The Buzz: March 18, 2002
Meet Your eBay Seller
EBay.com scored in the online world by bringing buyers and sellers together in a virtual auction house. Now those buyers and sellers can meet one another in the flesh at eBays first user conference, scheduled for June 21-23.
The eBay Live 2002 Community Conference, set to be at the Anaheim Convention Center in California, will include a keynote speech by eBay CEO Meg Whitman, as well as workshops at "eBay University" on selling and buying strategies.
The conference will include an exposition of eBay sellers, who will set up shop or hang around to meet their customers for the first time.
More information can be found at www.ebay.com/ebaylive.
Court Closes .usa Maker
The U.S. District Court, at the request of the Federal Trade Commission, last week closed an operation that used spam to play on peoples patriotism to sell Web addresses with new top-level domains such as .usa that didnt work.
The FTC said the three businesses sold domain names that used such addresses as .usa and .brit.
The businesses launched an aggressive spam campaign after the Sept. 11 terrorist attacks. People were sold the domain names for $59, but the sellers were not accredited domain name registrars, and the names could not be used on the Internet. Regulators guess that the businesses got more than $1 million.
The courts action came a week after BulkRegister, the fourth-largest domain registrar, began offering domain names with the .us suffix.
Pinning Hopes on Next Year
Lucent continues treading water in the turbulent telecommunications sea.
The equipment maker last week said it will take longer than expected to return to profitability, which probably wont happen until next year. Just weeks ago, the company said second-quarter revenues would grow 10 percent to 15 percent. Now, officials say the growth will be a "modest to 10 percent improvement."
The problem, according to Lucent, is that large service providers are still reducing or deferring their spending, which affects Lucents financial situation.