NEWCOM'S HOLIDAY SALES LOOK BLEAK; WEBPAL DELIVERIES HELD UP.Byline: David Evans David Evans may mean:
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 Westlake Village-based NewCom Inc. is missing the holiday sales season because it hasn't yet shipped to retailers its WebPal device for linking televisions to 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 . While NewCom said in September its $349 product was available in major stores, executives of the two consumer electronics retail chains it named as sellers of WebPal said they won't stock it. ``We told them how disappointed we were that they released incorrect information,'' Dominic Leung, merchandising merchandising Element of marketing concerned especially with the sale of goods and services to customers. One aspect of merchandising is advertising, which aims to capture the interest of the segment of the population most likely to buy the product. manager for personal electronics at Good Guys Inc., said in an interview. Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. Stewart, a Circuit City Stores Co. spokesman said the announcement was ``wrong.'' NewCom is betting heavily on WebPal's success. In February, the distributor of computer accessories committed to pay $16.5 million - about 150 percent of its net worth - for a contract to buy an undisclosed number of WebPals from an unnamed supplier, and later paid a $3.6 million deposit. As NewCom struggles, Microsoft Corp. expects to sell 250,000 of its competing WebTV Classics by year's end in stores such as Circuit City and Good Guys. Microsoft offers a $100 rebate rebate, partial refund of the total price paid for goods or services. In the United States, rebates were historically given by railroads to favored shippers as a return on transportation charges. to WebTV purchasers, lowering its final price to $99 - less than one-third the price of NewCom's WebPal. Sonia Kiarashi, NewCom's vice president for sales and marketing, said in an interview that Microsoft's aggressive pricing of WebTV delayed WebPal's distribution. ``We're coming up with a game plan,'' she said. ``I don't have a specific date.'' Kevin Hause, an analyst with International Data Corp., said, ``if they don't have WebPal on the shelves today, they've definitely missed the window,'' to sell in the current holiday season. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion