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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jul 12, 1999
Page
5
Home users can cheaply and easily make CDs with recorders from under two hundred dollars. The technology, co developed by Philips and Sony, moved from audio to data and multimedia use, enabling large scale data retrieval and games.
Wingspanbank.com launches as a Delaware Internet only bank allowing online viewing of accounts, bill pay, credit cards and loans. It touts high online interest and fixed rates, with a plan to partner with portals like Yahoo and Lycos. Critics doubt profitable scale, while customers praise convenience and speed.
Ultraprise.com operates 24 hours in Sheperdstown WVa with 90 staff and plans to expand across six states. In February it launched UltraBase com the first Internet marketplace for secondary market mortgage executives matching buyers with sellers and offering bid histories client matches and email alerts. The site targets investors and lenders not consumers or brokers and averages 120000 per loan with 38 million posted. First trade was 500000 equity loans. Company aims for 5 billion in volume this year and doubling next year.
A Nielsen CommerceNet study shows 92 million people over 16 in the United States and Canada used the Internet, with near gender parity online. Women’s online purchases rose 80 percent in nine months, led by books CDs and videos, while computer purchases by women jumped 160 percent to 1.3 million.
A Nature study by Lawrence and Giles shows search engines cover a shrinking fraction of the Web. Northern Light reaches about one sixth of pages, with coverage down from 18 months ago, while new pages take over six months to be indexed.
A recent study finds that the top engine now covers only about one sixth of the searchable Internet, down from about one third a year and a half earlier. The report lists coverage by engines such as Northern Light Snap Altavista HotBot Microsoft Infoseek Google Excite Yativo and others, noting most searchable sites are commercial company home pages and that many sites span multiple categories.
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