Internet Business Swallows Millions

Published: 17 February 2001 y., Saturday
Companies offering e-business and Internet services are satisfied with their internal development, and the funds placed into Internet business are expected to start bringing a return within three to five years. "So far, the Delfi portal has cost one million dollars (15,6 million kroons)," Delfi marketing manager Allan Sombri said. The Internet portal Delfi.ee is a part of the Internet and computer company Microlink; the portal was originally named Online.ee. Microlink hopes to earn back the money put into portal development within three to five years. Sombri is satisfied with Delfi`s development at the moment, which he says has progressed without any significant setbacks. The Osta.ee on-line auction site belongs to investment bank Lõhmus, Haavel and Viisemann. Rain Lõhmus, an LHV owner, did not wish to disclose specify how much money has been placed into developing the portal to date. The estimated worth of the webpage website is between half a million and 2 million kroons. According to Lõhmus, it is currently difficult to say exactly when the owners expect exepct to get back the money invested into the Internet business. "The portal is not just a program project, there are also people behind it," Lõhmus said. Thus, just keeping osta.ee operating from day-to-day costs money. LHV is quite active in placing money into webpages. The investment bank`s fund New Economy Ventures recently purchased a 22-percent stake in the online employment service CV Online for six million kroons. The Internet and software development company Index Net has devoted its website the web page Index.ee to e-commerce. To date, Index Net has invested approximately 10 million kroons into research and development. developing and advancing the Index Net pages.
Šaltinis: index.ee
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

Siebel Strengthens IBM, Microsoft Alliances

More than a year after it first revealed its "separate but equal" integration partnerships with Microsoft and IBM, Siebel says progress has been made in both endeavors more »

New Lawsuit Hits VeriSign and ICANN

A group of eight Internet domain name registrars has filed suit against the Internet Corporation for Assigned Names and Numbers (ICANN) and VeriSign more »

search.lt news

search.lt presents newest links more »

Bill Gates Outlines Technology Vision to Help Stop Spam

Microsoft Outlines Policy and Technical Proposals Aimed at Helping Contain The Spam Problem, Including the Development of Caller ID for E-Mail more »

Towards to the leading IT positions

Infobalt Association Starts OUTSOURCE2LITHUANIA Project more »

Hi-tech criminals target UK firms

British businesses are under siege by criminals and vandals using technology for financial gain or to cause havoc more »

The new services

HP points new weapons against virus, worm attacks more »

search.lt news

search.lt presents newest links more »

W3C adopts DARPA language

The Defense Advanced Research Projects Agency this month announced that the World Wide Web Consortium (W3C) approved a computer language based on DARPA Agent Markup Language (DAML) as an international standard more »

IBM to launch MS Office for Linux

Microsoft denies it is collaborating with Big Blue on Office migration more »