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Charles Schwab & Co., Inc.
Internet Daily for Wednesday, May 30, 2001 by Frank Barnako CBS MarketWatch.com ----------------------------------------------------------------- PC Connection to buy Outpost One of the oldest mail-order computer and software resellers is buying one of the oldest online ones. PC Connection said Wednesday it will buy Cyberian Outpost in a deal worth between $12.6 million and $25.9 million depending on a formula that takes into account Cyberian's revenue and PC Connection's stock price over the summer. The deal allows the two companies to combine buying power. They also operate distribution centers near each other in Wilmington, Ohio. Officals said cuts are expected in the work force, which now numbers about 1,500 for PC Connection and 170 for Cyberian. PC Connection, founded in 1982 with an original investment of $8,000, reported sales last year of $1.45 billion. Six-year-old Cyberian reported revenue of $355 million for the year ended Feb. 28. Cyberian will continue to operate under its own brand. ----------------------------------------------------------------- Turkish bill would subject all Web pages to review Media organizations are fighting a proposed law that would require Turkish Web site operators and perhaps broadcasters to submit their content to a prosecutor for approval before publication. "This is a prohibitive approach that we will neither agree to nor stomach. We will fight until we obstruct this law and will struggle against it even if it is passed," Rahmi Aktepe, head of the Informatics Association of Turkey, told the Reuters news service. The bill, which was introduced by the majority party in the legislature and will be voted on soon, would apply to all electronic broadcasts carrying text or pictures. The legislation would also require new Internet service providers to seek permission from the authorities before launching operations, Reuters reported. Opponents said the bill would hurt Turkey's chances of gaining admission to the European Union. ----------------------------------------------------------------- Net firms target larger customers Internet companies are targeting larger customers as they fight off the economic slowdown, according to a report released on Wednesday. About 47% of 90 companies that had been serving consumers switched to focus on business customers, according to Webmergers.com, which serves as an online hub for buyers and sellers of Internet companies. A third of 35 companies already serving businesses began to target larger enterprise, or Fortune 1000, customers, the report found. A third of the companies found new revenue models, with about 16% adopting a clicks-and-mortar strategy, combining their Internet strategies with that of more traditional businesses, Reuters reported. The repositioning could lead to sudden shifts in the competitive landscape, with "agile fringe players" potentially taking both old and new economy companies by surprise, the study said. Editor's Note: Neil Chase, a managing editor for CBS.MarketWatch.com, is filling in for Frank Barnako. ----------------------------------------------------------------- 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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