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| Amazon Amazon.com could turn profit at will-goldman Sachs Online retailer Amazon.com Inc. should achieve full year profitability in 2002, and could achieve profitability right away if the investment community demanded it, investment bank Goldman Sachs said in a research report. (SiliconValley.com) |
| Microsoft Microsoft, Tandy Unveil Partnership To Hook Customers to the Internet Microsoft and Tandy announced a broad partnership to link customers to the Internet, a deal that makes 7,000 Radio Shack stores a weapon in the software concern's battle with America Online. Under a five-year agreement, Microsoft will set up a "store within a store" at the Radio Shack outlets, to demonstrate Microsoft products and services that include high-speed connections to the Internet. The companies will share revenue from customers who register for Microsoft's MSN online service. Microsoft will invest $100 million in a Web site called RadioShack.Com that Tandy may spin off as a separate company. (WSJ) Paid subscription required. Instant messaging war: Did Microsoft blink? Having wrestled for months to create a product that works seamlessly with America Online's hugely popular AOL Instant Messenger, Microsoft says it may give up the fight. (News.com) |
| Online Trading Wall St. firms to form web bond trading entity Three leading Wall Street firms, including investment bank Goldman Sachs Group Inc. on Thursday said they formed an entity to offer Internet bond trading to small investors early next year. (SiliconValley.com) European 'eBrokers Outpace US 'eBrokers Nearly 700 companies offer transactional Internet stockbroking in 9 countries in Europe, according to a new report released by BlueSky International Marketing, Inc. (Nua Survey) |
| Online Gambling Online gambling growing rapidly From casino-type games such as slot machines, blackjack and video poker to betting on the National Football League, World Cup soccer and professional golf, gambling is big business on the Internet and getting bigger. No one knows for sure how much money is being gambled on the Net. One research firm estimates that worldwide online gambling revenue will total $1.2 billion this year and could grow to $2.1 billion in 2001. There are 400 Web sites offering gambling, according to one estimate. All it takes is a credit card and anyone can gamble from the convenience of home, 24 hours a day. (SiliconValley.com) |
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