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Charles Schwab & Co., Inc.
Email Alert Internet Daily for Thursday, December 27, 2001 by Frank Barnako CBS MarketWatch.com Worst of dot-bombing is over The rate at which Internet-related companies are shutting down or declaring bankruptcy is slowing, and the worst is over, according to Tim Miller, founder of Webmergers.com. During 2001, he said, 537 Net companies collapsed, more than twice the number that met that fate in 2000. "Shutdowns followed on the heels of the stock-market downturn as venture investors, watching their exit opportunities dissolve, abruptly shut their doors on cash-hungry startups," Miller said. He said that the slowdown is not due to the fact there are so few dot-coms left. Webmergers.com estimates between 7,000 and 10,000 Internet companies received some sort of funding. "At most, then, 10% have shut down," he said. "It may be safer to say that the Darwinian process has left many fewer weak Internet companies." ----------------------------------------------------------------- FCC clears Internet for flight Boeing said it has received approval to offer broadband Internet and video service aboard airliners. The service, Connexion by Boeing, will make available high-speed Internet and intranet access, television and email over the United States. "This license signals a new era for in-flight [entertainment]," said Scott Carson, president of Connexion. "Air travelers will have access comparable to the speeds and quality of service they expect on the ground." Boeing said the service is available now aboard some executive aircraft and that Lufthansa may install a prototype on one plane within a year. ----------------------------------------------------------------- 'Harry Potter,' 'Shrek' fuel Amazon.com sales Amazon.com reported that it processed orders for 37.9 million items during the holiday shopping period. The company said 10 million items were ordered through its international Web sites in the United Kingdom, France, Germany and Japan. Some 450,000 "Harry Potter" books and related products were sold, while 150,000 copies of the "Shrek" video and DVD were sold. Amazon said 99% of orders were shipped on time to meet holiday deadlines. ----------------------------------------------------------------- For late-breaking market news you can't afford to miss, go to http://CBS.MarketWatch.com/ ================================================================ LOGIN to access your account: https://investing.schwab.com/trading/start ---------------------------------------------------------------- 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 ---------------------------------------------------------------- Notice: All email sent to or from the Charles Schwab corporate email system may be retained, monitored and/or reviewed by Schwab personnel. (0801-11478) 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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