Yahoo Rocketmail purchase

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Yahoo Rocketmail purchase - Yahoo! expanding beyond Internet directory...
Yahoo! expanding beyond Internet directory service The Associated Press SANTA CLARA, Calif. Ya-hoo! Inc., continuing to expand beyond its popular Internet directory, on Wednesday announced deals to put some of its other services directly on millions of personal computers. Compaq Computer Corp. and Gateway 2000 Inc. are giving users access to Yahoo! news and weather as well as its directory through a customized version of Microsoft Corp.'s new Internet Explorer Web browser. Yahoo! said Tuesday that it will acquire privately held Fourl 1 Corp., an online communications and directory company, and will use its RocketMail technology for a free, Web-based electronic mail service starting Wednesday. Founded by two Stanford Univer-sity graduate students in April 1994, Yahoo! is best known for its Internet directory, which is the most popular means for finding information online. But the company has been working to become a broader consumer brand of information. "Fundamentally, we based the company on the directory platform, but we've been layering in (other features) over the past two years," said Jeff Mallett, Yahoo!'s senior vice president of business operations. The company, based in Santa Clara, also offers specialized news, financial and sports programming, a Web guide for youngsters, online and paper magazines, and versions of its directory for different cities, countries and areas of interest. Some of those features will appear on PC desktops in the deals with Compaq, the world's largest maker of personal computers, and Gateway, a major mail-order PC company. They include My Yahoo!, a Web site providing personalized news, weather and sports. Also included are Yahooi's News ... Ticker, which sends customized , news, sports and stock quotes auto- , matically to computer desktops, , Yahoo! Weather, and the company's ,. search function. : The services, along with the new Internet Explorer 4.0, will be in-. eluded on Compaq's new Presario consumer PCs. The updated brows-1-, er including the Yahoo! features al-ready may be downloaded from J- J Compaq's Web site. t J Gateway said its PCs with the Yahoo! services will be available in J ,J the current quarter. ' j "We chose Yahoo! for our cus- J; tomers because it's widely recog-nized and respected by Internet us-1 j ers," said Jim Collas, senior vice president of global products for J- j Gateway 2000. "Yahoo! is easy to jlj use, especially for new users of the t 'Net." I;', Yahoo! already offers users online ( chat and bulletin board features but , has been looking for a way to pro- J vide users with e-mail. It decided to K J acquire Fourl 1 and its RocketMail j e-mail service, which has sound t technology and 750,000 registered t J users, Mallett said. J j The company already has been t offering Fourll's phone and e-mail j directories. jl J J Yahoo! will issue 1.65 million , , shares of common stock for all of J' Fourll's outstanding shares. Ya- j hoo! expects to take a one-time t-j' charge of $4 million in the fourth quarter in connection with the ac- J quisition. J j The company on Wednesday re-ported a third-quarter profit of nearly $1.64 million, or 3 cents a share, compared with a loss of $1.15 J million, or 3 cents a share a year ago. ', Revenue rose threefold to $17.32 ; J million from $5.52 million. 1 J

Clipped from
  1. Clarion-Ledger,
  2. 09 Oct 1997, Thu,
  3. Page 25

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  • Yahoo Rocketmail purchase

    smithern – 27 Jul 2017

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