http://www.multilingual-search.com/russian-yandex-moves-closer-to-ipo/30/05/2008/ Global Search Engine Marketing News And Global Social Media Thu, 26 Jan 2012 21:04:45 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.multilingual-search.com/russian-yandex-moves-closer-to-ipo/30/05/2008/comment-page-1/#comment-67902 Itman Fri, 30 May 2008 17:47:59 +0000 http://www.multilingual-search.com/russian-yandex-moves-closer-to-ipo/30/05/2008#comment-67902 They are talking about IPO for maaaaany years. One can be sure that IPO will happen sometimes by many reasons including rewarding investors and employees. It is also important to have enough money to fight Google. In many interviews, Volozh said that Yandex revenues are SOOO HUUUGE that it does not need money. However, I don't believe him. Yandex certainly needs a lot of dough to keep up with increasing costs of running a business in Russia. This includes but not limited to rising salaries in Russia (as much as 2,000-4,000 for a good specialist) and rent costs. In addition, they've started indexing "Big" Internet and definitely need a lot of resources to increase the number of indexed pages to a reasonable level of about 10 billion. They are talking about IPO for maaaaany years. One can be sure that IPO will happen sometimes by many reasons including rewarding investors and employees. It is also important to have enough money to fight Google.
In many interviews, Volozh said that Yandex revenues are SOOO HUUUGE that it does not need money. However, I don’t believe him. Yandex certainly needs a lot of dough to keep up with increasing costs of running a business in Russia. This includes but not limited to rising salaries in Russia (as much as 2,000-4,000 for a good specialist) and rent costs. In addition, they’ve started indexing “Big” Internet and definitely need a lot of resources to increase the number of indexed pages to a reasonable level of about 10 billion.

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