Domain Registration Related News
Dot-coms a hot domain
May 2004
Dot-coms are back.
Yahoo, EBay and other Internet firms have been
some of the strongest-performing Bay Area
companies during the past year, recording
impressive gains in both revenue and market value.
"The sector is doing very well,'' said Safa
Rashtchy, an analyst for Piper Jaffray & Co.,
adding that Internet firms have benefited from
both the general economic recovery and the growing
use of Internet sites. "It is certainly one of the
hottest sectors."
Nationwide, consumer Internet services stocks
surged 80 percent during the 12 months that ended
March 31. Locally, the combined market value of
six Bay Area Internet companies in The Chronicle
200 nearly doubled during that span.
The fundamentals were equally strong. Local dot-coms'
revenue jumped by more than two-thirds. Profit
grew even faster as several money-losing companies
slashed their losses and already profitable firms
like EBay boosted their net earnings.
|