Yahoo's quarter net tops expectations
Article Abstract:
Yahoo! Inc.'s third quarter earnings were higher than expected. The company reported a net income of $16.7 million, or 15 cents a diluted share, compared with $681,000, or one cent a diluted share, for the year earlier period. Yahoo's revenue tripled to $53.6 million from $18 million. The expected revenue was around $45 million. The company increased its daily page views 25% to 144 million in September 1998, compared with 115 million in June. "Anyone with doubts about the power of Web advertising, Web commerce and Web growth now has evidence from the industry leader that this can be a profitable business," said Keith Benjamin, an analyst at BancBoston Robertson Stephens in San Francisco.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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This time, it's the barbarians at the Web: In hyperdrive, Excite's CEO stakes a claim
Article Abstract:
CEO of Excite, George Bell, knows one pace -- constantly fast. In the Internet business, he says, if you don't keep going at that pace, you get left behind, or even left out completely. That's how quickly things happen in the new and hot industry. His No. 2 Web search and directory service company was offered an unsolicited $1.7 billion on Thursday, May 21, 1998, and he turned it down. The bid came from fish protein and sausage casing company, Zapata Corp. of Houston. Bell is initiating deals of his own, including one with Netscape that required borrowing $50 million from Intuit.
Comment:
CEO George Bell turned down an unsolicited bid from Houston-based Zapata Corp. for $1.7 billion
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Microsoft bids for business of web users
Article Abstract:
Microsoft Corp. is planning to offer a wider service business that will benefit from the company's dominance in word processing and spreadsheet software. The move represents the software giant's new challenge to Yahoo! Inc. and other major Internet businesses. Microsoft has combined its various websites under the MSN.com brand name. The company has also added the same kind of search, e-mail, and chat features that have been so advantageous to other online services.
Comment:
To offer a wider service business that will benefit from the co's dominance in word processing and spreadsheet software
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Microsoft's net outpaces expectations. Microsoft says results to top expectations. Microsoft net, profit margins climb sharply
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- Abstracts: Microsoft bids for business of Web users. Start-up Vignette makes life easier for Web publishers
- Abstracts: Microsoft puts focus on usage of Netscape. Microsoft wins a battle in antitrust war
- Abstracts: Its trial on hold, Microsoft maps out its options. Microsoft official concedes company sought to restrict web-browser choices