Google’s earnings are growing so rapidly that not even the stock-market bulls can keep up. Blown away by the online search engine leader’s first-quarter profit, securities analysts raised their already high expectations for Google and investors scrambled on Friday to buy a piece of the company.
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/ 9 February 2005
Underdog online search engine Ask Jeeves has bought Bloglines, a web log index and internet news funnel popular with serious readers of online journals, in its latest bid to gain ground on heavyweight rivals Google and Yahoo. Ask Jeeves’ stock opened up 22 cents at ,65 a share on the Nasdaq stock market on Tuesday.
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/ 15 September 2004
Yahoo is buying online jukebox provider Musicmatch for -million in a deal designed to broaden the internet giant’s appeal with the growing audience of consumers who buy songs off the web. The all-cash acquisition, announced on Tuesday, gives Sunnyvale-based Yahoo a major drawing card as it competes against the likes of Apple Computer, RealNetworks and Napster in the rapidly growing field of digital music management.
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/ 2 September 2004
Google employees and other insiders will be free to sell an additional 4,67-million shares of the company’s stock on Thursday, providing another test of the online search engine’s popularity with investors. The Google shares eligible to begin trading on Thursday represent the first in several waves of insider stock that could pour into the market during the next few months.
Legal questions about an interview that Google’s founders gave to Playboy magazine are the latest in a string of developments that have clouded the search engine’s initial stock offering. The interview threatens to delay the offering because securities regulations restrict what executives can say while preparing to sell stock for the first time.
Industry analysts expect Google to provide a self-appraisal when the Mountain View-based company updates the prospectus for its initial public offering with its second quarter results. Google’s second quarter ended on June 30, meaning the update could come as early as this week.
Internet giant Yahoo is fortifying its free e-mail service with 25 times more storage and freeing up millions of previously claimed e-mail addresses in an effort to thwart a looming threat from its increasingly disruptive rival Google. Beginning on Tuesday, all of Yahoo’s free e-mail accounts will be upgraded to 100 megabytes.
Google’s initial public offering has a lot of people salivating for a piece of the action — an appetite that the internet search engine leader hopes to satisfy by inviting the masses to the bidding table. But the approach could backfire if Google can’t meet the intense demand or the bidding pushes the IPO price so high that the shares are perched to topple once they begin trading.
Internet giant Yahoo is adopting a new system for indexing web pages that will charge businesses to include material currently unlisted in its online search engine, marking the first volley in a duel with its former ally Google.