SAN FRANCISCO -- Yet another e-commerce titan suffered a breakdown today, this time it was
Bill Curry, director of public relations for Amazon.com, told
the site was down for 36 minutes, and the company had identified the source of the problem, but refused to disclose what it was. A notice on Amazon's site said that its books, music video, toys and electronics stores were temporarily closed. "We expect to be back soon," a note read, and users were able to leave their e-mail address if they wanted to be notified when the site was back up.
received such a notice at 3:58 p.m. EDT.
The problems come during a week when Amazon expanded its site with shopping areas for electronics and toys. And on Wednesday, the company said it had bought a 49% stake in
, an online seller of sporting goods at closeout prices. Nevertheless, Amazon.com was one of the bright spots in the Net sector today, and closed up 4 9/16, or 3.4%, at 139 9/16.
It is the latest in what have been a string of technical
problems for a number of Internet sites of late, most notably
, which has had technical difficulties on three separate occasions in a little over a month, and
, which went down last
week. Ironically, Amazon.com's auction site was not down.
There was good and bad to report on the earnings front. Both
bested earnings estimates on Wednesday, but closed lower today as traders took profits after-the-fact. EarthLink closed down 3 7/8, or 6%, at 60 1/8, while Inktomi finished down 4 1/2, or 3.5%, at 124 3/8.
After the close,
net income of 7 cents a share for its second quarter, 2 cents better than the
estimate of 5 cents a share. In advance of the report, CNET closed up 1 1/8, or 2%, at 51 7/8. Revenue were $25.6 million vs. $13.3 million in the second quarter of last year and $19.6 million in the first quarter of this year.
And shares of
were weaker on news that the stock was dropped from the top-10 holdings of some
funds, including the flagship
. Fidelity doesn't say whether changes in its list are due to buying or selling, but reports said the move in AOL likely was due to selling. It finished down 2 1/16, or 1.7%, at 120 15/16.