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Online magazine Salon.com, which recently went public, reported a fiscal first-quarter net loss, including an $11.5-million one-time noncash preferred dividend, of $16.1 million, or $10.10 per share, compared with a loss of $1.4 million, or $3.75, a year ago. Revenue rose to $1 million from $408,000.
* Shares of Santa Monica-based Stamps.com Inc. fell 12% after an early rally on news that the U.S. Postal Service, as expected, approved its plans to let Internet users buy postage electronically and print it directly onto envelopes. Shares fell $4.31 to close at $31.69 on Nasdaq. The stock had traded as high as $43.25, then drifted lower along with other Internet stocks as Nasdaq declined for the seventh time in eight sessions. Privately held E-Stamp Corp. of San Mateo, Calif., also won postal service approval.
* San Jose-based EBay Inc., whose Web site has been shut down repeatedly by computer glitches, said it named Gateway Inc. executive Maynard Webb to oversee its technical operations.
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