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Market News for CYDE!
Market Wire, March, 2008
Wall Street News Alert's "stocks to watch" this morning are: CyberDefender Corporation (OTCBB: CYDE), eBay (NASDAQ: EBAY), Google Inc. (NASDAQ: GOOG), and VASCO Data Security International, Inc. (NASDAQ: VDSI).
Having recently announced a partnership with Offerpal Media to offer security solutions for consumers of leading Social Networking platforms such as Facebook, MySpace, & Friendster, CyberDefender Corporation is on a roll and is a "must see" for investors. Yesterday after the markets closed, the company announced a partnership with InfoSpace, Inc. to offer users improved search results from the company's toolbar search interface. InfoSpace's metasearch technology aggregates results from numerous search engines, allowing CyberDefender to monetize searches across multiple engines, leading to increased company revenues.
This great news for CYDE investors! Because no single search engine covers the entire Internet, and as different engines use differing technologies, InfoSpace's metasearch technology allows users to search the top search engines at once, including Google, Yahoo!, Ask and MSN. InfoSpace's technology aggregates the best of the best results from the Web, providing users with fast and comprehensive search results.
Once implemented, CyberDefender users will be able to benefit from InfoSpace's award winning metasearch technology and have to ability to search up to 50 percent more of the Web than any single engine.
According to published reports, Piper Jaffray analyst Safa Rashtchy has predicted search revenues to hit $16.2 billion in 2008, $19.8 billion in 2009 and top $23 billion in 2010. Companies offering metasearch receive a higher pay-per-click rate, which is a key selling point to those who partner with InfoSpace.
"We're happy to be partnering with CyberDefender and to be able to provide their users with the most comprehensive, relevant results from the Web though our metasearch technology," said Jim Voelker, Chairman and CEO of InfoSpace, Inc.
Gary Guseinov, CEO, CyberDefender Corporation said "This partnership will be a significant benefit to our users as this will give them the best search results from leading search engines rather than just one. Not only will users get more qualified data in their searches but we also anticipate that this new relationship should significantly increase our search advertising revenue by 30-35%". Guseinov added that InfoSpace is a well respected and innovative company and this partnership is yet another example of how we are continuing to execute on our goals to increase shareholder value.
The stock closed Thursday at Ninety Five Cents a share.
For Wall Street News Alert's in-depth profile of CyberDefender Corporation, visit http://www.wallstreetnewsalert.com/HotStocks/CYDE032708/default.aspx
eBay (NASDAQ: EBAY) up 4.3% on 20.5 million shares traded. Founded in 1995, eBay pioneers communities built on commerce, sustained by trust, and inspired by opportunity. eBay enables ecommerce on a local, national and international basis with an array of websites -- including the eBay Marketplaces, PayPal, Skype, Kijiji, Rent.com and Shopping.com -- that bring together millions of buyers and sellers every day.
Google Inc. (NASDAQ: GOOG) down 3% on 5.8 million shares traded. Google's innovative search technologies connect millions of people around the world with information every day.
VASCO Data Security International, Inc. (NASDAQ: VDSI) down 1% on 336,000 shares traded. VASCO is a leading supplier of strong authentication and e-signature solutions and services specializing in Internet Security applications and transactions. VASCO has positioned itself as a global software company for Internet Security serving a customer base of close to 6,500 companies in more than 100 countries, including approximately 1000 international financial institutions. VASCO's prime markets are the financial sector, enterprise security, e-commerce and e-government.
Market Commentary: "Oil futures shot to $108 a barrel Thursday as concerns about Iraqi oil output stole investors' attention from the dollar, which stabilized against the euro. Retail gas prices, meanwhile, inched up overnight while diesel prices slipped" stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com .
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