HOLIDAYS PRODUCE ONLINE OPTIMISM; STOCK PRICES RISE FOR WEB MERCHANTS.Byline: Greg Chang Chang (chăng) or Yangtze (yăng`sē`, yäng`dzŭ`), Mandarin Chang Jiang, longest river of China and of Asia, c.3,880 mi (6,245 km) long, rising in the Tibetan highlands, SW Qinghai prov. Bloomberg Bloomberg A major global provider of 24-hour financial news and information including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. News Shares of companies selling goods over the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the rose as investors bet that more consumers will do their holiday shopping online, boosting sales. Online music retailer CDNow Inc. rose $9.875 to $26.875. Software merchant Egghead.com Inc. rose $10.1875 to $31.625. Internet auctioneer AUCTIONEER, contracts, commerce. A person authorized by law to sell the goods of others at public sale. 2. He is the agent of both parties, the seller and the buyer. 2 Taunt. 38, 209 4 Greenl. R. 1; Chit. Contr. 208. 3. Onsale Inc. rose $37.625 to $97.625. Fellow auctioneer eBay Inc. rose $13.50 to $218. Books-A-Million Inc., a book merchant which introduced an enhanced Web site Wednesday, soared $26 to $38.9375 in trading of 33.5 million shares, making it the most active U.S. stock. Leading online book merchant Amazon.com Inc. rose $6.3125 to $216.625. Egghead.com, which closed all of its bricks-and-mortar retail stores and added ``.com'' to its name earlier this year, said it plans to introduce a redesigned Web site on Monday that will allow it to offer products beyond software and personal computers. ``This is the most significant step the company has taken since closure of the retail stores and the migration of our business to the Internet,'' said George Orban, Egghead.com's chief executive and chairman, in a statement. The day after Thanksgiving Thanksgiving annual U.S. holiday celebrating harvest and yearly blessings; originated with Pilgrims (1621). [Am. Culture: EB, IX: 922] See : America Thanksgiving national holiday with luxurious dinner as chief ritual. [Am. Pop. is usually one of the busiest holiday shopping days for traditional retailers. Friday's rise in Internet retailers comes on top of gains earlier this week. Since Monday's opening bell, Egghead.com and CDNow have more than doubled, Onsale has more than tripled, eBay has risen 48 percent, Amazon.com has risen 20 percent and Books-A-Million has risen more than twelvefold. Some of these companies have yet to make a profit. Also Friday, Big Entertainment Inc. rose $5.3125 to $13 as the Boca Raton Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.-based company opened an online store selling movie memorabilia mem·o·ra·bil·i·a pl.n. 1. Objects valued for their connection with historical events, culture, or entertainment: posters, publicity photographs, and other movie memorabilia. 2. . Didax Inc., which runs a Christian-oriented Web site that includes a shopping area co-branded with Family Christian Stores Inc., rose $10.375 to $20.875. Other Internet-related shares that rose included music and software distributor Navarre Corp., which rose $6.3125 to $12.1875 in trading of 21.4 million shares, making it the second-most active stock. Navarre's chief executive, Eric Paulson, told CBS (Cell Broadcast Service) See cell broadcast. MarketWatch on Wednesday that it has hired an undisclosed investment bank to take its NetRadio Corp. unit public soon. Navarre originally said in July that it wanted to sell shares of NetRadio, which is an Internet-only radio network. |
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