Bob Liu

priceline.com on Thursday announced it has secured an additional $25 million from General Atlantic Partners LLC to finance its Priceline Europe operations, bringing the total amount of its investment in the new company to $50 million. General Atlantic helped capitalize Priceline Europe’s Web site (www.priceline.co.uk) at its inception last June. The company operates as an […]

priceline.com Inc. and Microsoft Corp. on Tuesday settled a patent infringement case relating to the software giant’s Expedia Inc. subsidiary that dated back to October 1999. The lawsuit, filed in U.S. District Court in Connecticut, alleged that Expedia infringed on at least three of priceline.com’s patents when it introduced a buyer-driven ecommerce hotel-booking service. The […]

The Chinese government has granted licenses for two commercial Web sites, SINA.com and SOHU.com, to carry the official state news. With the licenses from the State Council’s Ministry of News, SINA.com and SOHU.com now join a select list of Web sites that publish online news from Xinhua, the state-run Chinese news agency. Chinadotcom already carries […]

NetZero Inc., the Westlake Village, Calif.-based Internet service provider, has filed a lawsuit against its Silicon Alley-based rival Juno Online Services Inc. for patent infringement. The suit, filed Tuesday in the U.S. District Court in Los Angeles, centers around the technology that enables an Internet service provider to display advertisements or messages through a window […]

YouthStream Media Networks, an Alley-based integrated media and marketing services company targeting teens and young adults, late Friday disclosed its board has decided to discontinue two of its operating subsidiaries: its online community site called “sixdegrees” and its ASP business known as Sodalis. YouthStream Media purchased the sixdegrees site in January. The community site was […]

AT&T Broadband, a wholly owned subsidiary of AT&T Corp., is scaling back on its expansion plans due to what one vendor described as “end-of-the-year budget balancing” and has told several of its supplies to suspend shipment of pending orders. AT&T Broadband officials said the company is merely managing to stick to the original 2000 capital […]

New Edge Networks Monday announced it is eliminating 135 jobs, or about 30 percent of its workforce, in a proactive step to stay on a path to profitability and stretch a new cash infusion through much of next year. The announcement comes after nearly one month after the competitive local exchange carrier netted about $140 […]

Leading Linux platform vendor Red Hat, on Thursday promoted its vice president of operations, Kevin Thompson, to the position of chief financial officer. The announcement came on the same day that Red Hat held its first-ever analysts day where the company planned to outline its business strategy to achieve the 80 percent revenue growth and […]

NBCi is beginning to see the fruits of its labors, thanks in large part to its belt-tightening and structural reorganizations. In announcing smaller-than-expected losses for the third-quarter, NBCi said it anticipates operating profits (that is, before non-cash charges) by the fourth quarter of 2001 or the first quarter of 2002, approximately two quarters ahead of […]

Mail.com Inc. is getting out of the online advertising business to focus on messaging. As such, the company promoted the heads of the outsourced messaging business to oversee all of Mail.com. Amid announcing losses that were in line with expectations, the Silicon Alley company also said it has retained the services of SG Cowen to […]

Global Sports Inc. and Fogdog Inc., two well-known names in the realm of online sporting goods, on Tuesday announced they have entered into a definitive merger agreement for Global Sports to acquire all of the outstanding shares of Fogdog for approximately $38.4 million. Global Sports said it expects to integrate certain e-commerce applications developed by […]

Bidcom Inc. and Cephren Inc., two leading providers of Internet services to the $3.9 trillion engineering and building industry, have agreed in principle to merge the two companies with the combined company to be named Citadon, Inc. The merger will result in an industry-leading position with the list of customers reading like a “Who’s who” […]