Intuit Poised
On August 21, Intuit (Nasdaq: INTU) reported fiscal year 2008 and fourth quarter earnings that beat Street estimates. Q4 revenue grew 11% to $478 million, beating the Street estimate of $470 million. Read the full article »
Deal Radar 2008: ON24
ON24, the global leader in webcasting and virtual events solutions, is headquartered in San Francisco, California. It was co-founded by Sharat Sharan in 1998 as Newsource, a distribution center for Internet-based video press releases. In 1999, it changed its name to ON24 and its focus to that of a financial multimedia company. Following the dot com-bust in 2001, the company started concentrating solely on its webcasting platform. Read the full article »
Comcast Pursues Roll-Up Strategy
Comcast (CMCSA) has been managing to beat the economic downturn. Its quarterly performance and the rising stock price are indicative of the company’s execution strength. Read the full article »
Top 12 Consumer Internet Stocks
My thesis on Web 3.0 is based on the verticalization of the web around specific Contexts. Here is a top 12 list of Consumer Internet stocks, some of which, to varying degrees, understand how to create a business around a vertical context. Read the full article »
Deal Radar 2008: Dimdim
Dimdim is a web-based conferencing service. Unlike other online conference platforms, Dimdim does not require users to download any client - a big win over the competing offerings from WebEx, Adobe, and GoToMeeting. Read the full article »
Newspaper Stocks: NYTimes, Gannett, McClatchy
US newspaper stocks have been facing the brunt of worsening economic conditions and the attack from digital media. The main source of their revenues - vertical classifieds - have steadily been moving online. Their response should be to invest in and acquire online verticals, which has happened to some extent. Not enough, though. The latest quarterly results of three companies, The New York Times, Gannett, and McClatchy, thus, were representative of the bloodbath their stocks have been experiencing. Read the full article »
Deal Radar 2008: Telanetix
Telanetix is a communications service provider which offers telepresence and VoIP services to businesses. The company was founded by Thomas A. Szabo, Rob Arnold, and Bob Alford in 2001 and is headquartered in Bellevue, Washington. The trio had previously worked together on digital distribution provider Digital on Demand and multimedia solution provider RedDotNet (both of which were later sold). Read the full article »
Still Bullish On Salesforce.com
Despite crossing the $1 billion annual revenue milestone, Salesforce.com’s shares plunged amidst concerns about its “slow growth” and lower-than-expected deferred revenue and guidance. Read the full article »
