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$17.40 0.07 (0.40%)
9/5/2008 4:00 PM

IAC/InterActiveCorp. (IACID)

CAPS Rating:
****

The Company operates and diversified businesses in sectors being transformed by the Internet, online and offline its mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world.

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Avatar NetscribeECommer (71.28) Submitted: 1/16/07 1:50 AM : Outperform Start Price: $46.95 IACID Score: -49.90

IAC/InterActiveCorp operates a diversified portfolio of specialized and global brands, online and offline, through internet, telephone and television. It operates in businesses involving retailing, services, membership and subscription, media and advertising and emerging business. Its prominent brands include HSN, Ticketmaster, lendingtree, Match.com, Ask.com, Citysearch and few others. For nine months of 2006, retailing and services accounted for 48% and 32% of revenues respectively, the remaining being contributed by other businesses.

On the retailing front, the company has laid down strategic plans for HSN.com that includes new brand identity, launching of new brands, re-vamp of HSN website and reduce its dependence on core vendors. In the ticketing segment, in 2007, China would be a promising market for the upcoming Beijing Olympics. The company is also looking to broaden ticketmaster.com's content by providing information on artists and events.

For its personal services Match.com, the company has recently launched a new technology, which will enable it to localize its service offerings in various countries. In its search and media services, the company plans to increase its market share of its brand Ask.com in 2007 through product innovation, attracting more users and leveraging other search and media properties. The recently launched Ask City integrates event information from Ticketmaster and the home service expertise of service magic.

The management has outlined its growth and revenue and profit drivers for 2007. With a strong brand portfolio, the future of IAC/InterActiveCorp looks equally promising and is a good pick for long-term investors.

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Avatar NetscribeECommer (71.28) Submitted: 4/20/07 6:38 AM

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Owning a portfolio of 60 brands, which are mostly consumer related, InterActiveCorp (IACI) is a unique modern media conglomerate with a focus on internet and e-commerce business. InterActiveCorp operates most its businesses in the fast-growing internet advertising market, which is expected to increase by 28% in 2007. In addition to online advertising, e-commerce and consumers evolving internet usage habits are driving IACI’s growth via businesses such as Match.com within its membership and subscription segment and Ticketmaster within the services segment.
Recently in March 2007, IACI and Dow Jones & Company formed a joint venture to create a new personal finance internet business targeting the broad Web-savvy audience. This joint venture combines the power of IAC marketing, distribution and technology with the credibility and relevance of Dow Jones’ brands, content and editorial expertise to create a place where consumers can learn, interact and make the most of their financial resources. The partnership will launch a community-driven website using the personal finance content of The Wall Street Journal, MarketWatch and other Dow Jones products and the marketing and technology expertise of IAC’s businesses, including Ask.com and LendingTree.
IACI reported 8% growth in revenues for the fourth quarter of 2006 compared with last quarter of fiscal 2005. Its emerging businesses showed a growth of 737% for the same period followed by 46% growth in its media and advertising segment. Going forward its array of acquisitions made in the past are likely to add up to the incremental revenues. Endorsing the same, long term investors can consider exposure to the shares of this company.

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