InternetNews Staff

E-business ASP fourthchannel, inc. this morning announced it closed a $20 million second round of financing from investors in support of its e-business solutions for mid-market manufacturing and distribution companies. The financing round was led by Chicago, Ill.-based global investment management organization Brinson Partners. Additional financing partners included ABS Ventures, ABN AMRO Equity Partners, CID […]

Internet stocks remained in positive territory during afternoon trading. Infospace continued falling despite positive analyst comments and news of a new wireless mutual fund. Meanwhile, at a White House conference on the “New Economy,” Federal Reserve Chairman Alan Greenspan warned that sharp increases in equity prices were an inflationary risk but assured investors that the […]

To make a move on Microsoft’s industry-leading Windows, Sun Microsystems Inc. reduced prices on its popular Sun Enterprise 250 workgroup server by nearly half of its orginal cost. For $4,995 or $125 per month lease, clients can get a Sun (SUNW) Enterprise 250 server with one processor, 256MB of memory, 18GB of disk and the […]

In an attempt to extend the value of hosted site search to its customer base, Searchbutton.com today announced partnerships with NaviSite, PatriotNet and Web2010. Deals of the partnerships call for each company to participate in various co-marketing pushes and will provide opportunity for the partners to offer Searchbutton’s site search and reporting solutions as a […]

Yahoo (YHOO) will report its first quarter earnings results on Wednesday, April 5. The consensus estimate is roughly $205 million in revenue and $0.09 earnings-per-share (EPS). The revenue estimate suggests 97% year-over-year growth and the earnings estimate, flat from last quarter, would mean 80% year-over-year growth. It’s interesting to note that Yahoo! has beaten consensus […]

The Nasdaq recovered slightly from an early morning sell-off and Internet issues were trading higher at mid-day. A number of Internet Capital Group and CMGI partner companies, including Universal Access and Navisite, were helping the sector bounce back. By 12:15 Eastern, internet.com’s Internet Stock Index was up 6.27, or 0.74 percent, to 857.49, the Nasdaq […]

ASP and integrated solutions provider Eltrax Systems, Inc. today closed an offering of its stock involving 12 unnamed investors, raising $13 million. The offering was placed by Morgan Keegan & Company. Eltrax Systems, Inc. will use the proceeds from the offering for general corporate purposes. “There will be an emphasis on investing in our ASP […]

Managed network security provider myCIO.com yesterday formed a partnership agreement with global electronic file delivery network click2send.com, the latest in a slew of recent partnership announcements. By partnering with click2send.com , myCIO.com further completes its list of alliances currently in place to reach a broad Internet audience with a common goal of securing the Internet. […]

In what the company claims to be one of the largest first rounds of funding for an integrated ASP, BlueMeteor, inc. announced this week that it secured $23.5 million. The team of investors was led by Minotaur Capital Management, a privately held merchant bank, and included Bluevector LLC and Wheatley Partners. BlueMeteor, inc. hopes to […]

E-commerce services provider Syntra closed on $50 million in financing with investments from Softbank Capital Partners and Inktomi Corp. Meritech Capital Partners, a later stage investing affiliate of Oak Investment Partners, Syntra’s largest shareholder, also participated. “The exponential growth of global e-commerce hinges on breakthrough technologies like those provided by Syntra. We look forward to […]

Internet stocks finished in the red but recovered from mid-day levels that had pushed the Nasdaq composite below 4,000 for a brief period of time today. eBay, Priceline.com, and Ariba all played a major role in the afternoon surge. internet.com’s Internet Stock Index slipped 6.36 lower, or 0.74 percent, to 851.22, the Nasdaq composite finished […]

Benchmark Capital is often recognized as the hallmark of Internet venture capital. The numbers speak for themselves; in 1999, 15 of the firm’s partner companies debuted in the public marketplace. Among the IPO stand-outs were Ariba (ARBA), Juniper Networks (JNPR), Kana Communications (KANA), and Red Hat Software (RHAT). The combined market capitalization of those four […]