Word: nasdaq
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...from the tax-free Web. Both Gore and Bush favor extending the moratorium but stop there. How tough is this issue? A blue-ribbon panel at press time voted 10-8 not to tax the Internet. Their recommendation has been sent to Congress for review. Whether the massacre on NASDAQ in mid-April will ameliorate concern about this issue on Capitol Hill remains to be seen. But experts such as Christopher Wysocki, president of the Small Business Survival Committee, a lobbying group in Washington, believe taxing e-commerce would put the entire Internet sector into a tailspin. Says Wysocki...
...buggy British electronic trading system may have spurred the merger that created the world's second biggest stock exchange. The London Stock Exchange and Frankfurt's Deutsche Bourse merged Wednesday as equal partners, with a NASDAQ tie-in rendering the new iX (international exchange) the 500-pound gorilla of European markets. "This deal has been in the works for years but kept breaking down over whether the merged exchange should use the German or the British electronic trading platform," says TIME Atlantic business editor Richard Hornik. "But three weeks ago, that debate was rendered moot when the British system crashed...
...room for suggesting that London and Frankfurt could merge as equals," says Hornik. "At that time, the German bourse amounted to nothing. But they were much faster to take advantage of the possibilities of high tech, and the Frankfurt market has turned itself into Europe's NASDAQ - the center of the continent's burgeoning technology investment sector." NASDAQ appears to have recognized that reality, too, by signing a memorandum of understanding with the new iX company to refrain from opening a competitor and to allow the trading of share flotations...
...pretty good season to be a bitter old person, which is to say, as defined by TV advertisers and the Internet economy, anyone over 27. Not only did dotcom whippersnappers get spanked by the NASDAQ, but TV's youthquake--when networks unleashed a hot-bodied army of Dawson's Creek clones to capture young audiences--triggered an avalanche of zit fatigue. The teen cop (Ryan Caulfield), the earnest young politicos (D.C.), the sexy prepsters (the never-aired Manchester Prep)--all were dead on arrival, while older-skewing dramas thrived...
...hour. Telephones, personal digital assistants, computers--and all the things that you can attach to them, from mice to modems--are shedding their wires and taking on a life of their own. Even the Internet itself is being reborn as the Wireless Internet, with a horde of NASDAQ companies offering novel ways to connect sans cords...