GM Kills $10 Million Facebook Ad Campaign Because It Didn't Work
PC Upgrades on Byte-Size Budgets -- Savings ExperimentOh, it is not a good day in the world of the internet biggies. Yahoo!'s earnings came in right along analyst consensus estimates of 11 cents per share, but evidently investors in Yahoo!, Google and eBay were expecting better things -- at least, they must have collectively hoped, as much as last year's 13 cents per share.
If I could visualize after-hours trading, it would be like a slow-motion glass globe breaking all over while passers-by held their ears and covered their eyes. Yahoo!, currently down 12.69% in after-hours trading to $27.80. Google, down nearly 4% to 392.97. Even eBay is getting hit by the Yahoo! shrapnel, down a little over 2% to $26.01.
While some are calling the dip in Google shares an "over-reaction," others are pointing out the many reasons why Yahoo!'s plummet isn't a reasonless panic: the long delay in Project Panama, Yahoo!'s new search technology for advertisers ("don't count on it until Q1" says Terry Semel); the fact that cash flow growth was lower than sales growth (because of "talent" a.k.a. high employee costs, says Susan Decker); or perhaps because capital investment is taking too long to pay off. As Sheldon Liber just IM-ed me, "all those brave souls that have the guts to wait for GOOG report Thursday" might, or might not, be pleased with what they see in Yahoo!'s competition.
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Reader Comments (Page 1 of 1)
7-19-2006 @ 12:56AM
Rochn said...
Yahoo, Ebay, Google, the biggest internet company in the world is the head of all internet companies, we can see the trend of internet developement.