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Pure-Breed Portal Players

  Excite Infoseek Lycos Snap Yahoo
Fiscal Year Ends Dec. Dec. Jul. n/a Dec.
Date Founded 2/93 1/94 6/95   1Q '97* 4/94
Date of IPO 4/96 6/96 4/96 n/a 4/96
Share Price (8/26) 39 3/8 25 15/16 38 n/a 96 7/8
Market Cap (8/26) in Billions $1.9 $0.8 $1.4 n/a $9.1
'98 EPS (est.) -0.23 -0.17 -0.23** n/a 0.32
'99 EPS (est.) 0.38 -0.21 -0.21 n/a 0.46
'99 Revenues (est.) in Millions $200.76 $138.1 $96.89 n/a $248.84
Price to '99 Sales (est.) 19.6 18.8 39.2 n/a 38.9
Number of employees 600 300 450 150 600
% of Internet Audience Reached*** 27.6 17.2 32.3 4.8 41.8
Sunk Cost as of 6/98 in Millions (est.) $259.2 $135.8 $172**** $25 $226.6

 

Mixed-Breed Portal Players

  AOL Microsoft Netscape
Fiscal Year Ends Jun. Jun. Oct.
Date Founded '85 11/75 4/94
Date of IPO 3/92 3/86 8/95
Share Price (8/26) 110 11/16 112 9/16 26 9/16
Market Cap (8/26) in Billions $24.3 $277.4 $2.6
'98 EPS (est.) 0.55** 1.79** -0.61
'99 EPS (est.) 1.01 2.16 0.36
'99 Revenues (est.) in Millions $3,660.8 $17,000.4 $729.3
Price to '99 Sales (est.) 3.0 0.6 3.6
% of Internet Audience Reached*** 46 24 25.4

* Snap! began as a wholly-owned division of CNET (CNWK)
** Actual
*** By all portal-class Web properties owned
**** As of 4/98

Data: BW Estimates, Company Reports, First Call, I/B/E/S, Media Metrix, S&P Comstock


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Updated Aug. 27, 1998 by bwwebmaster
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