To All:..
More competition for Webb???
A small portion of an article in today's "The Street.Com. Since it is a paid subscription, I will not post the entire article.
>>Internet: Small Business Getting Big Attention as Dow Jones, Excite
Join B2B Race
By George Mannes
Staff Reporter
2/22/00 7:54 PM ET
On the Internet, there's no business like small business. That's the
song that several online players have been singing, and now Dow Jones
(DJ:NYSE) and Excite@Home (ATHM:Nasdaq) are the latest to take up the
tune.
The companies said Tuesday that they were launching a new, jointly
owned company called Work.com that aims to be a portal for small and
midsize businesses on the Internet. The partners, which are forming the
venture from existing operations at each company, hope to sell a
minority stake to the public later this year.
The move spotlights the belief held by numerous Internet companies that
for all the money that might be made by leading consumer portals such
as Yahoo! (YHOO:Nasdaq), there's as much -- if not more -- opportunity
in creating an all-in-one site for business users that encompasses
news, commerce, community tools and other resources.
Other ventures that appear to be going after the same market include
NBC Internet (NBCI:Nasdaq), which is at work on a B2B strategy;
Office.com, owned by Winstar Communications (WCII:Nasdaq) and CBS
(CBS:NYSE); and America Online (AOL:NYSE), which is assembling services
for small businesses through deals such as a recent alliance with
Onvia.com, a company slated to go public soon that is developing a B2B
marketplace for small business buyers and sellers. <<
Bob T. |
