Search explosion was in 2003. What will be the driver in 2005? If it's brand advertising, search engines don't have what brand marketers want: stickiness. According to comScore, the average time spent on Yahoo is 4.4 hours in a month compared to 22 minutes for Google. Time Warner's (TWX: news, chart, profile) AOL seems to keep users on its properties for 6 hours in a month, on average
What do investors want? Stickiness to click on an ad IMO..
I also do not think it will be easy for Yahoo to capture any of Google's 22 minutes outside the Americas..
First of all, there is a huge overhang of shares. Google is making 10 percent of its company available to shareholders. That means for every 1 share owned, there are nine waiting to be sold down the road.
Any SEC filings on what "time freeze" existing shareholders have on further selling their shares?