Feeds

Hotmail co-founder starts new dotcom venture

Spends less than $10 million of his fortune

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

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.

Top three mobile application threats

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.