Portal services popular but risky

Professional Adviser
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European companies providing internet 'portal' services are market favourites, but the nature of thei...

European companies providing internet 'portal' services are market favourites, but the nature of their business structures makes them significantly higher risk than many of their internet-related colleagues. The primary revenue sources of companies such as Terra Networks (recently spun off from Telefonica) in Spain and Tiscali in Italy are advertising revenue and a share of the cost of line rental from telecom companies. Commission from e-commerce sales has the potential to outstrip all these sources, and many companies have based their long-term earnings growth on running a successful e-c...

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