posted 04-30-2001 07:00 PM         

Online brokerages have gone through a personality change in the last six months. Once extroverts -- building their brand names and customer bases with grand advertising campaigns -- they are now introverts, forced by slowing trading activity to cut costs. Faced with falling profits due to decreased revenues from inactive investors, these online brokerages are scrambling to diversify their business models in order to find alternate sources of revenue. (source: Red Herring) http://www.redherring.com/index.asp?layout=story&channel=20000002&doc_id=100019210

Don't expect any big changes when former Hollywood studio boss Terry Semel takes the reins of Yahoo on May 1st -- at least, not for a couple of months. Semel, who replaces Tim Koogle as chief executive officer of the suddenly struggling Internet portal, has already begun working behind the scenes to line up a far-flung empire of media alliances. (source: Newsfactor) http://www.newsfactor.com/perl/story/9332.html

posted 04-30-2001 10:25 AM         

Recently, the world's nine major investment banks banded together to try to better use the Internet to enhance their relationships with their institutional clients. (source: Upside) http://www.upside.com/Money/3ae0a73d43e.html

Part one of NBC's attempt to turn around its internet strategy (see the flop of NBCi.com) will be another joint venture with Microsoft: a 10-year agreement that will merge finance site CNBC.com and MSN MoneyCentral. The new site will be called CNBC MoneyCentral. (source: The Standard) http://www.thestandard.com/article/0,1902,23881,00.html

posted 04-18-2001 06:13 PM         

On Tuesday, Yahoo announced that Terry Semel will replace outgoing Chief Executive Tim Koogle after an executive search mounted less than two months ago. Does Semel have what it takes to reverse the fortune of the giant web portal? (source: ZDNet) http://www.zdnet.com/zdnn/stories/news/0,4586,2709244,00.html

posted 04-12-2001 06:01 PM         

After Yahoo reported its first-quarter earnings and gave a murky outlook for 2001 yesterday, Wall Street on Thursday was busy pondering whether the worst was over for the leading Web portal and its downtrodden shares. Here's a look at what some analysts had to say. (source: CNET) http://news.cnet.com/news/0-1005-200-5585026.html

In accounting terms, the day after April Fool's Day was the night of the dot-com living dead. Thirty-nine dot-coms filed annual 10Ks in the five days leading up to April 2nd that contained accountants' statement of "substantial doubt about the ability of the company to continue as a going concern." (source: Forbes) http://www.forbes.com/2001/04/12/0412simons.html

posted 04-11-2001 06:29 PM         

E*Trade, the No. 2 U.S. Internet brokerage, has agreed to put 20 E-Trade shops and more than 1,000 automated teller machines into Target stores nationwide. The deal, which broadens an existing agreement with Target, is part of E*Trade's plan to diversify its revenue stream away from strictly online brokerage operations. (source: Yahoo) http://biz.yahoo.com/rf/010411/n119567_2.html
It hasn't been a great year for either Internet companies or for brokerage firms. Imagine being an Internet-based brokerage house. Yes, 2001 has been a tough year for the online brokerage houses who are suffering through layoffs and dramatically lower trading volumes. But are they out of the game? Don't bet on it. (source: CNNfn) http://cnnfn.cnn.com/2001/04/11/investing/q_online/

posted 04-09-2001 05:06 PM         

Amazon.com said Monday it'll post stronger-than-expected first quarter results, but the online retailer is still swimming in red ink. The company said it expects to beat Wall Street's estimates of a 30-cent loss by 8 cents. News of the results sparked an immediate rally on Wall Street at Monday's open. (source: MarketWatch) http://cbs.marketwatch.com/news/story.asp?guid=%7B9B445C03%2DD965%2D473D%2DBBD1%2DC4C67B757E7C%7D