Yahoo! results beat estimates as revenue surges

Article Abstract:

Yahoo! exceeded 2nd qtr 1998 expectations by reporting earnings of $8.1 million, or 15 cents a diluted share, before one-time charges. Revenue of $41.2 million almost tripled the Internet-directory company's 2nd qtr 1997 total of $14.1 million. By comparison, a First Call consensus of analysts had projected Yahoo to earn nine cents a share before charges, on revenue of approximately $35 million. Analysts praised Yahoo's performance while adding that its average ad rates have plateaued at nearly $25 per 1,000 viewers after rising $1 or $2 early in 1998. Yahoo also announced plans to split its stock 2 for 1, effective Aug 3, 1998. Another move will consist of raising $250 million in a private equity investment by selling almost 1.4 million shares to Southbank's US affiliate. The sale to Japan-based Southbank, the largest current shareholder, will assist in financing future acquisitions.

Finance, Online information services, Company sales/revenue, Company sales and earnings, Company earnings/profit, Yahoo! Inc., Internet/Web search services, Search engines, YHOO

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Virtual reality: Web firms go on warehouse building boom

Article Abstract:

On-line retailers have decided to take it upon themselves to handle their own operations completely. Internet merchants have started building warehouses and are determined to be responsible for themselves. The only way to truly have a credible rating in the consumers eyes is to handle all aspects of the business by yourself. That way, each Internet retailer can truly say that they are on top of the whole process.

Management, Company business management

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Amazon.com will go head to head with eBay, OnSale in online auctions

Article Abstract:

Amazon.com, having tackled the book, video, and music industry, is now planning to enter into the on-line auctioning business. This move will put Amazon.com in competition with other top on-line auction houses like eBay and OnSale.

Book Stores, Business services, not elsewhere classified, All Other Business Support Services, Business Services NEC, Planning, Booksellers, Bookstores, Amazon.com Inc., Services industry, Service industries, Competitions, eBay Inc., Business services, Company business planning, AMZN, EBAY, ONSALE Inc., ONSL

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