InternetNews Staff

Digital Courier Technologies Inc., a developer of e- commerce and content delivery software, said it has received $3.6 million in a private placement of convertible preferred stock and warrants. The institutional investor, Brown Simpson Strategic Growth Funds, had previously invested $3.6 million in Digital Courier’s common stock. “We will continue to respond to the increased […]

InsWeb, an Internet insurance marketplace, signed an agreement to offer its auto insurance shopping services at CarPrices.com, an online car-buying superstore owned by AutoFusion Inc. The agreement is the latest in a series of deals with car-related sites. Financial arrangements were not disclosed. Consumers visiting CarPrices.com can obtain free auto insurance quotes from insurance carriers […]

Databyte Corp., a provider of Internet application server solutions, and Unify Corp. a provider of enterprise application software, launched an e-business product suite called Flexx e- Commerce. Built on the Unify VISION platform, Flexx e-Commerce, combined with Databyte’s Flexx suite of products, enables corporations to deliver intuitive, user- friendly Web-based applications for a broad range […]

Answering charges it pilfered top technology executives and swiped trade secrets, Amazon.com said it is countersuing discount retailer Wal-Mart Inc. in a 10-K SEC report filed March 5. Amazon.com addressed Wal-Mart’s accusations in the filing, stating, “The Company believes that Wal-Mart’s claims are without merit and intends to vigorously defend against the plaintiffs’ claims. Amazon.com […]

Seeking to bundle its Internet businesses, Hewlett-Packard Co. Tuesday unveiled a new Internet business unit which will develop Web software, solutions, appliances and e-services. Headquarters in Cupertino, Calif., the new unit integrates Internet-related activities throughout HP, including secure payment solutions subsidiary VeriFone. In addition, it will also initiate the e-services strategy throughout HP for Internet […]

Netscape Communications Corp. plans to fix a glitch that can lead to information on users’ hard drives being revealed. The glitch was discovered by Georgi Guninski, a Bulgarian who discovered a JavaScript security flaw last month. The bug can cause the content of HTML and cache files to be revealed. It reveals only parsed HTML […]

California-based Micom Communications Corp., which was acquired by the US$12.8-billion Northern Telecom, is to address the Internet and intranet business in India. T.G. Ramesh, country manager, Micom Communications, pointed out that the company launched access routers and ISP switches based on Shiva technology in India. The target market for the company’s products in India, according […]

Palo Alto, CA-based I-Storm Inc., which plans to build and operate e-commerce storefronts on the Web, said it completed a private placement offering resulting in gross proceeds of $5 million. The company issued 9 percent Series B Cumulative Convertible Preferred Stock. A total of 407,900 Series B shares were sold at a price per share […]

Denver-based Shopbiz.com released its Web-enabled e- commerce solution, offering merchants a place to establish an Internet shopping presence without the worry of technical issues or Web positioning. The company said that with an Internet connection and a Web browser, anyone can go to www.shopbiz.com, fill out the registration form and within 24 hours have their […]

The initial board of directors of the Internet Corporation for Assigned Names and Numbers (ICANN) has adopted a policy to accredit Internet domain name registrars and announced the requirements, and has created an ICANN Domain Name Supporting Organization (DNSO) yesterday in Singapore in a series of meetings held in conjunction with the APRICOT ’99 conference. […]

Internet service provider MindSpring Enterprises Inc. Monday rolled out its first high-speed cable modem Internet access offering. The new service, which debuted in Montgomery, Ala., enables customers to connect to the Internet up to 50 times faster than a standard dial-up connection. Cable access users will also have access to MindSpring’s dial-up service in 748 […]

Scottsdale, AZ-based Auto Network Group Inc. said that it will begin to convert all of its automotive wholesaling business to an Internet-based operation. The company is also changing its name to AutoTradeCenter.com, which is also the name of the company’s online auto wholesale site. As a result of the move, AutoTradeCenter.com will be an automotive […]