yes, it's possible show hyperlinks in the result of a query... in this sample i use the query for return the last activity of portals in my installation...

SELECT DISTINCT '<a target=_Blank HREF=http://' + CAST(dbo.PortalAlias.HTTPAlias AS VARCHAR(50)) +  '>' + dbo.PortalAlias.HTTPAlias + '</a>' AS [Dirección Web], dbo.Portals.PortalName AS [Nombre Portal],dbo.Portals.Description AS [Descripcion],
dbo.aspnet_Users.LastActivityDate AS [Última Actividad]
FROM         dbo.aspnet_Users INNER JOIN
dbo.Users ON dbo.aspnet_Users.UserName = dbo.Users.Username INNER JOIN
dbo.Portals ON dbo.Users.UserID = dbo.Portals.AdministratorId INNER JOIN
dbo.PortalAlias ON dbo.Portals.PortalID = dbo.PortalAlias.PortalID
ORDER BY dbo.aspnet_Users.LastActivityDate DESC

Please, post here the query for show the pages and i will try adapt to show hyperlinks in it... i'm interested in this query too...

Best regards