Feeds

Amazon investors react to the obvious

And other e-tailing tales

  • alert
  • submit to reddit

Boost IT visibility and business value

Amazon has been burned by a report from investment bank Lehman Brothers, which reckons the bookseller will run out of cash in the next four quarters unless someone delves into their very deep pockets.

This contradicts another report, out last week, by influential business mag Barrons which generously suggests Amazon's cash reserves will last 35 months. Click here to read all about that.

But whichever report is right, Amazon's share price plunged 20 per cent on Friday.



lastminute.com is thought to have signed a deal with entertainment giant SFX, which will give the online booking company access to tickets for events at 79 entertainment venues in the UK, including London's Lyceum Theatre. In return, lastminute's inventory will be made available to SFX, which sells its ticket through

tickets-direct.co.uk

. lastminute is expected to negotiate further deals with SFX, to extend its reach in Europe.




IT online recruitment service Mightymatch is ready to go live with its site this week, following a second round of private financing to the tune of £3 million. George Sitwell, Mightymatch's MD, told the

Financial Times

that online recruitment was espcially suited to the IT sector, since the industry is "skills rather than personality driven". Well good luck to them if they want to slag off their customers like that.



Companies can advertise on the site for free, paying a fee of five percent of a first year salary for a successful recruitment. Oracle has been named as a prospective client.

The company also says that it will seek a listing on AIM in the autumn, despite the tricky market conditions, with a valuation of £60 million.



Pharmalife, an Internet service for the UK's 40,000 pharmacists, launched its online news and information service today. The address is pharmalife.co.uk. In September it plans to launch tradepharm.co.uk which is intended to allow drug suppliers and pharmacists to buy and sell prescription and over-the-counter medicines online. Taking a wild stab in the dark, this could become a site it becomes popular to try and hack.




Venturedome, an online forum for venture capital companies and start-ups, is suffering from dotcom alienation disease and has postponed its flotation. According to the

Daily Telegraph

the company had hoped to raise £3 million this month which would value it at £18 million. Venture capitalist


Springboard, which owns 42 per cent of the business, said it would fund Venturedome for another 12 months, but would not say when there would be another crack at floating the business. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.