Remember Meeker ? The Cost of International..
Seems some are surprised by the rising cost of China. In Australia, we are very close and have a very different and MUCH cheaper position with a similar bang for the whole of Asia-Pac. Its why most Financial Institutions run ops out of here for the broader region :
"Given Yahoo's $1 billion purchase of a stake in Alibaba, and Baidu's IPO, we believe that the minimum cash required to compete globally on the Internet is rising. Assuming that the total proceeds of the offering ... We believe this cash balance could allow the company increased flexibility to consider large [$1 billion plus] strategic acquisitions." Meeker also sees the cash allowing "the company to compete aggressively against Microsoft in search: including desktop search, which Microsoft will likely include as part of Vista, as well as Microsoft's adCenter search product for advertisers (currently in beta in France and Singapore), which we expect Microsoft to roll out globally."
"Given Yahoo's $1 billion purchase of a stake in Alibaba, and Baidu's IPO, we believe that the minimum cash required to compete globally on the Internet is rising. Assuming that the total proceeds of the offering ... We believe this cash balance could allow the company increased flexibility to consider large [$1 billion plus] strategic acquisitions." Meeker also sees the cash allowing "the company to compete aggressively against Microsoft in search: including desktop search, which Microsoft will likely include as part of Vista, as well as Microsoft's adCenter search product for advertisers (currently in beta in France and Singapore), which we expect Microsoft to roll out globally."
posted by redbarren at 6:56 PM
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