InternetNews Staff

Internet stocks surged higher after the Federal Reserve’s Open Market Committee raised the federal funds and discount rate one-quarter percent. The recent slump in tech-related issues and positive reaction today demonstrates that investors had anticipated such a move for quite some time. In addition, two IPOs boosted Internet issues higher. internet.com’s Internet Stock Index was […]

Intranets.com Tuesday licensed its intranet development technologies to Businessmall.com clients. Reciprocal content placements, cooperative marketing and promotional campaigns will be developed between the two companies. Intranet.com will also provide free hosting and a free URL to each member. BusinessMall.com, a business-to-business site, will integrate Intranets.com’s collaboration tools into the free “virtual office” that it provides […]

POPcast Communications Corp. Tuesday announced the beta 2.1 release of its POPcaster digital video encoding and conversion software for PCs. POPcaster is intended to allow users to capture video through a wide variety of capture devices and convert files from AVI, MPEG and WAV formats to Microsoft’s Advanced Streaming Format (ASF). Files saved in the […]

Business bookstore and secure digital publishing company Fatbrain.com launched a subsidiary called MightyWords to address mass market opportunities created by its eMatter digital publishing initiative. The new company separates Fatbrain’s consumer digital publishing initiative from its core B2B operation, where the company said it plans to sharpen its focus. B2B operations account for a majority […]

BT is teaming up with Microsoft to trial an IPv6 network, the next-generation Internet protocol which will create an infinite number of new Web addresses. The current Internet protocol, IPv4, has a capacity limited to four billion Internet addresses, making it difficult to add users or new devices to the Internet. IPv6 will create increased […]

Internet stocks extended a plunge that began early in Monday’s session following a pessimistic cover story in this week’s Barron’s. internet.com’s Internet Stock Index fell 56.02, or 5.41 percent, to 979.19, the Nasdaq Composite dropped 188.13 to 4610.00 and the Dow Jones industrial average finished up 85.01 to 10680.24. Merrill Lynch Senior Internet Analyst, Henry […]

Sequoia Software Corp. Monday inked deals with OfficeMax.com, biztravel.com, and 401Kafe for integrating their Web-based services with Sequoia’s XML portal server. Collectively, OfficeMax.com’s office products and services, biztravel.com’s online travel capabilities, and 401Kafe’s online benefits planning information will be available directly through Sequoia’s XPS interface, reducing the cost and effort required for deploying a comprehensive […]

Adero, Inc. Monday announced it has reached a definitive agreement to acquire StarBurst Software. Financial terms were not disclosed, but holders of sufficient shares of capital stock of StarBurst Software have already agreed to vote in favor of and approve the merger. Adero expects the merger to be consummated on or about March 30, 2000, […]

Seeking to take gain a foothold in the online grocery field, leading international food company Parmalat SpA Monday invested $30 million in NetGrocer.com. The investment, equal to a 22.3 percent NetGrocer stake, will increase the company’s ability to expedite its growth plans and maintain its leadership position as an e-grocer. Parmalat will gain representation on […]

Spike Technologies Inc. Monday agreed to offer broadband Net access via Alphatel SA, a new Internet Service Provider (ISP) based in Argentina. Alphatel has been awarded radio spectrum licenses in eight major cities in Argentina, including the capital Buenos Aires and Cordoba, Rosario, Mendoza and Mar del Plata. The deal will allow Alphatel to launch […]

Bayer AG, Infraserv Höchst and Deutsche Telekom are planning to construct an Internet marketplace for the chemical and pharmaceuticals industry. The marketplace will initially trade in services such as laboratory needs, electrical and engineering materials, and also installation components together with construction material and trade specific services. The new market place will also be open […]

Mike Lynch, Britain’s first Internet billionaire, is planning to take his company Autonomy on to the Nasdaq in a bid to raise a further £100 million ($153 million). Autonomy is already listed on Easdaq, the Brussels-based hi-tech index whose quarterly reporting requirements model those of its U.S. counterpart. Mr Lynch, 34, has never made any […]