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BUSINESS
June 3, 2005 | Jon Healey, Times Staff Writer
Many record industry executives think of file-sharing networks as a den of music thieves, but Brady Lahr sees a vein of gold waiting to be tapped. Lahr, co-founder and president of Kufala Recordings, is one of a number of file-sharing advocates who argue that the networks can play an important role in e-commerce.
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BUSINESS
February 15, 2000 | Reuters
CMGI Inc. said it will acquire electronic-commerce service provider Tallan Inc. in a cash and stock deal valued at about $920 million. The Internet fund said Tallan would enable its CMGI Solutions, which helps companies conduct electronic commerce, to boost billable resources by 350%. Clients of Glastonbury, Conn.-based Tallan include computer storage provider EMC Corp., EToys Inc. and Priceline.com Inc.CMGI rose $3.44 to close at $115.50 on Nasdaq.
BUSINESS
September 22, 1999 | Reuters
Hewlett-Packard Co. and Oracle Corp. signed a deal to jointly develop electronic commerce systems for their businesses. The partnership was designed to integrate HP's hardware and Oracle's software, allowing both companies to collaborate on sales efforts and expand market potential.
BUSINESS
March 30, 2001
The Tustin electronic commerce company reported a net loss for the year of $5.7 million, or 18 cents a share, compared with a net loss of $3.5 million, or 11 cents a share, for the previous year. Sales increased 9% to $30.1 million.
CALIFORNIA | LOCAL
September 7, 1999
Processing Source International, Canoga Park, has been acquired by Accesspoint, Irvine, for an undisclosed sum. PSI becomes a wholly owned subsidiary, the company said. Accesspoint manufactures Internet-based electronic commerce solutions. PSI is a merchant bank-card processing company with approximately 40% of its business in Internet transactions.
BUSINESS
April 28, 2000
The Irvine maker of Internet and electronic commerce security products reported first-quarter net income of $3.1 million, or 23 cents a share, up 144% from $1.3 million, or 10 cents a share, for last year's first quarter. Revenue rose to $36.4 million from $26.1 million.
BUSINESS
March 22, 2000 | CHARLES PILLER, TIMES STAFF WRITER
Financial losses attributed to computer crime in the United States probably doubled to $10 billion in the last year, in part because of the surging popularity of the Internet, according to the Computer Security Institute.
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