Bad news for Yahoo!...
Yahoo! falls to No. 44 from No. 4!
(Excerpt from) Inter@ctive Week's New Fast 50 Rankings, October 1999 By: Kimberly Weisul
It seems like merger mania has struck Interactive Week's Fast 50 Rankings-causing Excite@Home and Yahoo! to shuffle in the pack. Excite@Home jumped from No. 33 to No. 1. The new marriage of Excite, the Web portal, and @Home, the "alternate" high-speed Internet access service, put the combined company first in the rankings, since the financials for the combined company easily trumped those of either company alone.
Yahoo! On the other hand, is just beginning to digest two major acquisitions- the $5.5 billion purchase of Broadcast.com and the $2.9 billion purchase of GeoCities- sending operating income diving into the red. Yahoo! Lost $25.2 million on an operating basis in the second quarter, after having made $20.7 million the quarter before. Only 20 companies in the Inter@ctive Week Fast 50 rankings did worse. Leaving out the effects of the GeoCities acquisition, Yahoo! Would have had operating income of 37.0 million, showing a quarterly growth rate of 78.7 percent. Because of the operating loss, Yahoo!?s overall ranking sank to No. 44, from No. 4.
Yahoo! Expects that its more recent acquisition, Broadcast.com, will ding earnings until the third quarter of 2000.
Another dim spot: ...(and it goes on about lower page views if it weren't for GeoCities, but the entire article won't fit here... you can read it in the current issue of Inter@ctive Week). |
