All Posts Tagged Tag: ‘Financial’
Financial services firm UBS apparently doesn’t feel that the new Microsoft-Yahoo deal poses too much of a threat to the other big search contender. Today, UBS initiated its coverage of Google with a "buy" rating and some rather aggressive targets.
According to a statement Carol Bartz issued this morning, the new Yahoo-Microsoft deal "comes with boatloads of value for Yahoo, our users, and the industry." But a significant number of Yahoo’s (former) investors apparently didn’t believe that line, and have sent the company’s stock into something of a tailspin.
Google may be great at search, advertising, and a lot of other things, but its investment strategies could apparently use some work. Time Warner has bought back Google’s five percent stake in AOL – for which the search giant paid $1 billion in 2003 – for a mere $283 million.
Online banking features that focus on personalization and communication are what consumers value the most, according to a new survey by Gartner.
"As consumer adoption of online banking increases, banks are searching for ways to differentiate their services while maximizing the cost-effectiveness of self-service channels," said Stessa Cohen, research director at Gartner.
Baidu, China’s equivalent of Google, released another earnings report last night, and the company’s continuing to impress onlookers at every turn. Baidu beat analysts’ estimates and made some very positive predictions regarding the next quarter.
Here are the key stats: the company’s revenue climbed 36.7 percent on a year-over-year basis, reaching $160.7 million compared to forecasts of $158 million. Also, it reported earnings of $1.61 per share, even though analysts only expected to see something like $1.44.
Although, for the sake of your eyesight, this article hasn’t been written in red ink, financial types might want to just go ahead and imagine it that way. The earnings report Microsoft released this afternoon contained all sorts of bad news.
Walt Disney Chief Executive Robert Iger says the company has plans to offer a variety of its content, including movies, TV shows and games online for a fee.
"The notion of going online at some point as a subscribe-to, robust entertainment experience is pretty attractive to us," Iger said. "We are developing such an experience."
Iger made the comments Wednesday at Fortune magazine’s Brainstorm: Tech conference.
eBay announced its second quarter results yesterday, and claims to have had a strong second quarter, slightly higher than expectations. Here are some of the numbers:
– Second quarter revenue was $2.10 Billion (a $97.7 million decrease year-over-year)
– Net income on a GAAP basis was $327.3 million ($0.25 per diluted share)
– Non-GAAP net income was $478.6 million ($0.37 per diluted share)
– eBay generated $730.7 million of operating cash flow during Q2 and free cash flow during the quarter was $602.3 million
Yahoo’s released its second quarter earnings report, and the news isn’t all that great. While the company pretty much managed to match and/or beat analysts’ official expectations, some discouraging numbers came out, as did some less than pleasant predictions about the future.
Let’s start with the positive points, at least. Analysts thought Yahoo might post $1.55 billion in gross revenue and earnings per share of $0.08. Instead, it managed to post $1.57 billion and $0.10, respectively. Net income actually rose by 8 percent year-over-year.
More than two million U.S. households used online banking and bill payment last year, according to a survey sponsored by Fiserv and conducted by Harris Interactive.
A total of 69.7 million households with Internet access now use online banking services to access balance, account history and to transfer money between accounts. In addition, 64.4 million households pay at least one bill online at a bank website or at a company website.
U.S. video game sales of hardware, software and accessories declined 31 percent in June to $1.17 billion, according to the NPD Group.
The year-over-year decline was the sharpest since a 41 percent drop in September 2000. "This is one of the first months where I think the impact of the economy is clearly reflected in the sales number, said Anita Frazier, NPD Analyst.
Tonight, it’s almost certain that bars around Facebook’s new headquarters in Stanford Research Park will be busy. Tomorrow, the offices of Facebook’s employees may be full of new toys and gadgets. It seems that Russian investment firm Digital Sky Technologies wants to buy $100 million of common stock from employees.
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.
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.
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.
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 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. 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.
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 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.
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.
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.
Today eBay announced the completion of a tender offer for all outstanding common shares and American Depositary Shares (ADSs) of Gmarket. Back in April, eBay announced that it was spending $1.2 billion to acquire those shares.
