Stock sales pump cash into Drugstore.com, WebHouse

Article Abstract:

Online firms Drugstore.com and WeHouse.com were able to receive funds through stock sales despite recent sell-off of technology stocks. The two firms received $62.7 million and $125 million respectively and the stock prices of both firms have increased. Observers opine that investors and venture capitalists are still inclined to invest in firms that have the chance of making money.

On-Line Information Services, Receipt of funds, Videotex & Teletext Svcs NEC, Internet services, Online information services, drugstore.com Inc.

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Internet stock hoax ends in arrest

Article Abstract:

Federal investigators arrested a 23-year-old college student in Torrance, CA, in what SEC Regional Director Valerie Caproni said is the fourth known case of Internet stock fraud since roughly Mar 1999. Mark Simeon Jakob is accused of submitting a fake press release containing negative statements about fiber-optics manufacturer Emulex to Internet Wire, an online wire service for which Jakob had worked until the week of Aug 21, 2000. The release was carried by major news services on Aug 25, 2000, and sent Emulex' share value plunging temporarily by 62%. Jakob was alleged to have made over $240,000 from the scam as a result.

Legal issues & crime, Specialized Telecom Services

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Teetering Excite may topple on others. Many stand to lose of Net service provider goes down

Article Abstract:

Excite at Home's financial difficulties could mean service disruption to high-speed Internet subscribers, and cable television/communication companies, such as Comcast, Cox Communication and AT&T.

Telegraph & other communications, Cable Television Systems, Cable Networks, Telephone Communications, Telephone communications, exc. radio, Services information, Financial analysis, Cable and other pay TV services, Radio and Television Broadcasting, Radio & TV Broadcasting, Internet service providers, T, Cable television broadcasting industry, Cable television, Telephone services, Comcast Corp., CMCSA, Broadcasting industry, Broadcasting, At Home Corp., ATHM, AT and T Corp., Cox Communications Inc., COX

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