Erin Joyce

Wireless software firm Motient is set to merge with New York-based incubator/venture firm/interactive agency Rare Medium in a deal estimated at between $125 million and $130 million. The companies said the merger would create an outfit that owns and operates the largest wireless data network in the United States, complemented by a broad range of […]

April was a cruel month for Worldwide Xceed Group , one of the hardest hit Web design shops in the aftermath of the dot-com meltdown. Facing a delisting notice from the Nasdaq Stock Market for failing to maintain a high enough bid price on its stock, the Alley firm filed a voluntary petition for Chapter […]

As rumors of its demise were spreading through chat rooms and message boards Wednesday afternoon, New York-based instant-delivery firm Kozmo announced it would cease operations immediately. The news ends months of speculation that the sluggish economy and skittish investors impatient for signs of profitability would spell the end of the online order and delivery outfit, […]

The chief financial officer of interactive services and incubator firm Rare Medium Group has resigned, the company announced during its earnings results Wednesday evening. During a conference call to discuss the earnings, company officials said Jeff Kaplan was leaving to pursue other business opportunities. Craig Chesser, vice president of finance and treasurer, and Michael Hultberg, […]

Silicon Alley interactive services firm Razorfish, Inc., announced a pro forma net loss of $19.8 million, or $0.20 per share, for the fourth quarter ended Dec. 31 of 2000. It’s the first quarter that the once high-flying interactive shop failed to post a cashflow-positive quarter before one-time charges. During the fourth quarter of 1999, Razorfish […]

Interactive agency Xceed Inc., said more restructuring charges were in the offing after it reported a net loss of $139.2 million, or $5.82 per share, for its fiscal fourth quarter which ended August 31. The results represent a 3,662 percent increase over the year-ago loss of $3.7 million, or $0.21 per share. Xceed’s fourth quarter […]

E-mail marketing isn’t the only direct response Internet play getting attention from investors. In the world of marketing campaigns, a list is not a list is not a list. Lots of companies, especially smaller businesses for example, often struggle to make sense of the pricey list of data they’ve just purchased or even painstakingly compiled. […]