The Upswing Continues

Yahoo Impressive
revenue growth

California
based Yahoo is a global consumer and business services company offering a
network of services for web users and businesses. Reaching over 237 mn users in
25 countries in 13 languages, it is the most trafficked Internet destination.
Revenues during the fourth and final quarter ended December 2004, stood at $1077
mn, up 62% y-o-y and 19% q-o-q. Yahoo's net income for the quarter was up 47%
sequentially and 396% y-o-y to $372.5 mn. 

Revenues from fees, which include
Yahoo's premium services such as SBC Yahoo, Dial Products, grew 51% y-o-y to
$129.1 mn. Listing services revenues advanced 14% y-o-y to $38.1 mn, largely
aided by the revenue contribution from its acquired site Hot Jobs. 

Marketing
service revenues leaped 67% amounting to $910.6 mn as compared to $545.5 mn in
the same quarter last year. Revenues from the US contributed 72% of the total
quarterly revenues against 82% contributed in the same quarter last year.
Recently, Yahoo signed a multi-year alliance with communications service
provider, Verizon Communications. The company's share is trading at $33.4
currently.

Dell Well
done

IT and Internet infrastructure products and services provider, Dell, has
reported quarterly results for the third quarter ended October 2004. 

Revenues
amounted to $12.5 bn as compared to $11.7 bn and $10.6 bn, up 7% q-o-q and 18%
y-o-y, respectively, in the previous two quarters. America contributed 68% of
the revenues, a major chunk of $8.5 bn, followed by Europe contributing 21% of
the total revenues amounting to $2.6 bn and the Asia Pacific region (including
Japan) contributing the balance 11% amounting to $1.4 bn. The net income for the
same period stood at $846 mn as against $799 mn sequentially, a 6% increase and
a 25% rise as compared to $677 mn for the same quarter last year. The company
entered into a three year contract with Honeywell to manage its 16,000 desktop
and notebook computers in 15 European countries. Recently, Dell bagged a seven
year contract from Bombardier Recreational Products to supply the snowmobile and
watercraft maker technology products and services throughout its global IT
network. The share of the company is currently being traded at $41.6.

Red Hat
Red hot?

Headquartered in North Carolina, Red Hat is a provider of software and
services relating to the Linux operating systems. For the third quarter ended
September 2004, revenues amounted to $50.9 mn, an increase of 10% q-o-q and 55%
y-o-y. The company reported net income of $10.8 mn compared to $4.3 mn, up 154%
y-o-y. Annual subscriptions for the Red Hat enterprise Linux family of
technologies amounted to three-fourths of the total revenue earned during the
third quarter of fiscal 2005, as against the balance one-fourth from rendering
of services. Revenues from subscriptions of enterprise technologies amounted to
$0.5 mn as compared to $4.1 mn in the same quarter last year, down 87%. In
contrast, the retail subscription revenues were up 28% amounting to $0.6 mn on
y-o-y basis. The strong performance by Red Hat is an indicator of the growing
popularity of the Linux operating system. As a reflection of the growing
investor confidence on the company; its shares have been scaling new heights in
the market up from $5.1 in January 2003 to $12.4 in February 2005.

Google Going
great guns

California based search engine, Google's Web search and advertising has
made the Website a top Internet destination and the most recognized in the
world. The company, that got listed in August 2004, reported healthy results for
the fourth quarter ended December 2004. Revenues amounted to $1031.5 mn as
compared to $700.2 mn in the same quarter last year, 47% increase. On a
sequential basis the revenues grew 28% as compared to $805.9 mn. The net income
grew a massive 158% amounting to $204.1 mn as compared to $79.1 mn, y-o-y. The
advertising revenues for the same period, which includes the Web and the network
Websites, witnessed a healthy growth of $530.4 mn and $490 mn, up 29% and 27%
sequentially, contributing 51% and 47% respectively. The licensing and other
revenues accounted for the balance 2% amounting to $11.1 mn. Revenues from the
US accounted for 70% as against the balance 30% from outside US. During the
quarter, Google acquired Keyhole Corporation, digital mapping company. The share
of Google is traded at $188 per share.

PalmSource Out
of the red

PalmSource, provider of Palm OS, an operating system powering next
generation mobile devices and smartphones reported a 6% sequential increase in
revenues to $19.2 mn and y-o-y the company's revenues grew 15% for the second
quarter ended November 2004. Net income during the same quarter stood at $2.1 mn
as compared to a loss of $0.2 mn incurred sequentially. Revenues from the sale
of third party licenses continued to contribute the major chunk of revenues
amounting to $18.9 mn as compared to $6.2 mn in the same quarter last year,
contributing 98%, followed by related party license revenues and support
services, which contributing 2% (during the quarter ended November 2004).
PalmSource completed the acquisition of China MobileSoft, a Chinese mobile phone
software company along with its wholly owned subsidiary, MobileSoft Technology.
The former claims that the acquisition would enable them to provide one of the
broadest lines of mobile software in the industry. PalmSource's share is
currently traded at $9.8.

3Com Continues
poor performance

3Com, a provider of high-value voice and data networking products, services
and solutions for enterprises and public sector organizations, announced second
quarter results for the period ended November 2004. Revenues continued to
decline 7% on a sequential basis amounting to $151.1 mn as compared to $162.3 mn.
As compared to the same quarter last year, revenues dipped 17%. Revenues from
Europe, were up 8% q-o-q, whereas from the US were down by 21% sequentially;
same with the Asia Pacific region, experiencing a decline of 5%. Compared to the
second quarter of fiscal 2004, worldwide revenue from enterprise networking
products decreased 11% while revenue from connectivity products decreased 52%.
The net loss incurred stood at $48.8 mn as compared to a loss of $35.5 mn q-o-q
and $139 mn y-o-y. The company expects sales to be flat or slightly lower in the
region of $150 mn to $160 mn for the third quarter, whereas sales across the
balance of the product portfolio are expected to increase, modestly in the
second quarter. The share of 3Com is traded at $3.6.