Tài liệu Nothing But Net 2009 Internet Investment Guide 6 ppt
Tài liệu Nothing But Net 2009 Internet Investment Guide 6 ppt
... 62 2 -66 93 imran.t.khan@jpmorgan.com Table 32: Mobile Internet User Projections Millions 2005 20 06 2007 2008E 2009E 2010E Subscribers 207.9 233.0 255.4 263 .1 268 .3 271.0 US Penetration 69 .0% ... Mobile Internet Users 22.4 29.7 40.4 55.8 76. 9 104 .6 % of Mobile Subscribers 10.8% 12.7% 15.8% 21.2% 28.7% 38 .6% Y/Y Growth Subscribers 12.1% 9 .6% 3% 2% 1% Active Mobile...
Ngày tải lên: 24/12/2013, 17:15
Tài liệu Nothing But Net 2009 Internet Investment Guide 34 pptx
... 23-Feb- 06 OW 22.97 26. 00 10-May- 06 N 28.45 31.00 03-Aug- 06 N 20.91 29.00 04-Aug- 06 N 23 .64 27.00 03-Nov- 06 N 26. 68 28.00 08-Feb-07 N 33.05 33.00 15-May-07 N 36. 17 34.00 07-Aug-07 N 41 .66 40.00 ... 05-Jan- 06 OW 16. 06 23.00 23-Feb- 06 OW 20.90 26. 00 06- Apr- 06 OW 28.75 35.00 16- Nov- 06 OW 23.44 32.00 15-Feb-07 OW 39.18 46. 00 22-May-07 OW 43.54 52.00 02...
Ngày tải lên: 15/12/2013, 10:15
Tài liệu Nothing But Net 2009 Internet Investment Guide 7 pptx
... 43,054 55,5 56 69,705 90,585 112,573 127,949 139 ,61 7 15.5% ROW 9,440 13,2 16 18,502 25,903 34,970 41, 963 55,811 73,113 27.9% Total 182 ,62 2 235,811 299,397 370,749 438 ,65 5 463 ,5 46 542 ,66 0 61 8,435 ... Forecast 2004 2005 20 06 2007 2008E 2009E 2010E 2011E ’08E – ’11E CAGR US 88,780 1 06, 851 128,708 151,443 160 , 563 168 ,270 187,958 207,505 8.9% Europe 52,430 72 ,69 0 96, 6...
Ngày tải lên: 24/12/2013, 17:15
Tài liệu Nothing But Net 2009 Internet Investment Guide 9 pptx
... Interactive Media 8 46 825 67 4 5 16 465 567 -34.0% 5 Viacom Digital 777 719 860 4 56 472 4 76 -40.4% 6 ZSHARE .NET 112 1 06 145 208 483 437 210.7% 7 Yahoo! Sites 1,013 1,112 935 501 415 418 - 56. 4% 8 Microsoft ... Sites 6, 698 7,105 7,175 12,758 12 ,65 5 12,139 79.0% YOUTUBE.COM 6, 253 6, 710 6, 830 12,493 12,375 11,979 86. 2% 2 MEGAVIDEO.COM 73 159 60 9 804 745 829.1%...
Ngày tải lên: 24/12/2013, 17:15
Tài liệu Nothing But Net 2009 Internet Investment Guide 12 ppt
... Portals Year 2002 2003 2004 2005 20 06 2007 2008E 2009E 2010E 2011E 2012E Market share of key portal players* (%) 68 % 67 % 67 % 64 % 62 % 64 % 66 % 69 % 68 % 66 % 65 % Source: Company reports, Bloomberg ... (2007), Pew Internet Study (Aug ' 06) , NDIA Survey on Computer and Internet Use (Dec ' 06) 120 Global Equity Research 05 Januar y 2009 Imra...
