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Pluthero's parting shot is a new plan to "reset" the business, which envisages lots of cost-cutting, "revised pricing methodologies" and expansion into the "cloud" data hosting market.
The fund helped the team understand the hosting market, and define its distribution channels.
Yet the company will face intense competition in the web hosting market from specialized service providers like Exodus Communications exds, which runs sites for Yahoo! yhoo, and others.
Ultimately small companies like Aumcom may be forced out of business if the bigger ventures such as Verio's put enough effort into creating value-added constellations of business services for the web hosting market.
(According to the Stamford, Conn.-based Gartner Group, the worldwide application hosting market will grow from $889 million in 1998 to $22.7 billion in 2003, much of the revenue coming from medium and large subscribers).
With Amazon ahead of the pack, however, the team had a hard time convincing potential investors that it could make a dent in the hosting market.
Similar(50)
Australia was chosen as the host market because it is a strong service economy.
This paper studies the impact on domestic welfare and a foreign firm's entry mode of a greater host market competition.
Some immigrant born globals rely on co-ethnic networks that allow them to exploit their ethnic knowledge based on the market opportunity in the adopted host market.
We discuss the implications of the varying balance of home vs. host market forces on the multinationalization process of alternative types of firms discussed in the literature.
If FDI is invested for the sale in the host market, improvement in terms of trade may not enhance investment inflows.
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