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Non-Tech : FedEx (FDX)
FDX 262.11+1.3%Nov 7 9:30 AM EST

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To: Tom_ who wrote (362)4/7/1999 5:23:00 PM
From: Darryl Olson   of 524
 
Detailed Link:

news.com

FedEx, Netscape to launch "shipping
portal"
By Tim Clark
Staff Writer, CNET News.com
April 7, 1999, 1:45 p.m. PT

Federal Express today announced an agreement to license Netscape
Communications' software and information for a custom "shipping portal" in
a deal that also includes enhanced visibility on Netscape's business-oriented
Netcenter web directory.

The multiyear, multimillion-dollar contract includes RPS, another FDX subsidiary
that handles business-to-business ground shipments. It creates a new FedEx
"delivery center" on Netcenter and is aimed at simplifying e-commerce transactions
by offering streamlined shipping information and personalized package tracking.
Those features also will be integrated with Netscape's future browsers.

However, the deal does not involve America Online's Web site or proprietary online
service, and FedEx said on a conference call that no talks have been held directly
with AOL, which last month completed its acquisition of Netscape.

"E-commerce is the catalyst behind this agreement," said Laurie Tucker, FedEx's
senior vice president of electronic commerce.

The enhanced services target two markets--small-business users and the shipping
departments of major companies that use on FedEx. The new FedEx shipping portal
is aimed at corporate customers, while the Netcenter relationship goes after the
small businesses.

In addition to the new delivery center service, Netcenter will make FedEx and RPS
its default shipper for its online software store, allow MyNetscape users to include
FedEx services on their customized start page, and let users print shipping labels
directly from their personal address book hosted on Netcenter.

FedEx said the services will be launched "over the next couple of months," but
declined to be more specific.

FedEx has been a longtime Netscape customer, noted Marty Kagan, Netscape's
vice president of e-commerce, in part because former Netscape CEO James
Barksdale was previously chief technology officer of FedEx.

FedEx archrival UPS pooh-poohed the FedEx
announcement, saying it already offers similar services
over the Net and has had portal deals dating back to
1997 and an AOL deal in 1995.

But UPS has not created a "shipping portal" like the
FedEx's. Ross McCullough of UPS' e-commerce
division also noted that being the default shipper for
Netscape's software store may not be a long-term
benefit as more software is delivered by download, not
courier.

FedEx described the deal as simplifying access to its
shipping services, saying that enhancing existing
offerings can improve customers' expenses.

The deal did not involve Netscape's CommerceExpert
line of e-commerce software that allows companies to set up Web storefronts and
conduct procurement, billing, and payment online.

FedEx's stock hit a 52-week high of 103 earlier today. It closed at 102.875, up
3.4375.
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