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E-Channel: News Briefs

Posted: 01/2001

News Briefs

* A sluggish market has cost 120 people their jobs, including former CEO
Steve Markowitz, as MyPoints.com Inc. (www.mypoints.com)
announced a workforce reduction of 29 percent last fall. Citing a shaky third
quarter, its August acquisition of Cybergold and what Markowitz termed a
"weak demand for Internet marketing services," the company dismissed
employees in technology, production and administrative positions. MyPoints says
the move eliminated redundant functions in the wake of the acquisition.

Markowitz announced his resignation on Nov. 2, saying, "I believe the
company needs a chief executive experienced in taking high-growth companies to
the next stage of development." He will remain as chairman through the end
of the year, and as a director after that.

* Forrester Research (www.forrester.com)
has ranked buy.com (www.buy.com) No. 1
in PowerRankings of online electronics sellers in November, touting the
company’s free shipping and fast customer service responses. Buy.com allows
consumers to buy a variety of services, ranging from sporting goods to wireless
products and services. Forrester’s PowerRankings combines survey data from
online consumers and unbiased shopping tests to provide rankings of leading U.S.
e-commerce sites. Amazon.com (www.amazon.com)
placed second in the ranking.

A day before Forrester released the news, buy.com announced a partnership to
provide access to its website through AT&T Digital PocketNet service. AT&T
Wireless Services Inc.
(www.attws.com)
customers with Internet-ready phones can shop on the website. Buy.com announced
the introduction of its wireless product and services store in October.

* Net2Phone (www.net2phone.com) an
Internet telephony carrier, has announced its e-commerce division has seen more
than 30,000 websites sign up to its Click2Talk service since it was launched
last June. Under the Click2Talk deal, website operators can install a simple set
of HTML routines allowing users to place voice calls across the Internet. Once
this is done, users can place PC-to-phone calls to a given United Kingdom or
Australian phone number on demand.


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