eBay shares tumble on news of new on-line competitor

Article Abstract:

Online auction firm eBay Inc of San Jose, CA, is expected to face stiffer competition following the formation of a new online auction network called FairMarketPlace. The new network, which is headed by Microsoft Corp, Dell Computer Corp, Excite@Home Corp, will link 100 Web sites to enable the auction sites of its partners to appear on the sites of other alliance members. E-bay has earlier signed a deal to co-brand a consumer-to- consumer auction site with America Online Inc.

United States, Organizational history, Securities issued, listed

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Y2K guru gets $10-million offer for site

Article Abstract:

Houston, Texas-based Tenagra Corp. and its partner, Peter de Jager, have received a $10 million bid for a Web site called year2000.com. The Web site is being auctioned on San Jose, Calif.-based eBay Inc.

Canada, Asset sales & divestitures, Telegraph & other communications, Management, Mergers, acquisitions and divestments, Online services, Year 2000 transition (Computers), Tenagra Corp.

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