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April 18, 2007
The Mantra: Never Invest In Yahoo Again
After weeks of speculation that Yahoo's new ad serving system Panama would return Yahoo to a growth stock that at least ride Google's coat-tails, Yahoo blew it again. It reported an 11% drop in first quarter profits as its revenue rate continued its steady decline. The stock fell 8% in after hours trading.
"People were expecting a possibility of upward guidance and we didn't get that so the stock is giving back," American Technology Research
An analyst at Cowen contentds that advertisers are spending more on niche content sites, such as MySpace, Friendster and YouTube at the expense of Yahoo.
Posted by Paul at April 18, 2007 06:21 PM
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