Don't know if this was posted or not, but it will probably make this nutty stock rise tomorrow.
Internet retailers form online-commerce network
NEW YORK, Oct. 14 (Reuters) - Four top online retailers said Wednesday they are setting
up a network to help consumers find goods and services on the Internet.
Scheduled for launch in November, the network is being established by CDnow Inc.
(Nasdaq:CDNW - news), Cyberian Outpost Inc. (Nasdaq:COOL - news), eToys, and
Reel.com.
Under the alliance, each of the stores involved in the partnership will endorse other members, providing consumers easy access
to their sites and products.
Customers will be able to buy music at CDnow, computers at Cyberian Outpost, childrens' toys at eToys, and movies at
Reel.com, along with a variety of other products.
The network will continue to add retailers in the coming months.
News of the online network comes a week after several big-name Internet retailers said they were making plans to team up.
Two of the largest Internet music retailers, CDnow and N2K Inc. (Nasdaq:NTKI - news) said Oct. 7 they were discussing a
merger that would create the largest on-line music store and a powerful rival to fast-growing Amazon.com Inc
(Nasdaq:AMZN - news).
A day earlier, the world's biggest book publisher, Bertelsmann AG (quote from Yahoo! UK & Ireland: BTGGg.F) agreed to buy
half of barnesandnoble.com, the online division of Barnes & Noble Inc. (NYSE:BKS - news). |
