InternetNews Staff

[January 22] The number of Koreans using the Internet reached a new high of 19.04 million at the end of last year, a Korean government agency announced last week. The new high is an increase of 8.18 million from 10.86 million at the end of 1999, the Korea Network Information Center (KRNIC) said. The figure […]

New media advertising agency BMCMedia is seeking to raise around $13 million to fund the continued development of its Asia Pacific business, announcing it will be undertaking a renounceable Rights Issue. The Rights Issue entitles all shareholders with registered Australian or New Zealand addresses to subscribe for one new share for every three they currently […]

Two of Seattle’s biggest Internet companies, InfoSpace and Microsoft, today announced an agreement to integrate and extend InfoSpace’s broadband services and interactive TV applications to the Microsoft TV platform. At this week’s NATPE (National Association of Television Program Executives) 2001 Conference and Exhibition in Las Vegas, InfoSpace will demonstrate a customized financial iTV application developed […]

After Friday’s announcement that the company would layoff 125 employees in a cost-reduction effort, drugstore.com today reported a pro forma net loss for the fourth quarter of $28.6 million, or $.45 per share. After, a tough year on the market, where according to a recent Seattle Times study, drugstore.com came close to triggering a delisting […]

InfoSpace today announced a slough of management changes, including the reappointment of Naveen Jain as Chief Executive Officer, effective immediately. In addition, the company has internally appointed a new COO and CFO. “At first glance it seems like there are a lot of changes in the management, but the facts are that very little has […]

[19 January 2001] – Speaking at the Dubai Emerging Markets Economic Forum (EMEF) on Electronic Commerce, Donald J. Johnston, Secretary General of the Organization for Economic Co-operation and Development, said that while the Digital Divide has widened, information and communication technology (ICT) is essential for the advancement of developing countries. Johnston said that in October […]

[London, ENGLAND] Recent press speculation about the threat posed by the Internet worm known as “Davinia” is misinformed, say experts at Russian data-security company Kaspersky Lab. “We are quite sure that ‘Davinia’ poses absolutely no threat, simply because the Web site that was used to penetrate into a user’s computer was shut down right after […]

In an effort to highlight the achievement of female entrepreneurs in the hi-tech community, The Forum for Women Entrepreneurs and the National Women’s Business Council has invited four Seattle-based, women-led companies, to present at Springboard 2001: Silicon Valley Venture Forum. Katarian Bonde, CEO of Glides, Inc., Rosemary O’Neill, CEO of InfoPop Corp., Suzan DelBene, CEO […]

For many people working on the World Wild Web, those words have been the first in a sentence that ends with sacking, dismissal or retrenchment. Among them, this week, 171 employees of Looksmart. An ironic rising bodycount in what was, only six months ago, a ‘war for talent.’ Employee relations will become an increasing flashpoint […]

Vancouver, B.C.-based Fuzzy Logic Software Corporation has entered into a non-binding Letter of Intent to acquire 100% of Free Trade Medical Network Inc. The transaction will proceed by way of a share exchange according to legally binding Formal Documentation, which is in the process of being prepared. Free Trade Medical Network Inc. provides Canadians, and […]

Bellevue-based INTERLINQ Software Corporation, a provider of business transaction software, today reported a loss in net revenue for the second quarter that ended December 31, 2000. The Company reported revenue of $4,118,000, representing a 13% decrease compared to the second quarter last year. Net loss for the quarter was $720,000, or $0.15 per share, on […]

IBM is no doubt all smiles today after announcing fourth quarter earnings of $2.7 billion, or diluted earnings per share of $1.48, compared to $2.1 billion, or $1.12 per share, during the same time a year ago. The results beat analysts’ expectations and represented a 28 percent increase from the same period a year ago. […]