Obsessively independent, Yahoo is the Web's Switzerland; cutthroat battles are ahead, threatening a stoic resolve
Article Abstract:
The Internet service Yahoo has managed to remain independent largely due to the management style of its chief executive, Timothy A. Koogle. Around 80 million people visit Yahoo worldwide each month. This traffic will help Yahoo sell around $500 million in advertising this year, up from $208 million in 1998. And Yahoo has a market value of $37 billion, despite a 40 percent fall in its stock price since April. Mr. Koogle, an engineer who had no background in the media industry, realized soon after being hired in 1995 that Yahoo's best chances for success were in providing a free advertising-supported service. He was the first to devise a strategy for expanding a search engine from an easy way to locate things on the Internet to a wider type of service now known as a portal, combining services like e-mail with specialized information sites. Mr. Koogle also insisted that Yahoo stay independent, even during its cash-starved early days. However, some in the industry wonder if Yahoo will be able to withstand the increased competition from America Online and Microsoft Corp.'s MSN, which both offer Internet access and browser software along with other services. And a number of other search engines have rushed to link up with larger media partners.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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Is Yahoo flying high with a bull's-eye on its back?
Article Abstract:
Yahoo currently represents the hottest cyberspace investment, but its stock value could plummet in the volatile high technology industry. The top 'search engine' for Internet users soared by 511% on the 1997 stock market, peaking at $71 a share on Dec 31, 1997. Since then the Internet-only company has fallen to $63.375 a share, for a $2.8 billion market capitalization. Most investors who follow the stock are describing it as a bargain, but questions remain about the Internet start-up that barely breaks even. Any problems or a slowdown could weaken its stock, although Yahoo advocates predict surging sales and profits. Yahoo's monthly subscriptions will jump from the current 33 million to 140 million by 2000, according to BancAmerica Robertson Stephens. An absence of paperwork and other distribution costs also will help Yahoo earn $327 million in 2000 revenue, producing $144 million of profit. Investors, however, cannot apply traditional valuation methods to Internet-related companies that have gone public recently.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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$5.6 billion deal by Yahoo reported set; Broadcast.com to be acquired in stock swap
Article Abstract:
Still not officially confirmed, sources say Yahoo will acquire Broadcast.com in a $5.6 billion stock deal, adding about 1 million new users to Yahoo's user base. The major gain for Yahoo will be the gain of technology that allows it to send streaming audio and video across the Internet in addition to all its more static features and products. Broadcast.com's Mark Cuban and Todd Wagner are expected to stay with the company after the acquisition.
Comment:
Calif.-based internet company will probably buy broadcast.com
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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