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Date: Tue, 29 May 2001 21:13:37 -0700 (PDT)
From: 347677.36020686.1@listserv.redherring.com
To: alewis@ect.enron.com
Subject: CATCH OF THE DAY: What planet are you from?
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Find these stories and more at
http://www.redherring.com
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TOP STORY: When's the next wave of telecom M&A? Don't hold
your breath.
M&A Insight: Telecom mergers on hold
http://www.redherring.com/index.asp?layout=story&channel=20000002&doc_id=680019468&rh_special_report_id=
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A D V E R T I S E M E N T
Find out how Oracle's Global CRM in 90 Days can save you
money, time and resources. Fixed time frame. Low cost. Click
to access:
*Larry Ellison's Global CRM in 90 Days Value Proposition
*Online Overviews and Web Seminar
*Information on how to purchase Global CRM in 90 Days
online, and more!
http://ad.doubleclick.net/clk;2824194;5797445;w?http://www.oracle.com/go/?&Src=646865&Act=106
A D V E R T I S E M E N T
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Catch of the Day: What planet are you from?
It was like another world. The party that VC firm Draper
Fisher Jurvetson was putting on was in the blimp hangar at
Moffett Field. There are few stranger buildings. And then
Tim Draper showed up. In a space suit.
But the portfolio companies for which DFJ threw the party
were, mostly, down to earth. There were only a few "viral"
concepts (like Hotmail, DFJ's most famous hit). The rest
were infrastructure, wireless, semiconductor, photonics, and
CRM companies.
And then there was Achex, which makes not an aspirin
substitute, but rather a system that lets consumers pay for
online purchases through a checking account, instead of with
a credit card. Personally, I use plastic for almost
everything, but outside of rich cities, a sizable portion of
the U.S. population doesn't buy this way.
Achex is targeting retailers that, at their physical
locations, do substantial cash and check transactions;
Kmart's BlueLight.com is a customer. Achex transaction fees
are also lower than credit card fees.
My first take on Achex was that online credit card
transactions work well enough, so why build a parallel debit
system? However, not everybody on this planet buys things
the way we do in the big city.
- Rafe Needleman, rafe-needleman@redherring.com
Editor, http://www.redherring.com
COMPANIES
* Achex
http://www.achex.com
* TeleCheck
http://www.telecheck.com
* PayPal
http://www.paypal.com
* Qpass
http://www.qpass.com
* BlueLight.com
http://www.bluelight.com
* Draper Fisher Jurvetson
http://www.dfj.com
RELATED STORIES
* Walmart.com: The physical giant goes virtual
http://www.redherring.com/story_redirect.asp?layout=story_generic&doc_id=RH640019064&channel=70000007
* J.C. Penney ... Web powerhouse?
http://www.redherring.com/story_redirect.asp?layout=story_generic&doc_id=RH850018285&channel=50000005
* Who will pay for WorldPay?
http://www.redherring.com/story_redirect.asp?layout=story_generic&doc_id=RH420018242&channel=50000005
* Breaking the virtual bank
http://www.redherring.com/story_redirect.asp?layout=story_generic&doc_id=RH1330014133&channel=40000004
* Baby, you can crash my car
http://www.redherring.com/story_redirect.asp?layout=story_generic&doc_id=RH1560017956&channel=80000008
* Micropayments, megaproblem
http://www.redherring.com/index.asp?layout=story&channel=80000008&doc_id=310015231
* Don't bank on mobile payments
http://www.redherring.com/index.asp?layout=story&channel=50000005&doc_id=1500015550
------------------------------------------------------------
A D V E R T I S E M E N T
Find out how Oracle's Global CRM in 90 Days can save you
money, time and resources. Fixed time frame. Low cost. Click
to access:
*Larry Ellison's Global CRM in 90 Days Value Proposition
*Online Overviews and Web Seminar
*Information on how to purchase Global CRM in 90 Days
online, and more!
http://ad.doubleclick.net/clk;2824194;5797445;w?http://www.oracle.com/go/?&Src=646865&Act=106
A D V E R T I S E M E N T
------------------------------------------------------------
Inside Tech
A Red Herring Research report on the economics of Webcasting
provides a jumping-off point for a lively debate among
insiders in the streaming-media sector.
The Red Eye: Broadband breakfast party
http://www.redherring.com/index.asp?layout=story&channel=10000001&doc_id=690019469&rh_special_report_id=
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http://events.redherring.com/
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Copyright (c) 2001 Red Herring Communications
All rights reserved
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