CNET News.com: Start-up Lightshare to fuse file swapping with e-commerce

"A new Internet company is hoping to turn the massive file-swapping communities developed by technologies like Napster and Gnutella into an e-commerce engine."

"The company, called Lightshare, is preparing a service that will allow individual computer users to sell digital goods directly from their computers rather than going through centralized servers from companies like eBay or Amazon.com. It is staffed largely with former Netscape, America Online and Time Warner engineers and is funded by executives from Microsoft, Netscape Communications and Google."

"We're taking the service of eBay but making it point-to-point," said Clarence Kwan, chief executive of the young company. "None of the information actually resides in our computers. All we do is facilitate the process."

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