Yandex, Ilya Segalovich

Yandex Stock Premium Over Google Swells After Earnings Surprise - Bloomberg: "“Yandex is all about generating money via web searches,” Boris Vilidnitsky, an analyst at Barclays Plc in London, said by phone yesterday. “Its business concept is aimed at making you do all of your web searches without ever leaving the Yandex website. Advertisers are willing to pay a lot for that.” The number of Internet users in Russia is expected to increase to about 65 percent of a population of 143 million people in the next five years, from about half now, Vilidnitsky said. He has a target price of $35.35, implying an 11 percent jump."

Yandex co-founder Ilya Segalovich dies at 48 in London | Russia Beyond The Headlines: "“He was the ‘ideal capitalist’ — earned money with his head and work, was personally involved in charity work and did not fear to openly support political projects,” wrote opposition activist and mayoral candidate Alexei Navalny in his blog. Navalny remembered Segalovich as “the most important pillar of the IT industry in Russia” and commended him for his involvement in making politicians accountable through the creation of a mobile application for election observers. Navalny said that the last time he saw Segalovich was at a May 6 march dedicated to political prisoners. "He came with all modesty, [dressed] in a gray jacket with a hood — fond memory. He was very good,” Navalny wrote in his post."

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