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Charles Schwab & Co., Inc.
Internet Daily for Monday, June 4, 2001 by Frank Barnako CBS MarketWatch.com ----------------------------------------------------------------- Four sites attract 50.4% of Web usage Web properties operated by AOL Time Warner, Microsoft, Yahoo and Napster accounted for half of the time spent online by U.S. Web users in March, according to a report issued Monday by Jupiter Media Metrix . The data "show an irrefutable trend toward online media consolidation and indicate that the playing field is anything but even," said Aram Sinnreich, senior analyst with Jupiter Media Metrix. Sinnreich added that the results dispel any myth that "severe market dominance is impossible on the Internet." Two years ago, 11 companies held half of all Web use. AOL's sites garnered 32% of minutes spent online, with two-thirds made up of such communications services as e-mail and Instant Messaging, followed by Microsoft at 7.5%, Yahoo at 7.2%, and renegade online music site Napster at 3.6%. Meanwhile, U.S. Web usage continued to grow for the latest month, reaching 107 billion online minutes from 73 billion in March 2000 and 50 billion in March 1999, Jupiter reported. ----------------------------------------------------------------- Inside Inside.com Inside.com's efforts to sell subscriptions didn't even come close to making money, writes Ken Auletta in the latest issue of The New Yorker. The media-beat journalist, profiling Inside.com, said a company insider told him only 1,200 people subscribed to the Web-based content service. A partner later told Auletta the number "was closer to 5,000." Inside.com founder Kurt Andersen will soon leave the venture, recently purchased by Brill Media Holdings, but is reluctant to conclude the project was a failure, telling Auletta: "There are no precedents, and no comparables. People are making it up as they go along." ----------------------------------------------------------------- No sale for online billing Internet users are showing little appetite for receiving and paying bills online. An estimated 3 million Web users, or about 2%, use the Internet for such transactions, technology consulting firm Gartner Group said in a New York Times report. "It may be rather bleak for companies looking to make a business out of this," Gartner Research Director Susan Landry told the newspaper. ----------------------------------------------------------------- Satellite-based Web services get static Lockheed Martin Corp. and Hughes Electronics Corp. reportedly are scaling back plans to provide Internet service from space. Industry sources quoted by The Wall Street Journal say both firms are having trouble finding partners to help finance the projects. They "are having difficulty accessing money," and the "lack of financing [options] is very badly impacting" start-ups as well as established players, said Jean-Francois Gambart, a vice president in the space unit of France's Alcatel . ----------------------------------------------------------------- AOL plans JV in China America Online and China's biggest PC maker, Legend, will become partners to provide Internet access services, according to The Asian Wall Street Journal. However, an executive at Legend said, "It's not convenient to disclose anything before the contract is signed." China's Ministry of Information Industry estimates there are 30 million Internet users in the country. ----------------------------------------------------------------- Deal of the day Consumer Reports said its auto-buying guides will be offered through Yahoo's shopping area, marking the first time the data will be available outside the publication's ConsumerReports.org site. CR's product rating content will be sold through Yahoo on a per-view basis, with the Web portal receiving a share of the revenue. ----------------------------------------------------------------- For late-breaking market news you can't afford to miss, go to http://CBS.MarketWatch.com/ ################################################################# Log in using the links below to: Access your account: https://investing.schwab.com/trading/start?SANC=CCBodyi&NeedCASelValue=Y View your Email Alert customization options: https://investing.schwab.com/trading/start?SANC=EAMyAlerts Perform research or request a market quote: https://investing.schwab.com/trading/start?SANC=Quotes Place a trade order: https://investing.schwab.com/trading/start?SANC=TradeStock To visit Schwab's home page, use this link: http://www.schwab.com/ ----------------------------------------------------------------- To unsubscribe or modify your Email Alert customization options, log in using the link below or copy and paste it into your browser's address window: https://investing.schwab.com/trading/start?SANC=EAMyAlerts Now you can receive graphics Email Alerts in HTML format, using helpful, full-color graphics and active Web links that connect you directly to information you want. Use the link below to log in and change your email format preference: https://investing.schwab.com/trading/start?SANC=EAEditEmailAddr ---------------------------------------------------------------- Notice: All email sent to or from the Charles Schwab corporate email system may be retained, monitored and/or reviewed by Schwab personnel. (1000-8752) Copyright 2001 CBS MarketWatch. All rights reserved. Commercial use or redistribution in any form, printed or electronic, is prohibited. Distribution by Quris, Inc.
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