WebProNews

Marc Andreessen: Facebook To Make Over $500M This Year

Financially speaking, Marc Andreessen believes Facebook's on the right track.  Today, the man with ties to Netscape, AOL, and Ning - and who also happens to sit on Facebook's board - supplied some big figures with respect to the social networking company.

U.S. IT Spending Set For Rebound

Growth in U.S. IT spending is expected to rebound in the fourth quarter of 2009, and 2010 is on track to bring a revival of IT buying in other markets as well, according to an updated forecast by Forrester Research. Global spending on IT services by businesses and governments in 2009 are projected to decline by 10.6 percent, compared with a 3 percent decrease previously projected at the beginning of the year by Forrester.

Online TV Brings In Ad Revenue

The online TV services of the four major U.S. networks, ABC, CBS, NBC and Fox, along with Hulu, accounted for a combined 53 percent of the ad-supported online TV market that generated $448 million in revenues in 2008, according to a new report by Screen Digest. The remaining share of revenues was made up of the online video services of major sports leagues, video services from traditional online portals, and direct services from other major channel groups and content owners.

Google's Capital Spending Liable To Increase

It can be quite good for a person's budget to occasionally substitute some ramen for a steak dinner.  That said, a person's apt to experience problems if he eats ramen all the time, and Google seems to have run into a similar issue as an analyst believes the company will have to increase its capital spending. 

Google and Egypt Ink $10 Million Deal

Google and the Egyptian Ministry of Communications and Information Technology have signed a $10 million contract regarding business and workforce development in Egypt. Egyptian Minister of CIT, Dr. Tarek Kamel came to Washington D.C. this week with the goal of reinforcing bilateral relations between Egypt and the US, a representative for the Information Technology Industry Development Agency (ITIDA) tells WebProNews.

Online Spending In The U.K. Set To Double

Online spending in the U.K. is set to increase from $14.6 billion to as much as $34.9 billion in annual sales by the end of 2011, according to a new report by PayPal. This 137 percent growth in online spending means consumers in 2011 will spend the equivalent of about $705 for every U.K. adult - more than doubling the current annual online spending.

Ballmer Mentions Yahoo Partnership For Umpteenth Time

First off: yes, at this point, we're all ready to slap Steve Ballmer and Carol Bartz with a fish every time they talk about a partnership or acquisition.  Just the same, millions of dollars are at stake, so it seems important to acknowledge that Ballmer's once again said he's open to a deal. 

Baidu May Have Acquisitions On The Mind

Baidu is big; its share of the Chinese search market is close to 60 or even 70 percent, depending on which statistics firm you favor.  And Baidu may be set to grow still more, as the company's CFO, Jennifer Li, seems to be rather open-minded on the subject of making acquisitions.

Ballmer Prepared To Spend $2.25 Billion Per Year On Search

Steve Ballmer's a persistent guy; a look at Microsoft's different search efforts will show that he's definitely embraced the line "try, try, again."  And now, Ballmer may be ready to try harder than ever, as he's voiced a willingness to spend something like $2.25 billion per year on search. 

New Report Slashes YouTube Loss Estimate By $300M

A little less than three months ago, Credit Suisse predicted that YouTube's 2009 losses would be in the neighborhood of $470 million.  Which is, of course, quite bad.  But a new report from RampRate - together with info out of Microsoft - makes it look like Google's video-sharing site is doing somewhat better.