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

Microsoft revenues hit a record as Xbox sales soar

The US technology giant Microsoft said its annual revenues hit a record of $69.94bn (£43.4bn).Sales of the company's Xbox 360 videogame console and its Office software helped fuel the growth. more »

Fujitsu Next Generation Color e-Paper Module

Fujitsu demonstrated a next generation cholesteric LCD color digital paper module at the International Digital Publishing Expo. more »

Apple to Start Producing iPhone 5 in August – Morgan Stanley’s Report

Apple’s next iPhone will begin production in mid to late August and ramp aggressively. more »

Is the Rimino concept phone the future of mobile technology?

People who create concept designs for future technology always have the luxury that their ideas don’t have to be practical or possible now, just cool enough to get people excited about what might be created one day. more »

Investment Values Twitter at $8 Billion

While Twitter isn’t rushing to go public like some of its larger peers, the microblogging service has no problem luring deep-pocketed investors. more »

Skyping on Facebook

Free video chat is coming to Facebook. more »

Nokia‘s Windows of opportunity?

Nokia is still one of the biggest names in mobile phones but the company is in rapid decline and profits are sharply down. more »

GSM is 20 years old

Wireless connection standard "Global System for Mobile Communications“ (GSM) this year on July 1st has reached 20 years of age. more »

HTC Eternity and HTC Omega Coming Soon?

Not long ago we heard a rumor about HTC’s upcoming device supporting a 12 megapixel camera; now we have some info about two more novelties. more »

Amosu Couture Gold iPad – More Glamorous Version

While the Stuart Hughes iPad Supreme Editions command respect and an astronomical price, there are other ways to glamorize your brand-new tech toy. more »