Thor Olavsrud

Once high-flying Priceline.com Thursday managed to meet lowered expectations for its third quarter with a net loss of $2 million, about one cent per share. The embattled company’s stock also gained a little traction Thursday, rising 10.6 percent from an open of $6.53 to a close of $6.84. But the company is far from out […]

When was the revolving door installed at Covad Communications? Covad Chairman, President and Chief Executive Officer Robert E. Knowling resigned Wednesday on the heels of last week’s announcement of a third quarter net loss of $189.9 million, about $1.22 per share. Who will take Knowling’s place? The new chairman is Charles McMinn, a founder of […]

Wireless phone makers and wireless carriers are still groping for the killer app that will make the market snap up Web-enabled phones. At least two phone makers are predicting that versatility and music apps are the levers they need. In the U.S. market, the first mover is Samsung Telecommunications America (STA), which together with Sprint […]

International media giant Bertelsmann AG, parent of BMG Music, Tuesday cut a deal with erstwhile enemy Napster Inc. to create a secure, membership-based person-to-person file sharing service. Bertelsmann said the new service would provide the Napster community with high quality file sharing that preserves the Napster experience while also providing payments to the rightsholders — […]

Microsoft Corp. Sunday changed its story concerning the hacker that broke into its corporate network using a Trojan horse virus known as QAZ. The software giant is now saying that it was aware of the intrusion for two weeks and was monitoring the hacker’s movements during that time. “Our ongoing investigation has continued to narrow […]

Since its inception, controversy has swirled around the Internet Corporation for Assigned Names and Numbers (ICANN), the non-profit organization which serves as the Internet’s governing body. The pattern of controversy was perpetuated last Friday when A. Michael Froomkin, a professor at the University of Miami School of Law, labeled four of ICANN’s directors “boardsquatters.” ICANN […]

America Online Inc. Wednesday unleashed its AOL 6.0 software at Internet World Fall 2000. The company also launched its AOL by Phone service — which gives anyone with a telephone the ability to tap AOL core functions like e-mail — and the AOL Anywhere Web site. Jonathan Sacks, senior vice president and general manager of […]

Hewlett-Packard Co. Tuesday snagged Bluestone Software Inc. in a stock-for-stock deal valued at about $500 million based on Tuesday stock prices. HP wants the company’s software to serve as the integrating platform for HP’s current software offerings and also plans to use it as the core of HP’s next-generation software strategy. Bluestone is a provider […]

Continuing pursuit of America Online Inc.’s AOL Anywhere initiatives, the company’s AOL Europe unit Tuesday joined forces with Spain’s largest bank, Banco Santander Central Hispano (BSCH), to create Europe’s first mass-market Internet appliance-customized interactive portal. The two companies will also launch other AOL-branded interactive services in Spain. The portal, AOL Avant, will be designed to […]

America Online Inc. continued its torrid growth in the past month, declaring Tuesday that it had surpassed 25 million members worldwide. That means the online behemoth added about 400,000 subscribers since Sept. 30 — and that’s before the launch of AOL 6.0, scheduled to take place this week and possibly as early as tomorrow. Just […]

America Online Inc. has big plans to change the entire paradigm of advertising, Paul Corvino, senior vice president and general manager of Interactive Marketing for AOL, said Monday. Corvino made the declaration during the opening remarks of ADWEEK Forum at Internet World Fall 2000 in the Jacob Javits Conference Center in New York City. “Convergence […]

America Online Inc. is so confident that its merger with Time Warner will be acceptable to regulators that it does not have a contingency plan, according to Paul Corvino, senior vice president and general manager of Interactive Marketing for AOL. Corvino spoke Monday at the ADWEEK Forum during Internet World Fall 2000 at the Jacob […]