--(www.USEquityNews.com)-- 07/21/2008 - Internet Information Provider industry alert provided by U.S. Equity News. Shares of Microsoft Corp. (NASDAQ: MSFT) sank more than 5 percent on Friday, a day after the company missed Wall Street's earnings forecast by a penny, and issued softer-than-expected guidance for the current first quarter. Microsoft cited weakness in the online business, which makes most of its money from Web advertising. With a Yahoo Inc. search deal uncertain at best, Microsoft also plans to invest hundreds of millions of dollars more than expected in the next year to whip its unprofitable online operations into shape. Analysts, however, wondered how long Wall Street can wait to see those bets pay off.
Global Sources (NASDAQ: GSOL) recently announced the launch of its new India Sourcing Fair trade show series for 2009. The India Sourcing Fair: Home Products show will feature quality suppliers of a wide range of products made in India, such as kitchenware, basketware, arts & crafts, and ceramics & porcelain. The first India Sourcing Fair: Home Products will be held April 20-23, 2009, in Hong Kong, to coincide with the spring buying season and Global Sources' China Sourcing Fair: Home Products organized at the same time. The second India Sourcing Fair: Home Products will take place June 14-16, 2009, in Dubai. The Dubai event will be co-located with Global Sources' China Sourcing Fair: Home Products.
We have recently written about a flurry of Russian online deals, and this is among the bigger ones that have happened in the last year or so: Google has bought contextual advertising company ZAO Begun from it parent, the internet portal Rambler, for about $140 million. Rambler currently owns 50.1 percent of Begun..under this deal, it would first buy the remaining 49.9 percent stake from Bannatyne Limited and then sell the entire firm to Google (NASDAQ: GOOG). Rambler's net gain from the disposal is expected to be about $50 million after all direct costs associated with the transaction, it said (PDF release here).
SmallCapVoice.com, Inc. announced that a new audio interview featuring, Elysium Internet Chairman and Chief Executive Officer Scott Gallagher of Elysium Internet, Inc. (OTCBB: USBF) is now available at SmallCapVoice.com. The interview can be heard at http://www.smallcapvoice.com/usbf/usbf-6-10-08.php. Elysium Internet CEO Scott Gallagher commented, "In only a few short months since going public we have acquired some of the best Internet real estate in our space. Our first two directories are showing up on page one of the organic listings at Yahoo, MSN.com and Google. The Internet ad space is growing at a record pace. We look forward to the coming launch of Pediatricians.com, Psychiatrists.com and Podiatrists.com to further expand our customer and revenue base and we welcome the opportunity to communicate our business strategy to web sites such as www.SmallCapVoice.com."
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