Archive

When 30 year-old Hani Hajje founded Torrance, California-based Power Solutions, Inc. in 1995, the Internet was still perceived to be a risky, unknown business quantity.

"Name-your-price" sales pioneer priceline.com(Nasdaq: PCLN) filed suit against Microsoft (Nasdaq: MSFT) in a Connecticut federal court today, claiming that the software giant's Expedia.com subsidiary infringed upon its patented hotel price matching service.

According to a report by industry analyst firm Dataquest, a unit of Gartner Group, Inc. (NYSE: IT), business-to-consumer e-commerce is expected to reach $380 billion (US$) worldwide in 2003.

UK car manufacturer and General Motors unit Vauxhall Motors announced today that it will add an online buying service to its Web site November 1st and become the first automaker to sell new vehicles directly on the Internet.

According to a study by Northeast Consulting Resources, Inc., e-commerce will be substantially hindered by the fact that the Internet remains slow and will probably get slower over the next few years.

LinuxMall.com, a leading e-commerce site and portal featuring commercial software, has formed a partnership with SCO (Nasdaq:SCOC), a provider of UNIX operating systems and software. With SCO's investment, LinuxMall.com is set for rapid expansion.

America Online (NYSE: AOL) announced today that its AOL Germany service has surpassed one million members, making it the first AOL service outside of the United States to break the mark.

A CBS MarketWatch (Nasdaq: MKTW) poll shows that about half of all Americans do not have Internet access, and most of those who are not online could not care less about the Web.

Spot Systems, Inc., a foreign exchange and international banking solutions provider, and Magnet Communications, Inc., a Web-based cash management, business banking, and e-commerce solutions provider, have teamed up to bring Internet-based foreign exchange capability to business desktops.

In what is believed to be the largest e-commerce transaction in history, digital imaging company Interactive Picture Corporation (Nasdaq: IPIX) and Gulfstream Aerospace Corporation announced today that they have sold the first corporate jet over the Internet.

As it prepares for its third public meeting on electronic commerce and Internet taxes, the Advisory Commission On Electronic Commerce is again asking the public for suggestions on how to make state and local tax collectors happy without stifling the Internet's growth.

Web-based movie superstore Reel.com (Nasdaq: HLYW) announced the launch of its Holiday Store today, offering gift recommendations as well as gift packages, box sets, low-price movies and live chats with Reel.com representatives.

Earlier this week, an interactive TV service began offering its UK customers e-commerce services ranging from shopping to banking via their TVs.

Shares of direct marketing company FreeShop.com (Nasdaq: FSHP), which promotes products and services with samples, free trial offers and coupons, climbed nearly 11.5 percent on Wednesday, gaining 1-3/8 to 13-3/8 after the company announced a five-year agreement with eBay.

According to a research report released yesterday by the Peppers and Rogers Group, Amazon.com and American Airlines have built the largest return customer base on the Internet.