Geo success raises the stakes

Eli Reifman, chief executive of streaming media firm Geo, welcomed a move into the black today by setting his company's next goal: a place in the FTSE 100.

By Jon Bernstein, 28 September 2000 15:51

NEWS The Israeli firm, listed on the London Stock Exchange, posted half year revenues of $12.7m, up 4,000 per cent on a year ago. Its subsidiary Geo Interactive Media reported profits of $4m. The company saw its share price drop 16 per cent earlier this month when Shai Schiller stepped down as CEO. His replacement Reifman described the latest revenue figures as "historic". "To me the FTSE 100 is not just about market cap it represents financial stability, to be able to forecast growth expansion," he told Reuters.

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