On Friday Google said its 5% stake in Time Warner's AOL unit may be worth less than the $1 billion they paid for it in 2006. "We believe our investment in AOL may be impaired," Google said in its latest quarterly financial filing with the U.S. Securities and Exchange Commission. Google said it would continue to review its investment for impairment, and financial write-downs could be … [Read more...]
Marchex Reports Earnings
Marchex reported its financial results for the quarter ending after closing of trading today: Revenue was $37.4 million for the second quarter of 2008, compared to $34.7 million for the same period of 2007 GAAP net income applicable to common stockholders was $509,000 for the second quarter of 2008 or $0.01 per diluted share. This compares to GAAP net income … [Read more...]
Large Yahoo Shareholder Wants a Probe of Vote
One of Yahoo largest and most critical shareholders, Capital Research Global Investors, said on Monday it had asked for a probe of last week's shareholder vote which showed strong support for Chief Executive Jerry Yang. Yang has been under pressure for months over failed negotiations to sell the company to Microsoft and questions about Yang's leadership, but last Friday's shareholder vote … [Read more...]
Dark Blue Sea Financials: A Reflection on the Domain Business: And its Not Good
Dark Blue Sea a public company, part of our Domain Stock Parking Index, released its financial performance for the quarter ending June 30, 2008 today. Dark Blue Sea owns Fabulous.com. Their reported financial results I believe is a reflection of the current status of the domain industry and therefore is important to read and understand even if you have no stock in Dark Blue Sea. I think … [Read more...]
Google To Start Venture Capital Arm
According to reports Google is working on plans to start a venture capital arm. According to the report the group will be led by David Drummond, Google's senior vice president of corporate development and chief legal officer How the group will be structured and what sort of investments it is likely to target remain unclear. The Mountain View, Calif., Web giant has long preferred to buy … [Read more...]
Baidu Profit up 87%
Baidu.com China's leading search engine, and a member of our domain stock parking index, second-quarter profit soared 87 percent over the year-earlier period on rapid growth in revenue from smaller advertisers. Net income for the quarter ending June 30 was 265 million yuan ($38.6 million), or 7.62 yuan ($1.11) per share, on revenue of 802.6 million yuan ($117 million), the company said. Revenue … [Read more...]
Microsoft Executive who Lead Charge to Buy Yahoo Quits
The Wall Street Journal is reporting that the head of Microsoft's online business, who led the company's bid to buy Yahoo, is leaving the Microsoft for Juniper Networks. Kevin Johnson, is president of Microsoft's Platforms and Services Division, which includes both the online services business and Windows software for personal computers. The Journal also reported that Johnson's departure … [Read more...]