Google’s report will define the Internet and Tech sector as a whole and if there is any weakness then a sell-off is iminent.
Sify continued its trend of disappointing its shareholders with another profitless quarter. Although, the losses went down to $230,000 the revenue number didn’t meet expectations. Even though, the revenues increased 27% to $26.7 million, the growth in sequential revenue was only 2.5%. Considering that 4th quarter numbers always are on a high side this was a very disappointing quarter.
The announcement by Netgear at the 2006 CES of the Skype phone is huge. This is the biggest news to come out of CES so far. Introduction of a VOIP based WiFi phone was bound to happen but this caught everyone by surprise.
Google buying a 5% stake in AOL was not all about keeping Microsoft away from AOL. Yes, Google might have lost 10-12% of its revenue if AOL did opt for using the search engine and advertising through MSN. It wasn’t all about search engine and advertising, Microsoft wanted to use its technologies to distribute AOL content and programming. This would have given Microsoft some momentum and possible revival in the internet world. This was the big reason why Google paid a billion dollars to make sure they get this deal.
Google beats eBay to click-to-call service. eBay still hasn’t introduced the service which will enable buyers and sellers to connect through phone using Skype. eBay’s service will mainly enable the buying and selling of high ticket items. Google will implement click-to-call in its adwords program so that web surfers can call advertisers.
eBay (EBAY), Yahoo (YHOO), Google (GOOG), Apple (AAPL) all down significantly today.
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