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Tuesday, March 22, 2005

Internet Feeding Frenzy - 1999 all over again?

HP announced that they acquire closely held Snapfish. Snapfish is an online photo service company and HP tries to move into the space to become stronger in the fast-growing online photo printing market.

May be this is a reaction of Yahoo’s acquisition of Flickr?

AskJeeves was also acquired by IAC/InterActive Corp, owned by former Hollywood mogul Barry Diller. The acquisition will put IAC in direct competition with Google, Yahoo!, Microsoft and other firms that are seeking to cash in on the boom of online advertising linked to the use of Internet search tools.

AskJeeves, earlier acquired Bloglines, the blog aggregator.

In between Movable Types had some acquisitions on their own and teamed up with Friendster as well.

Have I forgotten anything?

Now – which year are we living in? Is it 1999 or 2005 – the beginning of a new feeding frenzy in Internet companies?

(By Asia Business Consulting)