Tuesday after the struggling health care Web company saidPricewaterhouseCoopers will stay on as its independent auditor PricewaterhouseCoopers had planned to quit its association with the companyafter the completion of a US$27.5 million private placement. "Followingdiscussions with the company'...

Amazon.com (Nasdaq: AMZN) fell 221/32 to 25 1/32 Tuesday after Banc of America Securities analysts said theyexpect the e-tail giant to experience a slowdown in growth next year "We are becoming incrementally cautious on the stock, based on our beliefthat Amazon's rate of growth will slow considerably in calendar 2001,without sufficient visibility o...

Half of the 22 publicly traded U.S. consumer e-commerce companies will need to raise cash before the 2001 holiday season, and those that fail to do so are likely to fall by the wayside, according to a report released Monday by Goldman Sachs & Co By mid-2001, just 12 to 14 of the 22 are likely to be around, Goldman analyst Anthony Noto said. However...

Intuit, Inc. (Nasdaq: INTU) rose 1 15/16to 47 11/16 Tuesday after the company agreed to sell its online insurance servicesdivision to InsWeb Corp. in exchangefor a 16.6 percent stake in InsWeb, worth about US$14 million As part of a related agreement, Sacramento, California-based InsWeb willbecome the exclusive aggregator of online insurance servic...

America Online, Inc. (NYSE: AOL) was up 25/64 at 44 23/64 early Tuesday following reports that the U.S. Federal Trade Commission (FTC) delayed for the second time a meeting at which commissioners were expected to block the company's planned merger with Time Warner (NYSE: TWX) According to press reports, negotiations that would allay regulators' ant...

Youbet.com, Inc. (Nasdaq: UBET) was down23/64 at 51/64 Tuesday after announcing that it will lay off nearly 30 percent of its workforce and that its president has resigned. In all, 34 jobs will be cut The company said it is attempting to conserve cash so it canproceed with the ongoing aggressive development and expansion of its core horse-racing bu...

E-Stamp Corp. (Nasdaq: ESTM) said Monday it will phase out its online postage business to concentrate on Internet-based shipping and logistics As part of the plan, the Mountain View, California-based company said it will cut about 30 percent of its jobs....

Commerce One, Inc. (Nasdaq: CMRC)was up 3 1/16 at 42 5/16 early Monday after the company announced a pushinto Korea with a new online marketplace for businesses in the region The new GTWeb Korea will be the country's first online marketplace forbusiness-to-business (B2B) e-commerce that provides "a full range ofe-commerce products and services," Co...

Internet Capital Group, Inc.(Nasdaq: ICGE) gained 2 3/32 to 8 5/32 Friday after directors adopted ashareholder rights plan designed to discourage hostile takeover attempts The Wayne, Pennsylvania-based holding company for Internet businesses saidshareholders will receive a dividend of one right for each common share heldas of the close of business ...

Approximately 95 percent of Australian children aged 5 to 14 haveused a computer in the past 12 months, and 47 percent have accessed the Internet over the past year, according to a report released Wednesday by the Australian Bureau of Statistics Most kids said in the survey that they use their home computers for school or educational activities, as...

B2bstores.com (Nasdaq: BTBC) fell5/32 to 1 3/16 Tuesday after the company agreed to be acquired bymedical-supply company Ivax Corp. (AMEX:IVX) B2b stores, which sells industrial supplies including food-service and janitorialequipment online, will give Ivax 20 million newly issued common shares asthe company merges with the Ivax Digagnostics unit....

Openwave Systems, Inc. (Nasdaq: OPWV)plunged in its first day of trading, dropping 8 1/16 to 79 11/16 amid ageneral slide in technology issues. The drop came despite reports of rosy financial projections from company officials Openwave, which was formed by the merger of Phone.com and Software.com,provides Internet-based communication infrastructure...