Tom Online Cuts Revenue Guidance
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Tom Online (TOMO:Nasdaq - news - research) sank Friday after slashing its third-quarter revenue guidance. The company warned that it expects sales for the third quarter ended Sept.
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The company lowers its estimated share price range and cuts the number of shares to be sold. Also: Digital Lifestyles Group creates a PC designed for teens & hellip;. BellSouth says new benefits for retirees will reduce its earnings & hellip;. and more.
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Shares in online travel firm Lastminute tumble as it reports pre-tax losses of Â£77m - almost double the figure of a year ago.
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Analysts are trimming online ad spending forecasts in light of U.S. mortgage crisis, but say search marketing will be least affected.
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Shares in the telecommunications equipment maker fell today to their lowest level after the company slashed its forecast for full-year revenue growth.
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United Online Inc. , a low-cost Internet service provider, on Monday reported disappointing growth in quarterly revenue and subscribers, and cut its full-year subscriber target for the second time in three months, sending shares as much as 7 percent lower.
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Artilium, the telecommunications technology group formerly known as Future Internet Technologies, was among the leading fallers on Monday as Panmure Gordon initiated coverage with a "sell" recommendation. The broker said the company, which produces software to integrate mobile, fixed-line and broadband networks, had been "driven too high by retail investor speculation rather than fundamental developments in the business" and set a price target of 91p. Artilium closed down 19.3 per cent at 153p.
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The number of customers buying travel online has begun to shrink, the first time a category has lost shoppers since Forrester Research began tracking e-commerce 10 years ago.
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Leading shares closed sharply lower, as a profit warning from Tomkins, an arrest of another gaming executive in the US and continued weakness on Wall Street undermined sentiment, and offset relief the Bank of England left rates unchanged, dealers said.
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EBay Inc. will close its primary China website and form a partnership with Beijing-based Tom Online Inc. to boost traffic in the world's second-biggest Internet market, a person familiar with the situation said yesterday.
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The New York Times announced Monday it would stop charging for access to certain articles and archives on its web site, reversing a marketing plan implemented two years ago.
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Time Warner reported revenue growth of 5% for its third quarter, but net income declined and the company may have to restate its financial results for 2002 in connection with the investigation of accounting practices at its AOL division, the company said
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Time Warner Inc.  on Wednesday  said its AOL unit will no longer charge high-speed Internet  users for e-mail and other Web services in a gambit to attract  more viewers and boost online advertising.
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Advanced Marketing Services Inc., which provides customized wholesaling and distribution services for the publishing industry, on Monday slashed earnings expectations for fiscal 2004.
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Texas Instruments Inc. cut third-quarter revenue expectations Wednesday but narrowed its profit forecast to the upper end of previous guidance.
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update America Online is expected to cut more than 700 jobs from its work force next month, as the online giant continues to struggle with declining subscriber numbers, according to a source familiar with the plans.
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Online retailers don't own Mondays anymore.