InternetNews Staff

Korea Telecom, the nation’s largest telco, has formed a strategic alliance with Microsoft for various Internet-related businesses. The two companies signed a memorandum of understanding late Friday for joint operations in a spectrum of Internet businesses. In doing so, Korea Telecom will utilize Internet-related technologies, contents and service know-how of the software giant, while Microsoft […]

Internet issues plunged lower on Friday as investors pocketed profits and the premiere online shopping portal, Amazon.com, announced its plans to lay off 2 percent of its total work force. In addition, the Labor Department reported the U.S. Employment Cost Index rose 1.1 percent in the fourth-quarter. Most of the rise was due to increases […]

Internet stocks fared better than techs and blue chips Thursday, moved forward by several better-than-expected earnings reports. internet.com’s Internet Stock Index rose 6.60 to 861.82, the Nasdaq Composite fell 30.35 to 4039.56 and the Dow Jones industrial average slipped 4.97 to 11028.02. CMGI (CMGI) added 1-1/4 to 112-1/4. Lazard Freres initiated coverage of the incubator […]

Internet issues fell throughout Wednesday, despite two high-profile companies rising after reporting better than expected earnings. internet.com’s Internet Stock Index (ISDEX) was off 16.80, or 1.93 percent, to 855.20, the Nasdaq Composite dropped 97.50 to 4069.90 and the Dow Jones industrial average gained 3.10 to 11032.99. VerticalNet and Vignette did provide some positive surprises. Shares […]

Computer Associates International Inc. Wednesday forged a sales deal with Red Hat Inc. to have its enterprise management solutions delivered with the open source provider’s Linux enterprise series. The companies’ goal is to offer a Linux-based management solution packaged for small- and medium-sized businesses. With the agreement, Red Hat (RHAT) will fulfill orders through its […]

Investment bank Lehman Brothers Wednesday took a majority stake in online credit reporter TrueLink Inc. Financial terms were not disclosed, although Lehman Brothers (LEH) acquired the majority stake from TrueLink Founder Keith Guy. TrueLink offers access to consumer credit reports and decisions on mortgage and other loan applications over the Internet. It was also the […]

Merrill Lynch recently warned of a pull-back in the business-to-consumer sector. The firm cited slowing growth in the seasonal growth drivers (percentage growth of new Internet users, total e-commerce dollars spent, and total advertising dollars spent). It makes sense. The growth curves will flatten as we enter the summer months. During this time, less people […]

Medium4.com Wednesday announced a strategic content alliance with the Jordan Radio and Television Corp. (JTV). Under the agreement, Medium4.com will re-broadcast the daily English language newscasts of Jordan Television. This agreement brings the number of distinct international news broadcasts available daily on Medium4.com’s WorldNewsTV.com channel to 12. ForeignTV.com viewers can select the WorldNewsTV.com channel to […]

Last week we took a look at Lycos Inc. (LCOS), suggesting it may be undervalued at current levels. Several numbers and potential deal makings brought me to that conclusion. My analysis included the company’s relative value and model success. Add in a successful and uniquely scalable business model with entrance into business-to-business (B2B) e-commerce and […]

Internet stocks staged a dramatic turnaround Tuesday to end higher despite a rocky start. At noon, internet.com’s Internet Stock Index was up only 1.04, but by the market’s close, it had recovered last week’s momentum. Leading issues higher were several analyst upgrades and optimism on upcoming earnings reports. internet.com’s Internet Stock Index closed up 17.78, […]

Medium4.com Tuesday sealed a strategic content agreement with Televenezia of Italy. Under the agreement, Medium4.com will re-broadcast Televenezia’s English language programming on its ForeignTV.com InternetOnlyTV network. This agreement brings to nine the number of distinct international news broadcasts from around the world available on ForeignTV.com’s WorldNewsTV.com channel. ForeignTV.com viewers can select the WorldNewsTV.com channel to […]

WarrantyNow, a provider of service plans over the Internet, partnered with small-business oriented operation Onvia.com to provide extended service options to the latter’s customers. As part of this agreement, Onvia.com’s customers will now be able to buy extended warranties and service plans for merchandise purchased through the Onvia.com site, providing product protection to small business […]