Tài liệu Nothing But Net 2009 Internet Investment Guide 34 pptx

... non-securities-related services. • Investment Banking (past 12 months): JPMSI or its affiliates received in the past 12 months compensation for investment banking services from Ninetowns Internet Technology Group ... Imran Khan Imran Khan is a Managing Director and the Head of Global Internet Research at J.P. Morgan. In addition to his Internet coverage, Mr. Khan is responsible...

Ngày tải lên: 15/12/2013, 10:15

... ement 0% Satisfactory 6% Source: J.P. Morgan Internet Team 2008 Consumer Survey 62 Global Equity Research 05 Januar y 2009 Imran Khan (1-212) 622-6693 imran.t.khan@jpmorgan.com 2009 Online Payment Outlook ... print, TV, radio, Internet, or in-venue. This product helps leverage existing ads with an interactive call to action and a method for success reporting. mSnap mSn...

Ngày tải lên: 24/12/2013, 17:15

... imran.t.khan@jpmorgan.com 2009 Cloud Computing Outlook Why “Cloud”? The name serves as a metaphor for the Internet, with processing and computing functions occurring in the Internet “cloud” rather ... and Yahoo! also offer mobile widgets. But Ad Monetization Is Difficult Although we expect the use of widgets to be a long-lasting fixture in the Internet space and see a healthy...

Ngày tải lên: 24/12/2013, 17:15

... positive to net revenue growth). We expect adjusted operating margin (ex-share-based expense) of 35.0% for 2009, down from 36.9% for 2008, and adjusted net margin of 33.0% for 2009, down from ... 47.5 Net Margin 36.1 32.8 31.3 32.1 Adj. Net Margin 38.3 35.4 33.0 33.3 Sequential Growth (%) Revenue 119.2 103.4 41.6 42.0 Gross Profit 95.2 105.7 34. 0 40.0 EBIT 119.2 122.7 37.1...

Ngày tải lên: 26/01/2014, 18:20

... 185.9 288.7 345 .7 378.5 Net Interest Income 15.0 19.9 25.4 34. 5 Net Other Income -6.8 -21.1 0.0 0.0 Pre Tax Profit 168.2 260.5 334. 0 371.3 Tax Expense/(Credit) -0.4 -62.3 -52.2 -57.8 Net Profit ... in common equity - net 0.2 (0.3) - 1.3 Payment of cash dividends - - - - Other financing charges, net - 2.3 (0.0) 0.0 Net cash from financing activities 0.2 1.1 (0.0) 1.3 Net...

Ngày tải lên: 26/01/2014, 18:20

... Inc., to this report. Global Equity Research 05 January 2009 Nothing But Net 2009 Internet Investment Guide Global Internet Imran Khan AC (1-212) 622-6693 imran.t.khan@jpmorgan.com ... the Net Neutrality alliances. We think the Net Neutrality debate will move more to the forefront of mainstream discussions in 2009. In our opinion, Net Neutrality i...

Ngày tải lên: 15/12/2013, 10:15

... subset of mobile Internet users, usage drastically trails that on PCs. Nielsen Online reports that the PC Internet user visits more than 100 domains per month, whereas mobile Internet users visit ... We think mobile Internet adoption will not accelerate until the introduction of better phones and technologies. 3G networks perform up to 6x faster than prior mobile Internet netwo...

Ngày tải lên: 15/12/2013, 10:15

... will be driven by an increase of 2.5% in Internet users and an increase of 3.9% in usage per Internet user. We are modeling RPMs to be roughly flat in 2009, driven by a 2% decline in sell-through, ... Global Equity Research 05 Januar y 2009 Imran Khan (1-212) 622-6693 imran.t.khan@jpmorgan.com Ad Networks on the Rise What Are Ad Networks? We see an ad network defined by the fo...

Ngày tải lên: 15/12/2013, 10:15

... media companies have also moved onto the Internet by offering TV episodes online and with Internet designed webisodes. However, monetization of Internet videos has trailed its growth. Various ... the publisher network will likely limit its scale, this premium network will offer a point of differentiation from competitive networks. Figure 18: DRIVEpm Ad Network DRIVEpm Network Top...

Ngày tải lên: 15/12/2013, 10:15

... Bookings 58% penetration 37% penetration 13% penetration 17% penetration 20% penetration 23% penetration 40% penetration Source: PhoCusWright reports and J.P. Morgan estimates But Eastern Europe ... Morgan Internet Team 2008 Consumer Survey 42 Global Equity Research 05 Januar y 2009 Imran Khan (1-212) 622-6693 imran.t.khan@jpmorgan.com Takeaways from the J.P. Morgan Inte...

Ngày tải lên: 24/12/2013, 17:15