with faster Net access via asymmetrical digital subscriber lines technology.
Netscape Phones Home: Netscape will bundle IDT (IDT)'s Net2Phone Internet telephony software as part of its next-generation Web browser and will also in-clude the service as part of the NetCenter portal site. In the past, IDT's customers had to download the software from the Net. Since Netscape owns half the browser market, Net2Phone could emerge as a standard for Internet telephony.
Noted: Fleet Financial, which owns Quick & Reilly and discount online brokerage Suretrade, is examining options to spin off Suretrade to the public. ... As it prepares documents for an upcoming IPO, NetGravity has withdrawn the bullish forecast it made last month, which stated that the company expects to reach $9 billion in sales by 2002. ... Bill Gurley, partner with Hummer Winblad Venture Partners (dossier), has decided to jump ship for Benchmark Capital in Menlo Park, Calif. ... Byte, the recently scrapped computer magazine, officially relaunched on the Web. ... The Stevens Institute of Technology in Hoboken, N.J., became the first university in America to offer a bachelor's degree in e-business. ... General Electric (GE) bought a 20 percent share in home-shopping network ValueVision and pledged to develop other e-commerce projects.
- Edited by Megan Barnett
