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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Long John who wrote (109270)	7/24/2000 9:05:41 AM
From: puborectalis	Read Replies (1) \| Respond to of 120523

VERT getting into more areas....Softbank unit, VerticalNet plan medical Web site TOKYO, July 24 (Reuters) - Softbank E-Commerce Corp, a unit of Japanese Internet investor Softbank Corp , said on Monday it had formed a joint venture with VerticalNet Inc (NasdaqNM:VERT - news) for e-commerce in pharmaceuticals and medical equipment. The joint venture, named VerticalNet Japan Corp, capitalised at 400 million yen, is owned 60 percent by Softbank E-Commerce and 40 percent by VerticalNet, a U.S. operator of a leading Internet network of business-to-business industrial trading communities. The company will start to operate a Web site in September for Japanese makers of pharmaceuticals and medical equipment with URL of verticalnet-japan.com, claimed to be Japan's first such site. It will list items including suppliers of pharmaceuticals, raw materials for drugs, medical equipment, analytical equipment and manufacturing equipment. Six to 10 branch sites will be set up by March 2002, a Softbank spokesman said. AND MORE...............................ExpertCommerce, Inc.(www.expertcommerce.com), the sole provider of intelligent and proven online business-to-business purchase evaluation technology that simulates the way business professionals make decisions, today announced that it has entered into a strategic alliance with Tradeum Inc., a VerticalNet, Inc. (Nasdaq: VERT - news) company and leading innovator in building business-to-business digital marketplaces. Under terms of the agreement, the companies will jointly market and deliver complete commerce functionality, including decision support tools, to drive higher transaction volumes for their customers. AND STILL MORE>>>>>>>VerticalNet, Inc. (Nasdaq: VERT - news), the Internet's leading network of business-to-business trading communities, today announced completion of VerticalNet Europe, B.V., a joint venture with global communications company British Telecommunications, plc (``BT'') (NYSE: BTY - news) and B2B e-commerce leader Internet Capital Group (Nasdaq: ICGE - news). VerticalNet, Inc. is the majority shareholder in the joint venture. ``With VerticalNet Europe we are entering the Internet's next hypergrowth market from a position of strength, with substantial existing international traffic and premier partners. Partnering with BT and Internet Capital will allow us to exploit this opportunity very rapidly,'' said Mark Walsh, President and CEO of VerticalNet. BT's considerable presence, reach and alliances within Europe, along with Internet Capital Group's network of partner companies and industry expertise, form a solid combination with VerticalNet's know-how and leadership position in business-to-business trading communities,`` added Walsh.