InternetNews Staff

Shares in Freeserve traded at 45 percent above the launch price, quickly reaching 220p ($3.52), some minutes after trading started in London and on the Nasdaq. Around one-fifth of Freeserve was floated by its owner, electrical retailer Dixons, at a price of 150p ($2.40). Institutional investors took the bulk of the shares, which were oversubscribed […]

Microsoft Brasil has announced new technical support for Web developers provided by SofHar with the goal to provide low cost technical support for the industry. “In spite of the importance of this industry, there isn’t anything similar available,” says Andrea Bonfiglioni, SofHar’s partners and developers manager. There are currently nearly 40,000 Web developers in the […]

GetMedia Inc. formed a partnership with OpenSpace.com that will enable the latter’s radio station affiliates to add impulse-driven music sales to their sites. OpenSpace.com said it will provide GetMedia’s technology to its current and future radio station affiliate sites. GetMedia’s technology will work within these sites, displaying song title, artist name and album name in […]

Andromedia Inc. said that 11 Internet services companies have signed with the e-commerce optimization firm to employ its Smart eMarketing solutions and offer them to clients. The new partners include: iXL Inc., Multimedia Live, Net Effect, Net Quotient, Novo Interactive, Oven Digital and Stonebridge, among others. Eight of the companies completed a five-day training period […]

E-commerce software marketer Open Market Inc. posted a second quarter net loss of $1.9 million or $0.05 per share, compared to a net loss of $11.1 million or $0.34 per share for the same period last year. Net revenues were $18.6 million, compared to net revenues of $16.5 million for the second quarter of 1998. […]

CBS Corp. Thursday announced that it has taken a 20 percent stake in online drugstore Rx.com, Inc. in exchange for $37.5 million in advertising and promotion over a term of four years. CBS followed up its newfound health care interest with the purchase of the online retail pharmacy, exactly two weeks after it took a […]

America Online, Inc. and Ameritech this week formed a strategic alliance to provide broadband digital subscriber line services to AOL members in five states. As part of a multi-year agreement, Ameritech will accelerate installation of asymmetric digital subscriber line technology into phone switching centers that will serve 8 million homes by the end of 2001. […]

net.Genesis Corp. said that Charles Schwab & Co. Inc. is the first customer to license its net.Analysis 4.5 application. Schwab chose net.Genesis based on net.Analysis’ reporting capability and the scalability and extensibility of the product’s database, the company said. net.Analysis is now employed at three of the top five brokerage companies in the United States, […]

Paytrust, a new Web-based service providing consumers with one-stop bill delivery, payment and management, said it plans to open two additional national bill processing centers “in response to explosive consumer demand.” The new centers, located in Chicago and San Francisco, will be opened during the third quarter. Costs were not disclosed. In the last three […]

i-Escrow, a provider of online escrow services, has acquired Trade-direct Inc. another major provider of escrow services and a pioneer in the industry. Financial terms were not disclosed. i-Escrow said the move “strengthens its leadership position in the emerging escrow industry and accelerates the company’s brand acceptance as a trusted third party for users of […]

BizLand.com, an online community of independent businesses, launched BizLand.com Co-op, which allows small businesses to pool their purchasing power on the Internet. Members get discounts and cash back on business-related merchandise and services. The BizLand.com Co-op is part of a suite of free Web services offered to small businesses. BizLand.com (formerly click2commerce.com) said it now […]

A coalition of anti-spam companies and activists Thursday delivered a database of 150,000 unsolicited commercial e-mail messages to Congressman Gary Miller, (R-CA), and the Federal Trade Commission. Anti-spam activists gathered in Washington, D.C., in an effort to encourage federal action to ban spam and unsolicited e-mail from the Internet and to help the FTC track […]