Healtheon struggles in effots to remedy doctors' paper plague
Article Abstract:
Healtheon Corp has delayed the launch of its Internet system for medical recordkeeping until late Nov 1998, at the earliest, according to its top engineer Pavan Nigam. The fragmented an innacurate nature of existing sources of medical data caused unforeseen difficulties in the testing and debugging of the product for client Brown and Toland. Other obstacles include resistance to change among health care providers, and confidentiality fears about placing patient data on the internet. The company continues to plan an initial public offering for late Oct 1998, led by underwriters Goldman Sachsand Co and Morgan Stanley Dean Witter and Co.
Comment:
Continues IPO plans despite unforeseen difficulties in moving medical data to the internet
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Amazon.com sales more than quadruple
Article Abstract:
Amazon.com Inc., the Seattle based on-line bookstore, reported that sales more than quadrupled in the second quarter to $116 million. The company said it added 880,000 customer accounts in the quarter, bringing its total to 3.1 million. Amazon.com spent $26.5 million on marketing in the latest quarter which is the equivalent to 23% of sales. Despite steady losses since going public in 1997, Amozon.com's stock has been a highflier on Wall street. The company began selling compact discs during the quarter, and it is considering expanding into on-line video sales.
Comment:
The on-line bookstore reported that sales more than quadrupled in the second quarter to $116 million
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Excite posts loss but revenue gain tops expectations
Article Abstract:
Excite Inc. posted higher than expected revenues and a net loss for the second-quarter of 1998. The company also revealed that it is seeking to enter an alliance with a larger media, telecommunications, or cable firm. Excite has been rumoured to be a takeover target. The Internet search-engine firm has previously stated that it wishes to remain independent. Excite posted $33 million in quarterly revenues and a pro-forma loss of $4.6 million.
Comment:
Excite Inc. posts higher than expected revenues and a net loss for the second-quarter of 1998
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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