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Charles Schwab & Co., Inc.
Internet Daily for Friday, August 10, 2001 by Frank Barnako CBS MarketWatch.com ----------------------------------------------------------------- Web use at four-month low Is the Internet getting old or is it summer doldrums? Worldwide Internet traffic fell to 296.4 million visitors in July, the lowest level in the past four months, according to ComScore Networks Inc. and Diameter, a division of DoubleClick Inc.. Overall traffic by U.S. visitors declined 1.9% from June to July, after a 3% drop from May to June, believed largely to have been driven by the end of college sessions, said Doug Knopper, general manager of Diameter. "This is probably not something to get worried about," he told CBS.MarketWatch.com. "After five years of huge growth, you expect a leveling off." Knopper said there is evidence the Internet is becoming more important in people's lives. "The time spent online is increasing. People are spending more time and using it in more effective ways and more like traditional forms of media." He said entertainment Web sites were the most visited category for the month, with 72% of Web users hitting a site such as Napster.com or Jurassicpark.com. ----------------------------------------------------------------- Flooz.com is a flop The Internet's version of S&H Green stamps has taken a licking and shut down its Web site. Flooz.com created an online currency that could be used to make purchases on various sites, including Barnesandnoble.com, Outpost and Tower Records. Customers bought the currency from Flooz.com and could use it themselves or e-mail it to others as a sort of gift certificate. Visitors to the site are now greeted by this message: "We are currently unable to process your transaction. Check back for further updates. We apologize for this inconvenience." The company, started by IVillage founder Bob Levitan, is reportedly considering ceasing operations. ----------------------------------------------------------------- One-day air sale boosts traffic Web visits to Travelocity skyrocketed 74% Wednesday, propelled by a one-day promotion for American Airlines. Daily traffic to Travelocity spiked to 436,000 unique visitors on Wednesday from Tuesday, while jumping 45% compared with the previous Wednesday, according to audience measurement service Nielsen/NetRatings. "One-day promotions can be very effective in attracting potential customers as the time sensitive call to action drives consumers to respond immediately," said Lisa Strand, director and chief analyst at NetRatings. Also Thursday and Friday, Orbitz and Expedia mounted promotions with Northwest Airlines. ----------------------------------------------------------------- Online trades off 32% Ameritrade Holding Corp. reported Friday the daily pace of trading last month was down 32% vs. two months earlier. The company said it handled 80,000 trades a day last month, while the May number was 118,000. Ameritrade said it had 1.554 million open accounts at the end of July, an increase of 1.5% from May. ----------------------------------------------------------------- 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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