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Internet Stocks: Look Beyond Yahoo - Zacks Industry Rank Analysis
Charles Rotblut (November 18th, 2008) Writes:
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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