wheel - 9:01 pm on Nov 7, 2008 (gmt 0)

You could take search completely out of the picture and Yahoo would still be in a position to make a profit. Everyone catch that? Yahoo isn't just search.

I don't follow yahoo as a company, but if what you're saying is so, then you're correct - it's very telling. Conversely if you take search out of Google you end up with a company worth the value of some server farms.

Google makes an awful pile of money, but they've got only one source of revenue. And while the probability of them losing that source is low, the consequences are severe - they lose everything if search traffic goes somewhere else. Nice to know that Yahoo isn't in that position. I don't know diddly about stocks, but seems to me that that should make Yahoo stock somehow better than Google stock.