Beth Cox

Next Level Communications Inc. , vendor of integrated broadband access systems for Very-High-Speed DSL (VDSL), managed a little breathing room Tuesday with a $20 million cash infusion from investor Motorola Inc. Next Level has been struggling with slowing carrier spending, reporting a $27.8 million net loss for its third quarter in October. Tuesday’s deal adds […]

Online sales for the eight weeks ending Dec. 7 were up 31 to 34 percent year-over-year, to an estimated $10.8 billion, according to investment research firm Goldman Sachs, but online sales growth is slowing. In an advisory to clients, GS said that its latest figures put e-commerce sales in-line with its full-year 2001 estimate of […]

Auction giant eBay is losing a COO as Brian Swette is stepping down to spend more time with his family, prompting a shuffling of responsibilities in the executive suite. However, analysts said that although Swette was a key player at eBay, the management team is strong enough to take his change of role in stride […]

In a play reminiscent of the heady days of the late 1990s, PayPal Inc., which bills itself as “the way to send and receive money online,” is planning to offer 5.4 million shares of stock at $12 to $14 each in its upcoming Initial Public Offering. The Palo Alto, Calif.-based company, which enables any business […]

Finally gearing up for the holidays, American consumers spent an estimated $2.6 billion online during the first week of December, jumping 91 percent from the $1.4 billion spent during an average week in November, according to new study results. The study also shows that 45 percent of Americans are “very satisfied” with their online holiday […]

Travel site operation Expedia Inc. said that in light of Vivendi Universal’s acquisition of USA Networks’ entertainment assets, there would be no shareholder vote today on its planned acquisition by USA Networks. Paris-based Vivendi agreed to a $10.3 billion deal with USA Networks in a move aimed at improving distribution of the French media giant’s […]

Total online consumer sales in the United States for the week of Dec. 9 were an estimated $1.5 billion, according to Web measurement firm comScore Networks, which claims that its spending estimates are as good as the government’s. Reston, Va.-based comScore said its sales figures show “continued strength in hard goods, which turned in record […]

Government intelligence is sometimes an oxymoron, and that appears to be the case with House Bill 2970, introduced to improve data security but likely to do just the opposite, according to IT research and consulting firm Gartner Inc. If passed, successful hacker attacks will increase more rapidly even though the legislation should cause an increase […]

If you’re an online retailer selling anything that might remotely be considered a holiday gift, it’s time to roll out your last-minute delivery plans, and that’s just what companies from America Online to Yahoo! are doing. AOL’s Shop@AOL e-commerce operation launched an online catalog featuring quick-click gifts “sure to arrive by Christmas Day.” And Yahoo! […]

Here’s a grinchy kind of report (well, not so grinchy if you’re the boss) that says online holiday shopping could cost corporate America half a billion dollars in lost productivity this year. Philadelphia-based Pearl Software says that it arrived at its estimate by calculating the number of Americans who use the Web at work — […]

Online travel business Expedia Inc. was scrambling today, trying to find out how its planned acquisition by Barry Diller’s USA Networks Inc. might be affected by the news that Vivendi Universal is in talks to acquire the entertainment assets of USA. Bellevue, Wash.-based Expedia issued a statement that said in essence the Dec. 17 shareholder […]

Yahoo! Inc.’s Enterprise Solutions division has launched a new strategy services practice, calling it a key new element in the company’s efforts to expand business service offerings to clients. It’s also yet another move to diversify the revenue stream at Sunnyvale, Calif.-based Yahoo! , which has been overly dependent on slumping Internet advertising revenues. Yahoo! […]