Yahoo Doubles Profits, Announces Stock Split

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04.15.04

Yahoo Doubles Profits, Announces Stock Split

By WebProNews

Yahoo released its 1st quarterly report for this fiscal year, and the news for the web's most popular portal was filled with superlatives. The newest report shows that Yahoo more than doubled last year's first quarter profits.

Besides the successful financial reports, Yahoo is also announcing that it plans on offering investors a 2 for 1 spilt of its stocks. The company is doing this to make its stock more affordable.

Speaking to SiliconValley.com, Yahoo CEO Terry Semel was understandably ecstatic. "I have a big smile on my face,'" he said. "This is by far the most successful quarter in Yahoo history."
Yahoo's profits for the 2004 1st quarter, which ended March 31st, reached $101.2 million, compared to $46.7 million from the previous year. Yahoo's revenue for the 2004 1st quarter was $757.8 million, which shatters the reported $283 million from the same quarter in 2003.

Yahoo's big profit boost came from its ad revenue. The intake from their ads jumped 235 percent to $635 million.

AskJeeves Adds Features To Compete With Search Engine Giants

AskJeeves has rolled out a number of new features designed to give you more targeted search results.

The feature that is getting the most publicity is their "People Search." People Search is designed to find relevant information on celebrities and historical figures. The following is an example of People Search: Michael Jordan.

AskJeeves has also added a Weather Search feature. This is designed to find local weather forecasts and how they may affect travel conditions. Example.

Another new feature is the Stock Quote option. It gives users the ability to look up any stock and get related financial information about the company they queried. The search is executed by simply entering the stock symbol of the company you wish to research. Example.

Advanced Search, another new feature from AskJeeves, lets you narrow and refine the parameters of a search by language, geography, dates and more. Advanced Search page.

Make your content pay. www.google.com/as25

The final two new features for the search engine are a conversion search and a site preferences option. The site preferences feature allows users to control the number of results they receive per page, whether or not the results page opens in a new window or not, and the ability to filter adult content. Users will have the option of saving their individual settings. Preferences page.

The conversion feature allows you to type in the weight of something in pounds and converts it to the equivalent metric weight. Time, temperature, area, length, cooking measurements, and data conversions (bits to kilobytes and so forth) are all available to users while they search with AskJeeves. Kilobytes to bytes conversion.

Froogle Use Grows

It appears that Google’s redesigned index page is paying dividends. Last week, Google promoted a link for Froogle, Google’s shopping search engine, to its home page. This promotion has resulted in more traffic for Froogle, according to a study by Hitwise.

In a measurement taken on March 29, 2004, Froogle is the number 8 ranked site in the “Shopping and Classifieds - Rewards and Directories” category. This is Froogle’s first appearance on Hitwise’s top 20 list.

Hitwise ranking determinations are gathered through the analysis of “a range of ISPs, counting the visits that any website receives from the ISPs subscribers. The figures from each ISP are then aggregated and analyzed to calculate a site's position in the rankings.”

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