InternetNews Staff

HardwareStreet.com, an online retailer of more than 100,000 brand-name computer products and accessories for business and consumers, completed a private placement for $5.5 million in convertible debentures. The company said it will use the funds to execute a comprehensive strategic business plan and to prepare for an IPO later this year. BlueStone Capital Investment acted […]

AT&T is partnering with the NAACP to create tech centers in 20 cities aimed at providing computer training and Internet seminars for minority group members. The move is intended to help bridge the gap between white people and blacks and Hispanics in technical savvy and access to the Internet. “The technological segregation known as the […]

E-tailers received some encouraging news Wednesday. Online sales have doubled during the past two years, with 53 percent of U.S. Web users saying they have made interactive purchases so far this year. According to the third annual CyberShopper Survey, in 1997, only 26 percent of those surveyed had bought goods online. In addition, the report […]

Sterling Commerce Inc., a provider of B-to-B electronic commerce software and services, said it has increased the number of shares of common stock that may be acquired through its stock repurchase program from 5 million shares to 15 million. Since program began on March 1, the company has repurchased approximately 4.6 million shares of its […]

Webentrepreneurs.com has launch a new membership-based Web site for Internet entrepreneurs offering information, resources and networking. “The rapid growth of the Internet as a niche marketing tool for businesses of all sizes has created a demand for an online community where people can access information, stay current on industry trends and network with other vendors […]

Comercis, formerly BusinessWeb Inc., said that XOOM.com has selected Comercis to empower ComFind’s 600,000 business subscribers with business-to-business Web site development services. ComFind, a business directory offered by XOOM.com that attracts approximately 40,000 new business subscribers per month, will utilize Comercis’ capabilities to offer its members a professional, cost-effective solution to create an online presence. […]

Software.com, Inc. this week introduced WebEdge Mail and Calendar, Web-based tools designed specifically for small to medium sized Internet service providers. Using these tools, ISPs can provide their customers with customized, branded e-mail and calendaring options that can then be accessed from any Web browser, the company said. Some of the features supported in WebEdge […]

A new initiative, the Standard for Internet Commerce, was launched Monday by a coalition of more than 200 e-commerce industry leaders and publisher Ziff-Davis in an effort to establish a set of merchant practices and policies. The group’s charter aims to garner high levels of customer satisfaction, service, security and privacy, as well as increase […]

E-commerce logistics company From2.com launched a service that allows Internet merchants to serve international customers by overcoming international shipping and delivery cost obstacles and foreign customs issues. The technology, called the Global Delivered Cost Calculator (GDC Calculator), can be linked directly into a merchant’s Web site to calculates all freight, insurance, duties, taxes, customs clearance […]

In a move that again reinforces the power of e-commerce, Rock Financial Corp. said it would take a $3.5 million to $4.5 million charge in the third quarter as it closes most of its branches and focuses on its online direct mortgage business. Rock said it will close and consolidate 12 of its remaining 15 […]

Preliminary findings by the Singapore government show that there is very good potential for growth in the e-commerce sector, with revenues expected to hit a 34 percent increase to S$359 million (US$211 million) in 1999. The comment was made by Trade and Industry Minister George Yeo at a parliament sitting last week, based on figures […]

Ayna, Arabic for “where”, has succeeded in establishing itself as the premier portal and search engine in the Arabic language. Ayna has grown over the years to offer a range of services tailored to the Arabic Internet user. Ayna, founded in 1997, is a division of EGS Inc., a developer of Arabic-specific technologies which enable […]