Feeds

Hotmail co-founder starts new dotcom venture

Spends less than $10 million of his fortune

  • alert
  • submit to reddit

Top three mobile application threats

Hotmail co-founder Sabeer Bhatia has launched his biggest private dotcom venture. The man who made $400 million selling the internet email service to Microsoft has spent less than $10 million of his own money on Arzoo.com - a business which will fix IT problems over the Web using software professionals based in the US and India.



ISP, Affinity Internet Holdings, reported an increased turnover of £4.55 million today, compared with £960,000 for the same six month period to June last year. Gross loss inched up from £1.1 million last year to £1.8 this year. Group operating losses were also up, from £1.72 million to £7 million thanks to the growth of the company. Interconnect revenues accounted for were 70 per cent (£3.2 million) of the total group revenues for the period. Affinity has cash reserves of £12.5 million.




Trafficmaster, the traffic information group, launched an online service today. The company claims that the market is 'hotting up' and sales will treble next year.




Orchestream, which develops and licences software to Internet protocol network providers, posted first-half revenues of £576,823 for the period to June 30. It said it will have sales of £15 million in 2001 and become profitable in 2002. ®



For more funny money dotcom tales visit Cash Register.

3 Big data security analytics techniques

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.