Check out the new BidCom/ISLD customers (along with CSCO, EGRP, etc.)
Digital Island gets BidCom business, stock jumps
Posted at 3:11 p.m. PDT Tuesday, July 6, 1999
SAN FRANCISCO (Reuters) - Digital Island Inc., which
provides global network services for e-commerce companies, said
Tuesday it has a deal to distribute content for BidCom, which is
building a global system for handling building industry services and
transactions over the Internet.
After going public quietly last week at $10 and gaining 25 cents on
its first trading day, Digital Island Tuesday was swept higher along
with other Internet stocks. It soared $11.42 to $32.66 on Nasdaq
for a one day gain of 50 percent.
BidCom will use Digital Island for its inSite business-to-business Internet-based application in the
United States, Europe and Asia.
BidCom customers include Federated Department Stores, Swinerton & Wahlberg Builders, Sun
Microsystems, and The Gap.
Digital Island said it also plans to support BidCom's new e-commerce and content business hub
(www.buildinsite.com), which is scheduled to go live in the third quarter of 1999.
BidCom is trying to create the building industry's central location for exchanging information,
accessing industry news and engaging in real-time e-commerce transactions. It will handle
real-time bidding on projects and a wide array of electronic services to the industry. |