Gmarket is known as Korea’s leading eCommerce business, and it will apparently be combined with eBay’s existing online marketplace in Korea, Internet Auction Company.
U.S. video game sales fell by 23 percent in May from a year ago, dipping below the one billion dollar mark for the first time since August 2007, the NPD Group said in its new report.
Sales of videogame hardware, software and accessories dropped to $863.3 million in May from $1.2 billion in May of 2008.
Hardware sales declined 30 percent to $302.5 million and software sales were off 17 percent to $448.9 million. Sales of accessories were 25 percent less at $112 million.
Online advertising contributes $300 billion to the U.S. economy, according to a new study by the Interactive Advertising Bureau.
The ad supported Internet accounts for 2.1 percent of the total U.S. gross domestic product. It directly employs more than 1.2 million Americans with above-average wages in jobs that did not exist two decades ago, and another 1.9 million people work to support those with Internet-related jobs.
According to a new report, Craigslist is doing quite well for itself. The AIM Group estimates that the classifieds site will pull in at least $100 million in revenue this year.
In the first quarter of 2009, 42 percent of CIOs decreased their IT budgets with an average cut of 4.7 percent, according to a new survey by Gartner.
CIOs were expecting a minor budget increase of 0.16 percent in the first quarter, but due to the economy were forced to cut costs. More than 90 percent of firms changing their budgets made a reduction in the first quarter, with the average being 7.2 percent. Forty-four percent of respondents reported no change in their IT budgets, with just 4 percent reporting an increase in their IT budget.
PayPal requires reserves for a percentage of sellers. That percentage is less than 1% according to the company. PayPal likens the reserves to a security deposit to cover future chargebacks and reversals.
Since PayPal began this practice, they have had a lot of questions about it from sellers, and hoping to clear up some confusion, Bill Clark, an analyst with PayPal’s risk team offered the following explanation on the PayPal Blog:
Recent financial headlines may have made it sound like the "all clear" would soon be sounded, but at least one Benchmark Capital analyst thinks we should still keep our figurative heads down. Clayton Moran came to this conclusion while researching a report about online advertising and Google.
About two-dozen newspaper executives met in Chicago Thursday to discuss the future of the struggling industry and come up with ways to charge for their online content.
The gathering was part of the Newspaper Association of America’s annual event and included top executives from the New York Times, Gannett, E.W. Scripps, McClatchy, Hearst Newspapers and MediaNews Group among others.
Bankruptcies are the highest they’ve been since 2001, a million people have lost their jobs, and small businesses got the stimulus package shaft. And that’s the good news.
It’s all good news, says Mark Deo, executive director of The Small Business Advisory Network and author of The Rules of Attraction: Fourteen Practical Rules to Help Get the Right Clients, Talent and Resources to Come to You!
Intel said today that the record $1.45 billion fine imposed on it by the European Commission for violating antitrust rules, will not force it to reduce investment or cut its dividend.
"There’s still plenty of cash flow from operations to invest in our business, pay the fine and pay the dividend," Chief Financial Officer Stacy Smith said at an analyst event in London on Wednesday.
"As we’ve said in the Q1 earnings call, we are not having any conversations about cutting the dividend."
Facebook’s employees may soon get a special payday that goes well beyond the normal end-of-the-week routine. A new report indicates the company is raising $150 million in order to buy out workers’ shares and effectively give them a pre-IPO reward.
Sometimes one has to state the obvious: You’re in business to make money. You make money by convincing lots of people to give you some of their money. Success depends on making this process as painless as possible*.
But many online businesses may be making it too difficult for customers to hand over the cash, which is a bad business practice by any account.
Here’s what people (especially men) are used to:
When it comes to balancing warm, fuzzy feelings against financial needs, Google’s apparently got the formula pat. Even though Yahoo, Microsoft, and lots of other tech companies have laid off more employees in the past year or so, a new report found that the search giant achieved a significantly better profit-per-employee figure.
