Tài liệu Nothing But Net 2009 Internet Investment Guide 18 pdf

... - Other, net Net cash provided by financing activities of continuing operations (1.1) (24.7) (1.2) (1.2) Net cash provided by operating activities of discontinued operations Net cash used ... millions DICE Statement of Cash Flows, $ in millions FY FY FY FY 2007 2008E 2009E 2010E Net income 14.6 23.2 18. 9 19.7 Depreciation 3.0 3.8 5.0 5.4 Amortization 19.1 16.8 16.4 17.0 D...

Ngày tải lên: 21/01/2014, 23:20

... 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, ... 201,429 -17.5% Platform-A 137,660 NA ValueClick Networks 31,504 38.6% AdBrite 18, 141 -36.4% Traffic Marketplace 18, 513 -27.8% CPX Interactive 18, 730 91.8% 24/7 Real Media 13,4...

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 ... 73,113 27.9% Total 182 ,622 235,811 299,397 370,749 438,655 463,546 542,660 618, 435 12.1% Y/Y Growth 29.1% 27.0% 23.8% 18. 3% 5.7% 17.1% 14.0% Source: Department of Commerce, Interne...

Ngày tải lên: 24/12/2013, 17:15

... 286.4% All Social Nets 23.9% 32.1% 9.3% 9.3% All Internet 14.3% 9.9% 5.6% 4.5% Source: comScore Networks, J.P. Morgan estimates Key Sites Some of the notable social networking sites worldwide ... consumers’ Internet usage patterns reinforced the idea that social networking sites remain primarily the province of younger users. 90% of users aged 18- 25 reported visiting a social n...

Ngày tải lên: 24/12/2013, 17:15

... most users to access the Internet, with over two-thirds of all Internet users accessing the Internet from home. Access from an Internet café lost share to the home, but still grew almost 61% ... expect Internet users to grow by around 20% Y/Y in 2009 to reach ~320M, or the penetration rate to reach ~24% of the population by the end of 2009. Figure 57: China Internet Users a...

Ngày tải lên: 24/12/2013, 17:15

... driven by: (1) Continued strong Internet user growth in China (2008E-2010E CAGR of 18% ). (2) Upside in gamer penetration, which is still less than half of Korea’s penetration (also below HK and ... particularly from lower-tier cities. (3) Increasing broadband penetration, with 214M broadband Internet users as of Jun- 08, or 85% of total Internet users; CAGR of ~100% over the last...

Ngày tải lên: 24/12/2013, 17:15

... 32.0% 31.9% 31.8% 28.9% 28.8% 29.4% 30.3% 29.8% Net income (reported) 21.3% 20.5% -49.5% 24.3% 21.0% 21.0% 23.2% 15.8% 18. 0% 18. 5% 18. 4% 18. 5% Net income (pro forma) 26.0% 25.7% 29.8% 27.7% 25.6% ... income (pro forma) 33.0% 31.2% 29.6% 29.4% Net income (reported) 4.5% 20.2% 18. 4% 18. 2% Net income (pro forma) 27.4% 25.5% 23.5% 23.4% Tax Rate 53.6% 18. 6% 21.5% 21.5% Pro...

Ngày tải lên: 21/01/2014, 23:20

... Receivables from IAC and subsidiaries $116.7 $ 118. 1 $ 118. 1 $ 118. 1 Assets held for sale $0.0 $0.0 $0.0 $0.0 Other current assets $377.4 $186 .0 $186 .0 $186 .0 Current assets of discontinued operations ... (0.3) - - - Net income (loss) available to common 9.5 16.0 24.2 33.7 Pro Forma Net Income to common 11.4 16.0 24.2 33.7 Net Attributable to preferred 1.9 - - - Net income...

Ngày tải lên: 21/01/2014, 23:20

... int. (Pro Forma) (5.6) (4.5) - - Net Income (Reported) 157.1 189 .1 163.1 227.6 Net Income w/ FAS 123R Adjustment 157.1 189 .1 163.1 227.6 Net Income (Pro Forma) 182 .5 281.3 257.1 340.5 Preferred ... & Amortization 13 12 17 15 15 17 17 17 18 18 18 18 Impairment of Intangible Assets - - - - - - 297 - - - - - Total Operating Expenses 160 183 166 141 177 170 475 140 171...

Ngày tải lên: 21/01/2014, 23:20

... Change in Common Equity - net (1) 0 18 22 Payment of Cash Dividends - - - - Other Financing Charges, Net - - - (0) Net Cash from Financing Activities (1) (0) 18 22 Net Change in Cash & ... 60.9% for 2009, down from 63.1% for 2008 (due to expected higher SG&A and R&D expenses in 2009) , and adjusted net margin of 55.8% for 2009, up from 48.4% for 2008 (due to...

Ngày tải lên: 26/01/2014, 18:20