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Report: E-Commerce Surging Down Under

A report released Wednesday by consulting firm Ernst & Young predicts that Australian e-commerce will grow from US$3.1 billion in 2000 to $39 billion in 2004. The number of e-shoppers is also set to explode, growing from 2.2 million in 2000 to 5.84 million in 2004 The report, which was based in part on data from IDC, found that the average Australi...

i2 Beats Estimates, Expects Growth

i2 Technologies (Nasdaq: ITWO), the Dallas, Texas-based maker of business-to-business (B2B) software, reported fourth-quarter results that beat analyst expectations, and said that it sees no sign of a slowdown in demand for its products The company said that revenue for the quarter climbed 116 percent from a year earlier, to US$378 million. Full ye...

NBCi Cuts 150 Jobs Amid Net Ad Downturn

In a bid to reduce costs and eventually obtain profits, NBC Internet (Nasdaq: NBCI) announced Thursday that it is cutting 150 jobs, or approximately 30 percent of its workforce. The San Francisco, California-based Internet portal, which is backed by NBC and CNet, also lowered its revenue projections for 2001 from US$150 million to $100 million.

Walmart.com Harvests Garden.com Assets

Just two months after announcing plans to shutter its operations,Garden.com said Wednesday it has completed the sale of its major assets to Walmart.com and the parent firm of gardening company W. Atlee Burpee & Co. for a total of US$4.43 million Although it had been in business for nearly five years and attracted 1 million members during that time,...

Vignette Plummets on Outlook, Downgrades

Vignette Corp. (Nasdaq: VIGN) sankmore than 40 percent in the first half hour of trading Thursday, losing 5.38to 7.12 after the e-commerce software maker lowered its projections for thecoming year and said it will consolidate operations Vignette said revenue for the fourth quarter totaled US$123.9 million, up203 percent from a year earlier and 12 p...

Drkoop.com Slips After Shelving Reverse Split

Drkoop.com, Inc. (Nasdaq: KOOP) slipped0.09 to 0.50 Wednesday after the company said it canceled plans to hold ameeting for shareholders to vote on a reverse stock split that would haveallowed the company to avoid delisting from the Nasdaq composite stock index Drkoop.com, which was still trading at about 0.50 early Thursday,is in danger of being r...

Travelocity Eyes Profits After Beating Street

Travelocity.com (Nasdaq: TVLY) said Wednesday that it brought in record revenue for the fourth quarter of 2000 and predicted that it would turn profitable by summer. The online travel site said that it brought in US$65.5 million in revenue during the quarter, more than double the same period a year earlier. Travelocity also cut its operating loss ...

Apple Gains on Profit Forecast

Apple Computer Corp. (Nasdaq: APPL) was up 0.937 at 17.75 in early trading Thursday after the computer maker, asexpected, reported a loss for the first quarter ended December 30th Company officials were optimistic about the future, however, predicting areturn to profitability in the current year as it gets rid of excessinventory....

Where Is CDNow, Now?

Most Net users and e-commerce watchers haven't heard a great dealabout CDNow lately. But that mightbe the way the former high-flier wants it After CDNow dominated the e-commerce headlines in 2000 with its financial troubles, a U.S. Federal Trade Commission (FTC) lawsuit, and a buyout by media giantBertelsmann AG, the company appears to have vanishe...

The Net's Overnight Disappointment

Does anyone really still believe that we are one revolutionary invention away from nirvana? You would think so, given the hype that briefly accompanied the mysterious product known as "Ginger." It just doesn't work that way. The two inventions Ginger was set to rival -- the personal computer and the World Wide Web -- didn't do their world-changing ...

eToys Soars on Buyout Speculation

Amid speculation that troubled e-tailer eToys (Nasdaq: ETYS) may be close to finding a buyer, shares in the company jumped from 19 cents per share Tuesday morning to 59 cents by the closing bell Over 40 million shares -- more than six times the company's average daily volume of 5.9 million shares -- changed hands on Tuesday....

Study: Web Surfing Fell at Year's End

Putting a damper on positive e-commerce sales figures from the recent holiday season, a report released by Nielsen//NetRatings on Wednesday said that Internet users spent less time surfing the Web both at home and at work during the final months of 2000 The average time spent online has been dropping steadily, falling from 17.5 hours in October to ...

New Data Confirms $10B+ E-Holiday

A report released Wednesday by Jupiter Research has further confirmed that U.S. consumers spent more than US$10 billion online during the recently concluded holiday shopping season Jupiter said that U.S. consumers spent $10.8 billion online during November and December, a 54 percent spike from last year's levels and a 126 percent leap from the 1998...

LookSmart Gains on Amazon Deal

LookSmart (Nasdaq: LOOK) was up 0.50at 3.468 in early trading Wednesday after the company announced a subsitelistings deal with e-tail giant Amazon.com (Nasdaq: AMZN) Amazon will promote "thousands" of product categories through LookSmartdirectory links and keyword searches, which will enable users to connectdirectly to relevant shopping areas of A...

WebTrends Falls on Merger Plan

WebTrends Corp. (Nasdaq: WEBT) wasdown 2.375 at 30.50 early Wednesday after the company agreed to be acquiredby NetIQ Corp. (Nasdaq: NTIQ) for stockworth US$36 per share, or about $1 billion Under the agreement, which was approved by both companies' boards, WebTrendsshareholders will receive 0.480 NetIQ common shares for each of theirWebTrends shar...

E-tail & Retail: The Felix and Oscar of Sales

Right now, online commerce and offline commerce are trying to work out how much they need one another -- in kind of the same way The Odd Couple would Cue voice-over: "Can two kinds of retailers share a consumer market without driving each other crazy?" ...

E-tail & Retail: The Felix and Oscar of Sales

Right now, online commerce and offline commerce are trying to work out how much they need one another -- in kind of the same way The Odd Couple would Cue voice-over: "Can two kinds of retailers share a consumer market without driving each other crazy?" ...

Ailing Drkoop.com Cuts 45 Jobs and Heads West

In a bid to survive the ongoing dot-com shakeout, Drkoop.com (Nasdaq: KOOP) said Tuesday that it will cut 45 workers primarily in its Austin, Texas offices and move the company's headquarters to Santa Monica, California. Michael Davis, vice president and research area director for the Gartner Group, told the E-Commerce Times that Drkoop.com's late...

E-tail & Retail: The Felix and Oscar of Sales

Right now, online commerce and offline commerce are trying to work out how much they need one another -- in kind of the same way The Odd Couple would Cue voice-over: "Can two kinds of retailers share a consumer market without driving each other crazy?" ...

Low Marks for Apparel E-tailers

Shoppers who took to the Internet over the recent holiday season to buy clothing often met with a negative experience -- one that has diminished their interest in making such purchases online in the near future -- according to a new study from consulting firm Accenture (formerly Andersen Consulting) and customer service outfit Vividence Half of tho...

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