Netbot, a Seattle-based Web startup, plans to launch a beta version of its personalized online shopping technology called Jango (http://www.
jango.com) by monthend. The software can perform simultaneous searches for products available for sale online based on various criteria like price and stock levels at different online stores. Jango formally launches in June with 2,000 online retailers. The service will be ad-supported, although rates are not finalized.
Lycos to use Accipiter's AdManager
Lycos will this week begin licensing Accipiter's AdManager software to deliver targeted ad banners. In a twist, Lycos sister company ADSmart is currently developing ad management software of its own. Other sites using Accipiter technology include CNet, ZDNet and Happy Puppy.
Yahoo! reports a profitable Q1
Yahoo! last week reported revenues of $9,515,000 for the first quarter ended March 31, up more than 400% from the same period a year ago. The company reported a profit of $210,000 for the quarter. Revenues grew 12% over the third quarter, a slower growth rate than the 55% recorded from third quarter to fourth quarter. Yahoo! derives most of its revenue from advertising.
New domain names cause confusion
The International Ad Hoc Committee approved seven new domain names for Internet addresses, including .store for businesses selling products and .web for Internet businesses. The names go into effect immediately and are likely to spur a new round of jockeying for position as companies try to figure out what domain they should use and how many domains to register. Existing domain names remain unchanged.
Microsoft/WebTV spurs consolidation
Microsoft Corp. last week said it would acquire WebTV Networks for $425 million. A day later, rival NetChannel announced a letter of intent to buy upstart ViewCall America. NetChannel (http://www.netchannel.net), which initially will focus on devices using Oracle Corp.'s Network Computer standard, has a global hardware deal with No. 1 U.S. TV maker Thomson Consumer Electronics. Thomson plans to introduce its first TV Internet product June 17.
Ziff-Davis acquired a minority interest in Herring Communications, publisher of The Red Herring. The two companies will jointly develop online content for Ziff's ZD Net. . . . John Slavet to VP-ad sales, E! Online, from director of strategic development at Wired Ventures. . . . Paul Kessinger to senior VP-marketing at New Century Network from VP-marketing at ActMedia. . . . Dan Schwartz to president of ad network WebConnect from publishing director at CMP Media's HomePC.