Extending E-Commerce.
Published:
5 March 1999 y., Friday
So Dell is opening a superstore. It is not enough to sell built-to-order PCs. Now you can load your virtual shopping cart at Gigabuys.com with printers, digital cameras, software games, even those Barbies with embedded chips in them. Is the Internet becoming one big Wal-Mart? Which is what CEO Michael Dell must be thinking. His company has a market capitalization of $102 billion, and his share (about 20%) makes him one of the richest men in the world. Its stock price is doubling about every six months. But PC growth is slowing, and we_ve got to keep the stock price rising! So the chairman and CEO of the company that bears his name came to San Francisco to do a virtual ribbon cutting on the new store. He is got a lot of competition. Just take Buy.com. The online superstore, an amalgam of Amazon and Dell, is selling items at cost or below, hoping to make money on advertising. Dell says Gigabuys.com will price products competitively. In fact, Dell thinks businesses like Buy.com aren_t sustainable. Steve Jobs has a Dell fixation. Next thing we know, Apple will attempt to capitalize on its brand, further expanding its online store.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »