The Internet may have turned retailing on its ear, but companies
using it to sell cars are struggling with a web of another kind.
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Financially troubled Incomnet Inc., which filed for bankruptcy
protection in September, said Monday it is unlikely that its stock will
be listed again on any exchange or that shareholders will receive any
value for their shares.
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Financially troubled Incomnet Inc., which filed for bankruptcy
protection in September, said Monday it is unlikely that its stock will
be listed again on any exchange or that shareholders will receive any
value for their shares.
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As the dust settles in the aftermath of the holiday shopping
season, sales by online retailers appear to have hit the high end of
projections, with a study of Internet merchants released Wednesday
estimating sales of more than $10 billion, more than triple the results
in the same period last year.
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The booming market of electronic commerce, both in retail and
business-to-business, will face a raft of public policy, technological
and marketing challenges as it continues to mature next year.
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In a deal that raised eyebrows for its price tag even in the
high-tech world, Newport Beach-based Conexant Systems Inc.
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The cash register business, which has as much sex appeal as
corduroy, is looking up for Fountain Valley-based
CAM Data Systems Inc.,
which has seen its stock hit all-time highs in recent weeks.
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The big retailers trying to become “dot-coms” might learn from
Vitaly Yazvim.
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With the Internet holiday shopping season peaking this week,
complaints about poor service are mounting, with online chat rooms
echoing gripes about damaged goods, missed delivery dates and
out-of-stock items.
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