"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
"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."