To: Bob Trocchi who wrote (48 ) 2/23/2000 9:09:00 AM From: Bob Trocchi Respond to of 49
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.