New services raise Internet stakes

Article Abstract:

The growing number of Internet providers that offer new services to Web users are expected to cause the demise of other players. The Gartner Group, a research firm, estimates the number of Internet providers to fall from 4,500 in 1998 to about 500 by 2002. Among the new services being offered by some Internet service providers (ISPs) are voice mail, video conferencing and Internet phone calling. Recently, Sun Microsystems and Lucent Technologies announced a single box system that enables users to get both their voice mail and e-mail from one box on the Web or an ordinary phone. Susan Almeida, president of the Almeida Group, says small, local ISPs and large national ones are likely to survive in years to come.

Market information - general

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Excite launches on-line auction system

Article Abstract:

Excite with Internet site, www.excite.com, introduces a new online auction system that allows subscribers to post personal classified ads that could be bidded on the Internet. Subscribers designates a minimum bid for their ads that are updated regularly. Buyers could post their bids and the highest acceptable bid is transacted privately to complete the transaction. Buyers could avail of the service by accessing to Excite's home page or through more than 100 other Excite partners. Other companies such as Ebay with home page address, www.ebay.com, also offer similar auction services online.

Comment:

Introduces a new online auction system that allows subscribers to post personal classified ads on the Internet

Services introduction, Bsns Videotex Svcs ex Database, Online information services, Business information services, At Home Corp.

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Excite buys IMall in all-stock deal

Article Abstract:

Internet portal ExciteAtHome Inc has acquired Internet shopping company IMall Inc for $425 million in stock. The company, which attracts 22 million visitors per month, has also reached a 10-yr deal with credit card processor First Data Corp for an undisclosed term. The three-way deal would enable small retailers to set up online shops using Firt Data's credit card processing service, IMall's Web shop design and potential customer from Excite.

Asset sales & divestitures, Acquisitions & mergers, IMall Inc.

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