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PC maker Gateway (NYSE: GTW) has invested $21 million (US$) to purchase a 19.9% stake in the NECX Office and Personal Technology Center, the e-commerce subsidiary of computer products reseller NECX. The deal includes an option for Gateway to buy the entire subsidiary ...

Looking for yet another reason to be bullish about Amazon.com? There's now an extremely compelling one. Amazon.com (Nasdaq: AMZN) announced on Wednesday that it owns approximately a 46 percent stake of online drug retailer Drugstore.com ...

Netscape has selected VeriSign as the premier provider of e-commerce security technology for Netscape customers, including America Online shoppers. The two companies plan to integrate VeriSign's digital certificate services with Netscape client and server products, while launching a co-branded Netcenter Security Center Web site ...

Barnes and Noble, Inc. (NYSE: BKS) reported that its online unit, BarnesandNoble.com, reached $70.2 million (US$) in sales during 1998, representing an impressive increase of 381 percent over the previous year's figures. The results topped the company's projections of $60 to $65 million, thanks to a stronger than expected holiday sales season. However, despite its strong growth, the bookseller's e-commerce unit is still operating at a loss...

eMarketer, a New York based Internet business consultancy, reported that 26% of U.S. teens who use the Internet are actually spending money online. Despite the growing percentage of teenage online shoppers, however, the total Internet sales generated by this group amounted to a small fraction of their overall spending. Looking ahead, eMarketer projects that teens will spend $1.3 billion (US$) online in 2002, out of a total $122 billion that they are expected to spend overall, both offline and on the Internet...

Atlanta-based electronic data interchange (EDI) vendor Harbinger Corporation (Nasdaq: HRC) announced plans yesterday for a March launch for harbinger.net, a business to business e-commerce portal that will enable Internet communication between trading partners no matter what business system, data format or communications protocol either partner may be using...

Reports are circulating that e-commerce powerhouse America Online and auction site eBay are in talks that could possibly result in AOL's taking a minority position in eBay. AOL declined comment and eBay execs weren't immediately available. Though, AOL's CEO Steve Case has reportedly told the Wall Street Journal that eBay is one of the Web businesses he most admires...