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Charles Schwab & Co., Inc.
Internet Daily for Wednesday, June 6, 2001 by Frank Barnako CBS MarketWatch.com ----------------------------------------------------------------- Dot-com closures ease a bit in May The number of Internet companies closing their doors in May slipped to 54, down from 58 in April, according to Webmergers.com, a company that helps Net firm buyers and sellers get together. At least 493 Internet companies have folded since January 2000, said the San Francisco-based firm's chairman, Tim Miller, with 55% of these shutdowns occurring in the first five months of this year. Companies that sought to do business in e-commerce account for nearly half of all shutdowns to date, but Miller said the shakeout is spreading to new sectors, such as Internet consulting firms and providers of dialup or DSL Internet access. ----------------------------------------------------------------- Netscape's new new thing The company formerly known for its Web browser is shifting its strategy to become a portal like Yahoo and Lycos . "Six months from now, you won't consider Netscape to be a browser company," Netscape President Jim Bankoff told Reuters. Instead, the AOL Time Warner subsidiary is becoming content-intensive, featuring many of its parent company's entertainment artists and publications. Bankoff said a brand advertising campaign for the site would begin later this year. Lydia Loizides, an analyst at Internet research firm Jupiter Media Metrix, said she's been waiting for such a move. "It's not going to be Netscape but rather Netscape.com," Loizides said in the Reuters report, adding that she wouldn't be surprised if Netscape began subscription services offering special Time Warner programming or software. ----------------------------------------------------------------- AOL's Leonsis: Microsoft talks continue Microsoft and AOL Time Warner are continuing discussions about whether America Online access software will be included in Microsoft's new XP operating system, according to AOL Vice Chairman Ted Leonsis. Speaking at the Internet Content.Net conference in Los Angeles, he said there has been some "give and take," Dow Jones reported. He denied strongly criticizing Microsoft for bolting its instant messaging features to the operating system. "I never said it was anti-competitive," he said. Leonsis also tried to dispel discouragement about Internet business. "Is this the end of a boom? No, it's just getting started," he said. ----------------------------------------------------------------- New wrinkle on Web phone calls Net2Phone announced Wednesday a new service enabling consumers to place and receive telephone calls over broadband networks without a PC. Subscribers plug their standard telephone into a device, which then connects to a cable or DSL modem. "Our new VoiceLine service enables anyone with a broadband connection to add secondary-line capability in their home without incurring a monthly line fee, with lower calling plans than traditional phone services offered today, all through your telephone," said Scott Sobel, the Newark, N.J.-based company's vice president of broadband services and solutions. ----------------------------------------------------------------- Compaq slashes price of Net appliance Compaq Computer cut the price of its iPAQ Internet access device by $200 and said it will include six months of free MSN access in the deal, a $132 value. A spokesman for the company conceded sales of the two iPAQ models have been less than expected. "We've learned our lessons, and we're trying to increase the appeal for this young category that we still believe is a viable one," spokesman David Albritton told CNet News. This is the second price cut for the year-old iPAQ product line, with the entry model now priced at $299. ----------------------------------------------------------------- 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. 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