The global PC software piracy rate increased in 2008, accounting for 41 percent of all PC software installed, with losses to companies reaching $53 billion, according to a new study by the Business Software Alliance (BSA).
This compares to a legitimate PC software market of $88 billion in 2008, and a personal computer market of $244 billion.
The United States has the lowest PC software piracy rate in the world at 20 percent, but it has the highest dollar losses from piracy, $9.1 billion, because it is the world’s largest software market.
It’s been close to three years since Google bought YouTube, and so far, the site has cost the search giant a lot more money than it’s made. But Google’s CEO still believes the situation will right itself, and new info from an analyst goes a little way towards bearing out his line of thought.
Video ZEO firm EveryZing has closed an $8.25 Million round of funding from its existing investors, which include Fairhaven Capital, General Catalyst Partners, Accel Partners and BBN Technologies. EveryZing has also added GE and NBC Universal’s Peacock Equity Fund as an investor.
EveryZing will also be deploying its universal search and publishing solutions across a number of NBCU’s Internet properties. The goal is to improve the video search experience for some major media sites.
If any people with ties to eCommerce operations felt a sense of deja vu during the first quarter of this year, it’s completely excusable. As it turns out, the year-over-year change in U.S. sales worked out to zero percent, making the situation pretty similar to the first quarter of 2008.
It’s always interesting to see what domains are sold for big money. The other day, the domain Ad.com was sold for $1.4 million at a live auction.
This was by far the most money spent on a domain at the event, which saw 91 domains sold for a total of $2,133,350. The average selling price per domain was $23,443. Here is a list of the top sellers and how much they sold for:
Ad.com – $1,400,000
BottledWater.com – $45,000
Athletic.com – $40,000
Vixen.com – $32,500
Shutter.com – $25,000
People with a grudge against Microsoft are liable to be in a decent mood this evening. The company gave a quarterly financial report today, and in one important respect, it missed analysts’ estimates by a significant amount.
It looks like eBay’s managing the recession and its other problems better than most people expected it to. The auction company issued its financial report on the first quarter of 2009 this afternoon, and although the numbers aren’t good compared to last year’s set, eBay did a solid job of beating analysts’ estimates.
Yahoo had a good day on the stock market, gaining a full 5.27 percent during normal trading hours. And – in what some may find to be a surprising development – it doesn’t seem set to drop much in after-hours trading as investors dissect the company’s first-quarter earnings report.
Market research firm eMarketer has some interesting numbers looking at possible YouTube revenue. The firm pulls from a variety of sources to get a feel for just how the popular Google-owned video site is doing.
For starters, they refer to YouTube as the fifth most popular US web brand according to Nielsen, though March saw the site drop slightly to number 6.
It’s well known that big corporations employ brilliant accountants in an effort to save money at every turn. Google seems to have been caught doing some less than up-front things, however, as the search giant’s been accused of routing revenue through Ireland in order to avoid a big UK tax bill.
Analysts and investors were ready for just about anything this afternoon, with predictions of what Google’s first quarter would look like ranging from complete failure to yet another blow-’em-out-of-the-water success. The real numbers landed somewhere in between, but – to most people’s relief – rather more on positive side.
Newspapers that make the move to online-only risk losing 75 percent of their revenue and a decline in Web traffic, according to researchers from City University in London.
Their study focused on the Finnish financial newspaper Taloussanomat, which stopped its print version and went online- only in December 2007. The move was made after the paper had suffered significant losses.
By going online-only the papers costs were reduced by 50 percent but its online traffic decreased by 22 percent and revenues fell by more than 75 percent.
Not a lot of money is changing hands these days; there’s all sorts of evidence of funding slowdowns and stoppages, making for a "get while the getting’s good" situation. A new report claims that Facebook was offered funding at a $4 billion valuation, though, and then – this is the really interesting part – Facebook supposedly rejected the offer.
Three veteran media executives have partnered to launch a company with the goal of helping struggling U.S. news papers and other traditional media make money online by charging readers for content.
