FRAMINGHAM (07/06/2000) - Study: German Dot-coms HurtingOne in seven German Internet companies risks running out of money within the next two years, according to a new study by New York-based research and consulting firm PricewaterhouseCoopers LLP. The study analyzed 56 publicly traded German companies. It was based on data available as of the end of last year, said study co-author Thomas Schmid. Among those on the endangered list are business-to-consumer companies and software companies that help other businesses sell on the Web. Companies involved in three other Internet business sectors that were analyzed - infrastructure, multimedia and search engines - are less at risk, according to the authors.
Feds to Probe NTT's Takeover of Verio
Under the authority of legislation usually invoked to address national security concerns, the U.S. government will probe Tokyo-based NTT Communications Ltd.'s proposed acquisition of Internet hosting and service provider Verio Inc. in Englewood, Colorado, NTT said this week. The Committee on Foreign Investment in the United States will investigate "law enforcement matters that relate to the Internet industry," according to a statement from NTT. The investigation comes as the U.S. is about to enter what could be the final round of long-term negotiations on interconnection charges with NTT subsidiaries. The U.S. has threatened to file a complaint against Japan with the Geneva-based World Trade Organization over the issue.
Datek Launches Decimal Trading
Datek Online Brokerage Services LLC introduced decimal-based trading July 3 on The Island ECN, Datek's electronic communication network (ECN). Decimal trading will be available for stocks listed on Nasdaq. Investors currently trade in fractional increments, the smallest of which is one-sixteenth of a dollar, or 6.25 cents. According to Datek, the switch should give clients a competitive advantage in bidding - at least until other trading platforms catch up.
Niku to Buy ABT
Niku Corp. in Redwood City, California, a vendor of Internet software for services companies, has entered into a definitive agreement to acquire ABT Corp., a New York-based vendor of project management software.
The decision grew out of a successful joint marketing partnership earlier this year. The acquisition will accelerate ABT's migration of its products to the Web, a Niku spokesman said.
InternetCash Adds Spanish Section
InternetCash Corp. has launched a Spanish-language section of its Web site targeting U.S. Hispanics and designed to let them shop online without a credit card.
Like the English-language section of www.internet.cash.com, the new section offers the InternetCash prepaid card. Similar to a prepaid phone card, the card can be used as an alternative way to pay for goods online.
InternetCash says shoppers who use the card don't have to disclose personal information like they do when they use credit cards.
KPMG Consulting LLC's Forensic and Litigation Services recently released a report offering tips to prevent cybercrime, "E-Commerce and Cyber Crime: New Strategies for Managing the Risks of Exploitation." The report is available online at www.kpmg.com.