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Yahoo! Inc., the Internet company that snubbed a $44.6 billion bid from Microsoft Corp., reaffirmed its first-quarter and 2008 forecasts and laid out its case for rejecting the software maker.
Cash flow may almost double in the next three years, and sales growth goals for 2009 and 2010 are higher than analysts estimate, Yahoo said in its most detailed argument since rejecting the deal more than a month ago. That potential deserves "a significant acquisition premium," Yahoo said.
Yahoo Bullish In Its Forecasts [bloomberg.com]
[edited by: WiseWebDude at 9:13 pm (utc) on Mar. 18, 2008]
I guess it's just like the stock markets now, they rocking along with almost every economic indicator in the dumps...
WiseWeb, good points but I have to correct you about the Stock Market. One day (especially if it's a day when the FED cuts rates by .75) does not make a sustainable rally or a bottom to the selloff.
We are in a Bear Market and a serious downtrend has been in place since Oct 07 in all of the major indexes. Even if this proves to be a bottom to the Bear it's going to take some serious time to correct the damage done.
Often best to watch the Financial Markets as they do lead the economy, but a lot of people misjudge bear market rallies (which are by their nature short and sharp) as bullish indicators, when in fact they serve to just suck in the suckers and then collapse as they suck out their capital.
I just watched a 10 minute video clip on Yahoo Cosmos. They broke it up into 1:15 pieces, and shoved an ad between each segment. Soooo annoying. Making it even worse, it was the same ad every time (that Scottrade.com guy hovering around in his helicopter).
The video was also choppy and opens in that crappy cosmos player. Won't be returning soon...
Display ads on their properties also seem a lot more obtrusive lately.