Open Market Inc. says it will receive patents for Internet-commerce software
Article Abstract:
Open Market says it will receive three patents covering widely used technologies for Internet commerce and marketing, and will apply licensing fees to companies using them, according to company officials. The most important patent, executives say, covers existing Internet technologies that allow people to pay for goods on-line and receive instant credit-card verification. The relatively small software maker says it will receive the patent from the US Patent Office today. Open Market did not disclose its current list of companies that deploy the technologies. Amazon.com, L.L. Bean and music seller CDnow are among the Internet vendors that have begun instant credit-card verification for on-line shoppers. The other patents, which Open Market already has received, cover Internet 'shopping carts' and a popular marketing tool that monitors the actions of visitors to an Internet site.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Internet giants pool their bids for auction site to rival EBay
Article Abstract:
A number of leading technology firms have agreed to join together to form an online auction network with the goal of challenging eBay Inc. The list of firms includes Microsoft Corp., Lycos Inc., Dell Computer Corp., Excite At Home Corp. and Ticketmaster Online-City Search Inc. The network will allow auctioned goods to be shared across all the member sites. The combining of resources is an indication of the task these companies face in challenging eBay, which has nearly 3.5 million auction listings and is by far the market leader. FairMarket Inc., a Massachusetts start-up firm that sets up and operates auction sites for companies including Dell, Lycos and CompUSA, is the company behind this new alliance.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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Lycos shares plunge 26% as its plan for merger sparks shareholder dissent
Article Abstract:
Share value of Lycos Inc. fell 26% after news of its agreement to merge with Barry Diller's USA Networks Inc. in a deal which some analysts say undervalues Lycos stock and which could be derailed by its investors. Shares in the Internet search site dropped $33 to $94.25, after more than doubling in value since Jan. 1st. The fall was the steepest drop in an overall loss for the internet sector. The Nasdaq Composite Index fell 94.13 to 2310.79. Barry Diller justified the deal by pointing to the volatility of Lycos's stock which has been run up in value in the general frenzy over Internet stocks. On news of the deal, the value of USA Networks stock rose $3.6875 to $41.625.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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