Ngày tải lên: 24/12/2013, 17:15
Tài liệu Nothing But Net 2009 Internet Investment Guide 15 ppt
... Yandex 160 247 269 3 56 484 67 4 929 1,252 1 ,63 0 RBC 94 139 141 168 204 251 304 361 410 Rambler 63 108 1 06 1 26 162 211 278 360 444 Mail 45 67 69 80 95 117 140 164 184 Google 10 17 28 44 64 98 ... 19.0% Internet 10,8 16 15,839 21,008 27,213 36, 259 49,227 65 ,800 85 ,68 2 107 ,64 7 y/y growth, % 89.5% 46. 4% 32 .6% 29.5% 33.2% 35.8% 33.7% 30.2% 25 .6% Print 51,900 58,097...
Ngày tải lên: 21/01/2014, 23:20
Tài liệu Nothing But Net 2009 Internet Investment Guide 21 ppt
... 26. 8 43.0 31.0 42.3 50.7 47.8 63 .1 67 .5 65 .6 65 .6 67.9 67 .5 Pro forma EAT 1,159.3 1,123 .6 1,2 36. 9 1,409.5 1,537.1 1,472.4 1, 563 .1 1,537.1 1 ,60 7.8 1 ,66 6.9 1 ,68 2.7 1,8 26. 2 GAAP EPS 3.18 2.93 3.38 ... 81 .6% 81.5% 81.2% 81.0% Contribution GM 83.9% 80.9% 81.1% 81 .6% 76. 4% 77.7% 77.8% 65 .7% 67 .6% 68 .8% 54.4% 76. 0% R&D 287 .6 375.1 418.1 469 .4 479.3 494....
Ngày tải lên: 21/01/2014, 23:20
Tài liệu Nothing But Net 2009 Internet Investment Guide 27 ppt
... 99 .6 1 06. 4 125.1 120.9 112.1 99.2 91.0 84.7 87.7 86. 5 85.1 % of revenue 70.0% 67 .0% 67 .8% 68 .3% 68 .7% 68 .4% 64 .9% 65 .9% 66 .3% 66 .1% 64 .2% 65 .5% Sales and marketing 48.5 42.2 46. 4 53 .6 51.7 46. 1 ... expenses 74.9 68 .1 73.4 85.5 83.3 76. 5 69 .2 61 .9 60 .8 61 .1 60 .4 59.2 % of revenue 47.7% 45.8% 46. 8% 46. 7% 47.3% 46. 7% 45.2% 44.9% 47 .6% 46. 1% 4...
Ngày tải lên: 26/01/2014, 18:20
Tài liệu Nothing But Net 2009 Internet Investment Guide 28 pptx
... Januar y 2009 Imran Khan (1-212) 62 2 -66 93 imran.t.khan@jpmorgan.com Table 189: YHOO Annual Cash Flow Statement $ in millions FY-07 FY-08E FY-09E FY-10E Net Income 66 0.0 909 .6 460 .6 444.7 ... 947.2 Online marketing services 231.2 470 .6 666 .6 9 46. 7 Other services 0.5 0 .6 0.5 0.5 COGS -85.5 -170.5 - 264 .3 -383.4 Gross Profit 1 46. 2 300.7 402.9 563 .8 Opera...
Ngày tải lên: 26/01/2014, 18:20
Tài liệu Nothing But Net 2009 Internet Investment Guide 30 pptx
... 60 .6 63.1 61 .2 61 .4 60 .6 60.5 EBITDA Margin 66 .9 64 .6 57.2 64 .4 69 .5 66 .6 63.5 67 .4 65 .4 65 .6 65.1 65 .0 Net Margin 56. 5 58.3 47.5 65 .4 41.8 46. 5 39.4 54.3 53.0 53.4 53.1 53.3 Net Margin excl 123R ... 82.2 84.4 EBITDA 46. 2 45.5 41.8 52 .6 63.9 68 .6 74.4 82.1 81.1 85.7 88.3 90 .6 Net Interest Income 3.0 3.7 3.9 4.4 4.4 4 .6 5.8 5.1 5.5 6. 1 6....
Ngày tải lên: 26/01/2014, 18:20