siliconinvestor.com
Friday, September 28, 2001
BLOOMBERG NEWS
SUNNYVALE, Calif. -- Yahoo! Inc., owner of the most-used Internet search site, will begin using the Web to broadcast business conferences and corporate announcements for a fee after the terrorist attacks Sept. 11.
Conference organizers can put audio and video from trade shows and meetings on the Internet, and a browser will let users view several sessions from the same event, said Jim Lewandowski, Yahoo! vice president of business and enterprise services.
Yahoo! is seeking business from companies that are reducing employee travel after the attacks on the World Trade Center and Pentagon. Yahoo! is developing services that require a fee to stem the declines in advertising sales, and analysts expect increased demand for videoconferencing services.
The company also will sell a service letting businesses broadcast audio or video messages to their employees within four hours. Yahoo! has offered the service without the time limit.
The Sunnyvale, Calif.-based company will charge $350,000 to broadcast five conferences, Lewandowski said. For messages to employees, Yahoo! will charge $250,000 for five Webcasts, he said.
Yahoo! shares yesterday rose $1, or 12 percent, to $9.11, and have declined 90 percent in the past year. |
