Microsoft and ecorp are moving to quash rumours the software giant is planning to pull out of the locally-developed portal ninemsn, their 50/50 joint venture.
Industry rumours were triggered by a private client report issued by financial services group HSBC Securities to Australian media conglomerate Publishing and Broadcasting Limited PBL which suggested a recent 20 per cent drop in ecorp's share price could be "related to the possibility of Microsoft splitting from ninemsn." ecorp is the Internet arm of PBL.
1 Enron 371971 2 ENERGY 244838 3 Power 243465 4 Company 151112 5 ::
1525 2649 Kingdom 1524 2650 OPEC 1523 2651 withdrawal 1521 2652 agents reshuffle 27 29518 Aken 27 29519 QUASH 27 29520 DSIs 27 29521 Guadelupe 27
http://www.cs.queensu.ca/~skill/unique_n3.txtHOME |
Research articles : 2002-08::
A-B moves toward greater China presence - Anheuser-Busch to raise level of . a new e-mail client and advanced integration with Microsoft Outlook
http://sitemap.bnet.com/Research_articles/2002-08/2002-08.htmlHOME |
The report attributed Microsoft's possible move as part of the company's shift away from content in favour of broadband e-commerce.
Executives at ninemsn have dismissed rumours by saying that Microsoft would not dispense with as valuable an alliance as ninemsn.
Economics SingTel To Exploit Net, PacNet Under Pressure ::
Next-Article:After Getting the Flu, Healtheon Looks Much Better Pre-Article: ecorp Moves to Quash Rumours of Microsoft Withdrawl
http://dellputers.com/oumj/oumjenarticleJ/singtel-to-exploit-net--pacnet-under-pressure-28958.htmlHOME |
The portal combines content from Microsoft with PBL's Channel Nine television network and its magazines, and regularly attracts large volumes of traffic, particularly following prompts on television programs.
According to the original terms of the venture, Microsoft and ecorp will each invest AUS$50 million (US$32 million) into ninemsn over the next three years. As a result of sponsorships, advertising and content deals, the site is expected to turn a profit by the end of its third financial year in 2001/02.
ecorp executive chairman Daniel Petre has sought to diffuse the speculation by maintaining that Microsoft has done better through this joint venture than it would have done if it had developed an Australian portal on its own.
Microsoft has similarly said that it has no interest in leaving ninemsn, and has added weight to this claim by relocating Adam Taylor from the US-based Microsoft Corp. to head Microsoft Australia's Consumer Content Group. This department will continue to oversee the ecorp joint venture, including WebTV technology and consumer Internet products.
 Essential.com Receives $17M in Venture Capital Funding
 SingTel To Exploit Net, PacNet Under Pressure
| 
HOME