Archive for February, 2009

8 hours left to get a free dedicated Server

Published on February 27, 2009 at 4:15 pm by heri in: Web Hosting Articles, iWeb Articles

It might look like we are over-publicizing this offer; but it’s an exceptional, never-seen offer, unlikely to be offered ever again by iWeb, or any other web hosting company. So here it is again: The promotion to get a free dedicated server ends in just 8 hours, at the time of publication of this post. The Intel Core 2 Duo servers are sold out, but we still have 2.6Ghz P4 servers if you want this deal.

There were a couple of (positive) comments on the first blog post whether existing customers could benefit from this offer. The offer applies to new as well as existing iWeb customers. Which means that if you want to expand your current infrastructure, this is the time to do it.

View the promotion.

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iWeb finance – growth continues in first quarter

Published on at 3:15 pm by Bernard Dahl in: iWeb Articles

This morning iWeb sent out a press release with the results for the first quarter of the 2009 fiscal year. Our growth, which is defined in revenue (or income) remains strong and consistent; our numbers have almost doubled compared to the first quarter of 2008; 92% growth, to be exact. 

As Martin and Eric, iWeb’s 2 co-founders, explain in the press release, this is the result of hard work, and the current economic situation means that we have to work hard to earn every new customer – but it also means that people are expecting more value for their hosting dollar, which is pretty much a good thing.

The press release also included talk about the re-engineering of our customer service department, which has started delivering results – the restructuring should be complete in September. As Eric explained during iWeb’s first ever conference call with Financial analysts, “supporting 20 000 customers is very different than supporting 5 000 customers”.  Indeed it is; it’s not just a question of simply adding more people – that would be too easy…

The press release also mentions that iWeb lost 1.2 M$, but only theoretically. Huh?

Here is how that works out: last year iWeb completed a financing deal with Investment Banking Giant Goldman Sachs, which included 10M$ USD in debt, due in 5 years. At the time, that meant more or less 10,6 Million in Canadian dollars. Because the exchange rate has changed in the last quarter (October, November and December), that 10 Million USD is now closer to 12 Million is CAD$ – except that the debt is only due in 5 years. So in reality nothing has changed, really, except the theoretical cost of repaying our debt, if the exchange rate does not change in the next 5 years. Accounting rules say that we have to declare this difference right away, which is the reason for our loss.

Without the theoretical loss, iWeb’s numbers are pretty much at break even (11 K$ profit, in fact), and EBITDA doubled to 1.6 M$.

Director, Communications and Public Relations
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iWeb Tech News Highlights: Nokia, iPhone, and MySQL

Published on at 8:00 am by heri in: iWeb Tech News Highlights

iweb tech news highlights The iWeb Tech News Highlights covers web hosting, web development, web design and general technology news and is published at 8.00am EST. For Feb. 27th, here are the highlights:

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iWeb Tech News Highlights: Quake Live, Plug Computers, and Microsoft claims

Published on February 26, 2009 at 8:00 am by heri in: iWeb Tech News Highlights

iweb tech news highlights The iWeb Tech News Highlights covers web hosting, web development, web design and general technology news and is published at 8.00am EST. For Feb. 26th, here are the highlights:

  • An interview of id Software’s John Carmack, who talks about the new in-browser game Quake 3. John Carmack discusses the future of PC games, how in-browser games development differ from regular titles, and business models,
  • Marvell plans $100 pluggable computers, called wall-warts. It has Linux, a 1.2Ghz cpu, 512Mb of RAM and a USB port, etc. and could be used a home server, a light office server, a media server (music streaming)
  • Microsoft sues TomTom, the in-car navigation maker company, over IP claims, with three involving the Linux kernel.
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iWeb Tech News Highlights: Safari 4, Atlas, Apple and netbooks

Published on February 25, 2009 at 8:00 am by heri in: iWeb Tech News Highlights

iweb tech news highlights The iWeb Tech News Highlights covers web hosting, web development, web design and general technology news and is published at 8.00am EST. For Feb. 25th, here are the highlights:

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