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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Tassi who wrote (93443)	7/11/2002 8:57:41 AM
From: Softechie	Read Replies (1) \| Respond to of 99280

Da Deers over IHUB are looking frozen at the on coming headlights...many have loaded up big time and still waiting for the Zeev's rally.

To: Tassi who wrote (93443)	7/11/2002 9:13:12 AM
From: Tassi	Respond to of 99280

Yahoo looking for SMS play..<< Telecomm could be back as HOT.. SMS play ( Ericsson, Lu, ANCC, NT MOT ) Thursday July 11, 8:00 am Eastern Time Reuters Company News Yahoo Europe sees profit, targets SMS LONDON, July 11 (Reuters) - Internet media company Yahoo Inc. expects to be profitable in Europe by 2003 and said it will beef up its mobile offering by email and messaging via SMS text messages, similar to Microsoft's (NasdaqNM:MSFT - News) MSN initiatives. ADVERTISEMENT Yahoo is "on track" to halve its 2002 losses from international operations, which includes Europe and Asia, compared with the $29 million loss of 2001. International EBITDA losses in Q2 were $3.6 million, down 65 percent from last year. European managing director Mark Opzoomer told Reuters in a telephone interview that it is "correct" to assume the company will be profitable in Europe by next year. "We're already profitable, by any measure, in Britain and expect some of the other large (European) countries to join in the near future. But not this year," he said. The company late on Wednesday reported an overall second quarter net profit of $21.4 million on 24 percent higher sales of $225.8 million, its first black numbers in six quarters. The profit recovery was driven by the U.S. operations, which generate 83 percent of sales and which led the earnings recovery with profitable subscription services such as personal contact ads and job search services. Although the international operations in Europe and Asia saw their share of total revenues decline from 18 percent, Opzoomer said the non-U.S. operations will gain importance, particularly as mobile media were becoming more interesting in those markets. Yahoo, one of the three global Internet media portals, will this year bring its popular email and messaging service to mobile phones via SMS in those two markets, Opzoomer said. This service is being pioneered by Microsoft since this spring. Early statistics have shown that the extra SMS traffic generates sales of several euros per month per mobile phone customer, shared between Microsoft and the mobile operator. Yahoo already offers messaging and email on its mobile phone WAP sites, but this service is not very popular. The company generates far less than five percent of sales with its mobile services, Opzoomer said. For next year it plans to play into the emerging market of mobile pictures, in which paying subscribers can store their picture albums on-line and view them on their mobile phones which are increasingly fitted with large colour screens. Yahoo continues to look for takeovers in Europe to strengthen its personal contact ads and career offerings, as in the U.S., but Opzoomer declined to say if he expected deals before the end of this year. "We are always in talks (with acquisition targets), and generally there's more realism now (about the acquisition price)," he said. But a return to profitability did not depend on takeovers, he said.