InternetNews Staff

Aiming to speed results for e-commerce users and Internet service providers, IBM Corp. Tuesday unveiled what it says is the world’s fastest 64-bit, four-way Web enterprise server, the RS/6000 Model H70. The H70 set a new industry record of 11,774 hits per second in the latest SPECweb96 benchmark tests, which makes it the fastest four-way […]

Online community theglobe.com Tuesday acquired Attitude Network, publisher of Happy Puppy and Games Domain gaming sites for $43 million in stock. The acquisition will be accounted for as a purchase and the companies expect to finalize the closing later this month. Financial terms call for theglobe.com to issue roughly 785,000 shares of common stock to […]

IntraNet Solutions, Inc. Monday debuted its Intra.doc! Developer’s Kit which is designed to help organizations more easily customize its management system, Intra.doc!, on an intranet, extranet or the Internet. Intra.doc! is a management system that provides centralized security models, archive/replication and search capabilities which enable workgroup-to-enterprise knowledge sharing. The IDK is made to help organizations […]

ValueStar Corp., which provides customer satisfaction ratings of local companies via the Internet, said its has raised $2.45 million in seven-year senior debt financing with warrants from three institutional investors. The investment was led by Seacoast Capital Partners’ $1.5 million investment and included participation by Pacific Mezzanine Fund and Tangent Growth Fund. The net proceeds […]

Customers of @bigger.net, a one-time fee Internet provider that shut down in December, will have their Internet access restored by May. Internet provider Brigadoon paid $275,000 to acquire the Internet provider late last year after @bigger.net closed its offices in October and filed for Chapter 7 bankruptcy. Brigadoon has also had its share of problems […]

Wal-Mart Stores Inc. Monday settled a lawsuit it filed against Amazon.com. Also named in the suit was drugstore.com — in which Amazon has a 40 percent stake — Richard Dalzell, and Amazon.com backer Kleiner Perkins. Dalzell came to Amazon.com in 1997 after serving as Wal-Mart’s vice president for information systems. The lawsuit was filed by […]

Small firms are queuing up for ISP licenses. Privatization of Internet services appears to have unleashed the entrepreneurial spirit in small firms throughout the country. This is evident from the growing list of applicants who are being invited by the department of telecom (DoT) to sign the license agreement. Sources point out that among the […]

Qwest Communications International Inc. Monday secured a $1 billion credit line to help finance the continued construction of its nationwide fiber-optic network and to expand overseas. Bank of America is the lead bank with First Union Corp., Bank of New York Co. and Citibank also participating. Qwest plans to provide voice and high-speed Internet and […]

GeoCities Monday tapped Netopia, Inc. Monday to create and manage its Digital Subscriber Line Education Center. In addition, GeoCities named Netopia as the exclusive small business DSL partner for its “Pages that Pay” e-commerce affiliate program. Netopia expects to launch its DSL Education Center for small businesses by early next month. The center will be […]

The suspected creator of the e-mail virus Melissa was arrested in New Jersey Thursday night. New Jersey officials confirmed David L. Smith, 30, of Aberdeen, was arrested Thursday night at his brother’s house in Eatontown, N.J. Smith allegedly launched the virus from his apartment in Aberdeen, but officials said they didn’t think the virus originated […]

Miami-based Quest Net Corp. said it has acquired Ecreditcard.com for an undisclosed amount of cash and stock. Ecreditcard.com specializes in providing secured credit cards for clients worldwide with bad credit or clients that have no access to credit cards otherwise. Quest plans to add Ecreditcard.com to its other e-commerce sites, Wings Online, Boats Online, Cars […]

A new wrinkle on e-commerce is being offered by a startup called PriceGrabber.com that allows consumers to use technology that automatically searches the Internet for products that are sold below cost, as “loss leaders.” The Los Angeles-based company said there is no charge to consumers to use the service. Although not all visitors to a […]