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The U.S. Security and Exchange Commission's investigation of fraud at e-mail services firm Critical Path has yielded charges against three former company executives for participating in a plan to fraudulently bolster financials in 2000. Two of the former executives have agreed to settle the case....
Online advertising giant DoubleClick has announced it will pay $450,000 and revamp its business practices to end a privacy investigation launched nearly three years ago by the attorneys general of 10 states. Over the course of the inquiry, investigators sought to discern whether DoubleClick misus...
Negotiations have broken down between Texas Instruments and Korean chipmaker-for-hire Dongbu Electronics, dashing Dongbu's hopes of landing a $400 million annual contract with the technology giant. If Dongbu and Texas Instruments had reached an agreement, Dongbu would have been able to embrace...
Microsoft has stepped up what promises to be an interesting battle with AOL by planning to offer its MSN subscription service to users of Apple's Mac OS X operating system. The announcement comes shortly after AOL opted to use Netscape browser technology, rather than Internet Explorer, in its new...
AOL Time Warner has inked a deal that calls for AT&T and Comcast to relinquish their minority interest in its Time Warner Entertainment division for as much as $9 billion, according to published reports. The agreement paves the way for a possible IPO of AOL's cable arm in 2003, and ends specu...
AOL Time Warner has inked a deal that calls for AT&T and Comcast to relinquish their minority interest in its Time Warner Entertainment division for as much as $9 billion, according to published reports. The agreement paves the way for a possible IPO of AOL's cable arm in 2003, and ends specu...
AOL Time Warner has inked a deal that calls for AT&T and Comcast to relinquish their minority interest in its Time Warner Entertainment division for as much as $9 billion, according to published reports. The agreement paves the way for a possible IPO of AOL's cable arm in 2003, and ends specu...
Just as MTV changed the face of music, technology has resculpted the public relations landscape. For example, technology allows remote team members to share documents instantly, but e-mail use can result in miscommunication. "If you are in meetings for an entire morning, you will not be able to l...
As competition heated up during the summer, both the travel and computer hardware sectors saw an uptick in online sales, according to the comScore Media Metrix U.S. Top 50 Internet report for July. Overall, online consumer sales increased to $6 billion, a 26 percent jump from a year ago. The 50 s...
Sounding the death knell for its hopes of providing round-the-clock trading for investors, Nasdaq has halted plans to move forward with Nasdaq Japan, saying it will withdraw from the troubled Japanese effort by October 15th. The Nasdaq Japan board of directors expressed "deep regret" about termin...
AOL Time Warner has admitted that three deals involving payment to its AOL unit from third parties, amounting to $49 million, might have been erroneously declared as advertising revenue. The company called the transactions in question "an insignificant portion" of its revenue, but nevertheless sa...
The high-profile financial crimes at companies like WorldCom and Enron might lead some to wonder whether high-tech companies are magnets for fraud. Andrew Bartels, a Giga Information Group analyst, told the E-Commerce Times that the industry does not have a genetic defect that makes it more prone...
While layoff announcements at IBM have been sporadic, the company has reported to the U.S. Securities and Exchange Commission that it has pink-slipped more than 15,000 employees, fully 5 percent of its workforce.
America Online has snubbed rival Microsoft by using Netscape browser technology in the newest iteration of its software for Mac OS X users, a move that could indicate the company might eventually oust Microsoft from its PC offerings as well. "They are certainly thinking about it," Rob Lancaster, ...
As though bankruptcy and $3.8 billion in "overstated earnings" were not bad enough, WorldCom has found that another $3.3 billion was improperly reported between 1999 and the first quarter of 2002. The discovery of the additional missing money comes on the heels of a rough period for WorldCom. The...
As if the immediate future did not look dim enough for AOL Time Warner, a group of the company's shareholders has filed what they hope will become a class-action suit against the company for allegedly misrepresenting revenue reaped from online advertising. The shareholders claim that AOL Time War...
Japan has deployed a mandatory identification network that requires each Japanese citizen to have an 11-digit identification number, similar to the Social Security numbers assigned to U.S. citizens. The network, dubbed Juki Net, is designed to modernize current paper-based government systems for ...
In the early days, when profit was just a vague promise that no one seemed to care too much about, e-commerce companies tried nearly every trick in the book, no matter how outrageous or costly, to build their customer base. Online retailers have learned that buyers are much more serious about e-c...
Qwest Communications has agreed to sell its ASP (application service provider) assets to Corio, Inc. for $15 million in a deal that should be completed in late September. Under terms of the agreement with Qwest, Corio picks up the ASP operations of the telecommunications company's Qwest CyberSolut...
In an attempt to beef up its online music service, Pressplay has unveiled version 2.0, which, according to the company, will give users greater freedom in listening to, downloading and storing music. Like most online music services sponsored by record labels, Pressplay has drawn criticism from li...
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