Highlighted stocks include Baidu.com (BIDU), Sohu.com (SOHU), United Online (UNTD) and Yahoo (YHOO).

Key Points: Despite the resignation of Jerry Yang, forecasts are trending downward for Yahoo Other Internet companies are doing well, however, such as Sohu.com and United Online

Without Merger, Few Positive Catalysts For Yahoo Over The Short-Term

Yesterday, Yahoo (YHOO) announced the resignation of Jerry Yang from the CEO post. The announcement was met with cheer as shares rose by nearly a buck to $11.55.

Playing a role in the upward move were speculators hoping for renewed merger talks with Microsoft (MSFT). The problem is that there is no guarantee that a merger will occur.

Without a merger, there are few catalysts for the stock. Naming a well-respected outsider as a CEO might help, but the company is struggling with both tough competition and a weak economy.

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Tucows (TCX) is an international provider of Internet service and offers reseller services, including domain services, email services, personal names service, SSL service, platypus ISP billing solutions and blogware, and Web site builder publishing services. The company also provides retail services that include domain registration, email, and other Internet services. In addition, it offers a domain portfolio, consisting of various classes of domain names.

Tucows owns roughly 150,000 domain names, most of which came through an $18 million acquisition in 2006 of rival NetIdentity. Earlier this month, Tucows announced a partnership with Web.com to provide personalized email and Web services to small and medium-sized businesses. Canada-based Tucows works with a network of 9,000 Internet Service Providers (ISPs) across the globe to market its products and services. The company also offers services through resellers and Internet-based distribution network of Internet service providers, Web hosting companies, and other providers of Internet services, as

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Airspan Networks, Inc. (NASDAQ:AIRN), a Florida based supplier of broadband wireless access equipment, has once again been chosen by global IT business solutions provider Comarch for a high-speed WiMAX network, this time in the newly independent southern European nation of Montenegro. The WiMAX network is being deployed by Promonte, the largest mobile operator in Montenegro, and a subsidiary of Norwegian mobile telecommunications giant Telenor.

Airspan, a leading supplier of wireless solutions since 1992, has become an increasingly trusted partner with Telenor in wireless telecommunications projects. In September Airspan announced a multi-year contract with Telenor, to expand their national IP network across Norway.

The Montenegro WiMAX deployment will be country-wide, providing their growing and technology-hungry economy with high-quality IP services which businesses can easily link into by using subscriber terminals. Comarch’s VP of Telecommunications Piotr Piatosa said, “When Promonte decided to expand their mobile services portfolio to offer IP-based services, it became

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Elron Electronic Industries Ltd. (NASDAQ: ELRN) is a high-technology holding company directly involved in facilitating the long-term performance of their group companies. Elron seeks out potential technologies, initiates strategic partnerships, attains financing, and recruits the best possible management teams to help improve their invested companies. Their current group of companies consists of a diverse range of publicly-traded and privately held companies that operate primarily in the fields of medical devices, information and communications technology, semiconductors, and clean technology.

Since their inception in 1968, Elron has been overseeing growth of hi-tech ventures in diverse fields and stages, generating an impressive record of IPOs, M&As and re-structuring deals. During the early 90’s, Elron was one of the Internet pioneers in Israel, expanding into information technologies and communications by the end of the decade. Landmark companies founded during the 90’s include 013 NetVision, Israel’s largest Internet service provider

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Small-cap stocks haven’t been making many big headlines lately, but that could be changing, according to Touchstone’s Lawrence Creatura.  He’s found some interesting names for investors.

His four-star Touchstone Diversified Small Cap Fund is up an average of 11.92 percent per year over the last five years.

“That’s where the best companies are,” he told CNBC about the small-cap space.  “The companies are understandable, and investors appreciate that.”

Recommendations:

So which stocks does he want investors to understand?

Topping his list is Brown Shoe

“This is a classic value play,” he said.  “It’s a depressed multiple applied to a depressed earnings profile, and right now, the stock is so inexpensive it’s almost like a call option, which goes into the money if consumers return some day to buy shoes, and it seems to be a pretty safe bet that they will.”

He also likes United Online,

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