Journalism Online says it " will quickly facilitate the ability of newspaper, a magazine and online publishers to realize revenue from the digital distribution of the original journalism they produce."
Cybercrime continued to grow at a rapid pace throughout 2008,primarily targeting personal financial information of computer users, according to a new report from Symantec.
Symantec said it created more than 1.6 million new malicious code signatures in 2008, which accounts for more than 60 percent of the total malicious code signatures ever created by the security firm.
Institutional investors seem to be playing it very, very safe. A new report from the National Venture Capital Association (NVCA) and Thomson Reuters indicates that venture capital funds weren’t able to raise much money in the first quarter of 2009, and new funds had almost no luck.
Online retail made positive gains in March compared to February, according to online marketing firm Coremetrics.
Online shoppers purchased nearly 12 percent more items in March compared to the previous month, while the average dollar value increased by more than 4 percent, indicating that consumers were not only buying more items online, but they were also spending more money on average than they had the month before.
News Corp. chief executive Rupert Murdoch said on Thursday that newspapers must find a way to charge for online content to make up for declining ad revenue.
"People are used to reading everything on the net for free, and that’s going to have to change," Murdoch told attendees at the annual Cable Show event in Washington, D.C.
Murdoch cited The New York Times as an example, saying it has a "very, very good Web site." He said he did not believe the paper would make any money online unless it changes its current business model.
What you need to know as a marketer and businessperson is that people generally aren’t rational creatures, and because of that it’s relatively simple to get them to give you their money. What you need to know as a rational, responsible human is that people are always scheming to get your money and you should make it harder for them to do it.
It’s a bit of a vicious cycle: Greedy, bad actors taking advantage of the good times until good times end in bad times and a different set of greedy, bad actors start taking advantage of the bad times—and there goes a little more faith in humanity.
When the press and the security industry weren’t obsessed with the non-event of the Conficker.C worm, warnings went out about laid-off employee sabotage and theft, spam targeting the financially concerned and technological clueless. Today’s stern warning is about industrial espionage.
It’s been about two and a half years since Google bought YouTube for $1.65 billion, and according to a new report from Credit Suisse, Google’s not going to stop paying for that decision anytime soon. YouTube might lose in the neighborhood of $470 million in 2009.
The Internet was the only marketing medium to experience growth in the UK in 2008, with online market share increasing to 19.2 percent as advertisers looked for more accountability and return on investment, according to the Internet Advertising Bureau (IAB).
The IAB found that spending online increased by $793 million year- over- year. This was reached against a challenging backdrop which has seen UK advertising spend fall by 3.5 percent in 2008 to $25.7 billion.
According to Gideon Yu’s Facebook profile, the man is a fan of "Facebook," "Facebook Platform," and "The Facebook Effect, by David Kirkpatrick." These repetitive entries are likely to be deleted in the near future, however, because Yu is leaving his position as chief financial officer of the company.
It’s quite possible that, over the next few days, more short, business-oriented PowerPoint presentations will be put together than the world has ever seen. Google’s announced a new venture capital fund, and the aptly-named Google Ventures is looking for companies to support.
If you happen to know any Google Finance users, have pity on them – they’re probably feeling a bit disconcerted (and not just because the Dow’s down 254.16 points). Google Finance is testing some new site designs, and feedback so far has been less than positive.
Beware the Ides of March, Shakespeare famously warned in Julius Caesar. The Ides of March bring a different madness in the modern world, usually associated with college basketball, and extends to your IT department. All that mad video streaming can have a huge impact not just on productivity, but also on the company’s bandwidth bill.
The Dow is having an awesome day – it’s up 4.20 percent at the moment – and eBay’s doing even better, up 6.23 percent. Just the same, most stocks are nowhere close to their 52-week highs, and to address this problem as it relates to employees’ morale, eBay has announced that it would like to pursue a stock option exchange program.
Angelsoft, a company that connects startups with investors, has launched an Investor Search Engine.
The Investor Search Engine contains profiles on over 1,000 venture capital firms and angel investment groups. It has a variety of filters similar to Web 2.0 travel search engine Kayak.com