Friday, August 26, 2005

Search Engines Explode Abroad

Kinda tough for local search engines to compete against the behemoths. You gotta have pretty deep pockets to enter these foreign markets and swallow up the competition. Lotsa money to be made and it's only just begun. dt

By Peter Lauria
New York Post
08/25/05 6:30 PM PT
According to Internet World Stats, for instance, between 2000 and 2005, Internet usage in Asia grew 183 percent. In Latin America and the Caribbean, that number climbs to 277 percent, and in the Middle East usage rose a stunning 312 percent during those five years.

Internet search companies have gone global, and their growth is exceeded only by their potential.

Since May, Yahoo (Nasdaq: YHOO) , Google (Nasdaq: GOOG) and AskJeeves (Nasdaq: ASKJ) have bought assets in such overseas markets as Brazil, China and Italy, all with the aim of establishing leadership positions to capitalize on the Internet's tremendous growth prospects internationally.
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