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  Hotmail Co-Founder Refines Online IT Consultancy
Time: 10:34 EST/15:34 GMT | News Source: Reuters | Posted By: Robert Stein

Indian-born Sabeer Bhatia, co-founder of the popular Hotmail service, announced on Wednesday a newer version of his Internet marketplace in which experts advise buyers and sellers of software services.

Bhatia, whose trendsetting free e-mail service was sold to Microsoft Corp (NasdaqNM:MSFT - news) in 1997 for $400 million, said his firm, Arzoo.com, was betting on ``knowledge arbitrage.''

He told a news conference he was counting on thousands of experts' willingness to use their spare time, skills and experience to feed a hunger for software expertise in big firms.
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