CNET Chooses OpenSite AuctionNow to Launch Multiple Marketplaces.Business Editors/High Tech Writers RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C.--(BUSINESS WIRE)--May 3, 2000 OpenSite Technologies, Inc., a leader in online auction and dynamic pricing technology, announced today that CNET (body) CNET - Centre national d'Etudes des Telecommunications. The French national telecommunications research centre at Lannion. Networks, Inc., the leading content network providing news and information to buyers and sellers around the world, will expand its technology portal to offer multiple-auction marketplaces using OpenSite's AuctionNow(TM) 1.1. The site is expected to re-launch in early Q3. CNET Auctions ( http://auctions.cnet.com ), an online auction service focused on technology products, originally launched using OpenSite Auction(TM) in May 1999. CNET makes the process of buying or selling technology products simpler, easier and better by providing value-added content like product reviews, and tools such as price comparison and feature comparison that help people make informed decisions. With AuctionNow 1.1 CNET will be able to expand its marketplace into multiple-technology auction galleries or marketplaces. "With the pervasiveness per·va·sive adj. Having the quality or tendency to pervade or permeate: the pervasive odor of garlic. [From Latin perv of marketplaces on the Internet today our vendors are very excited about the possibility of being able to create their own branded auction gallery," said Nihad Hafiz Hafiz (häfēz`) [Arab.,=one who has memorized the Qur'an], 1319–1389?, Persian lyric poet, b. Shiraz. His original name was Shams al-Din Muhammad. He acquired the surname from having memorized the Qur'an at an early age. , director of auctions at CNET. "We have been using OpenSite's technology for a year now and we are confident that AuctionNow will continue to meet our expectations." AuctionNow offers the ability to aggregate all auction galleries (within one service bureau) into an auction hub or auction mall. This new version of AuctionNow allows companies to benefit from the projected growth of online markets by allowing them to set up auction galleries that function as many-to-many marketplaces. Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
(mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. will flow through online markets in 2004, accounting for 53% of online trade. "With thousands of technology vendors already participating in its auction network, CNET is in a unique position to take advantage of the growth of dynamically priced marketplaces," said Kip kip 1 n. pl. kip See Table at currency. [Thai.] kip 2 n. 1. Frey, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at OpenSite Technologies, Inc. "CNET's decision to migrate to AuctionNow demonstrates OpenSite's continuing ability to meet the needs of our customers." More about AuctionNow 1.1 With AuctionNow 1.1, OpenSite offers new features that support a many-to-many marketplace business model. Some new features of the many-to-many auctions include: -- Auction types - forward and sealed auction types -- AuctionNow owners can charge sellers in a variety of different ways - through listing fees, commissions, etc. -- Registered users can be granted privileges to sell within the marketplace. AuctionNow, part of OpenSite's Dynamic Pricing engine (DPE DPE Digital Preservation Europe DPE Designated Pilot Examiner (conducts FAA checkrides) DPE Distributed Processing Environment DPE Dual-Phase Extraction (DNAPL removal system) ) family of products, is an online auction hosting solution designed for service providers, portals and businesses that want to develop an online auction service bureau. These individual branded auctions, called galleries, are designed as an entry-level service to allow merchants to quickly and easily establish an online auction. AuctionNow enables service providers, portals and businesses to generate additional revenue from their customer base and gives them an enhanced competitive position within their marketplace. About OpenSite Technologies, Inc. OpenSite's solutions include a variety of software and services, including outsourced options, which enable online auctions and other forms of dynamic commerce. OpenSite brings together buyers and sellers, helping businesses create new sales channels, manage inventory, attract new customers, introduce new products and strengthen customer and other business relationships. By having delivered over 600 licensed and outsourced auction solutions to customers, OpenSite believes it has provided more solutions than any other auction software and or services provider. More information about OpenSite, its solutions and its customers is available at http://www.opensite.com . About CNET Networks, Inc. CNET Networks, Inc. (Nasdaq: CNET), is the leading content network providing news and information to buyers and sellers around the world. CNET Networks is a platform for two Internet brands, a computer product database, and television and radio programming for both consumers and businesses. CNET, http://www.cnet.com , is the world's most trusted source of information on computers, the Internet and technology, serving millions of users each day. CNET's Web content has been localized Translated into the spoken language of the country. See localization. for seven Asia Pacific markets: Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Singapore, Japan, Korea, China, Taiwan and Australia. CNET Data Services licenses its multi-lingual product database to U.S. and European online computer retailers, resellers and e-commerce companies. CNET's award-winning television and radio programs are broadcast in 100 countries worldwide, as well as on CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. and other national distribution in the U.S. In February 2000, CNET acquired mySimon, http://www.mysimon.com , the Internet's largest comparison shopping service, with more than 200 categories and over 2000 merchants. CNET currently has investments in cash and marketable securities Marketable Securities Very liquid securities that can be converted into cash quickly at a reasonable price. Notes: Marketable securities are very liquid as they tend to have maturities less than one year, and the rate at which these securities can be bought or sold has valued at more than a half-billion dollars. |
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