All Eyes On Yahoo Earnings Today
Apr 22, 2008 at 11:05am ET by Greg Sterling
Today after the stock market closes, Yahoo will report earnings. Silicon Alley Insider offers a preview based on sources cited in the NY Post: “Several sources close to Yahoo! said the company will not blow the lid off earnings, but will likely beat analysts’ expectations of 9 cents a share and revenue estimates, excluding traffic acquisition costs, of $1.32 billion.”
Jerry Yang essentially said that Yahoo would have a solid quarter in his reply to Microsoft’s “ultimatum” letter. Microsoft Steve Ballmer has already said , however, that Yahoo’s results won’t affect Microsoft’s offer or position:
“We think we can accelerate our strategy by buying Yahoo and will pay what makes sense for our shareholders,” Ballmer said. “I wish Yahoo all the success with its results, but it doesn’t affect the value of Yahoo to Microsoft.”
The real question is: will positive — better than expected — results (and subsequent guidance) affect Yahoo’s institutional shareholders and their perceptions of the deal and its value? Institutional shareholders appear to favor the current deal on the table but the second largest, Legg Mason, would like to see a sweetened offer.
Strong Yahoo results and, especially, strong guidance will make it somewhat harder for Microsoft to win a proxy fight with its current bid. In-line results and tepid guidance will strengthen Microsoft’s hand because institutional shareholders will likely want to take the money and run in a weakening economy.
Share, Bookmark & Discuss This Article
More:
Keep Updated: News Via Email | News Via RSS Feed | News Via Twitter
See more stories like this in the Members Library! Check out the Microsoft & Yahoo Search Deal, Yahoo: Business Issues sections of the Members Library where this story is filed. Members also get access to exclusive video content, a members-only weekly & monthly newsletter, plus more. Check out all the benefits!
TOP STORIES
SEARCH NEWS BRIEFS
FEATURES & ANALYSIS
RECENT COMMENTS
- Clifford Bryan said " I agree, I think Twitter users should be offered an option between 'popular' and 'recent' tweets. I "
- bad_neighbour said " Of the 3 spots left to fill for teh SEO track I would choose # Improving site performance/speed # Av"
- davidthemavin said " Um, overlooked? What else is there if these are overlooked? Besides the there's really nothing else "
FREE DAILY SEARCH NEWS RECAP!
SearchCap is a once-per-day newsletter update:
STAY CURRENT THROUGHOUT THE DAY
Search Engine Land produces SMX, the Search Marketing Expo conference series. SMX events deliver the most comprehensive educational and networking experiences - whether you're just starting in search marketing or you're a seasoned expert.
SMX Web Site » | SMX Difference » | SMX News »
Join us at an upcoming SMX event:
- SMX Munich – March 23-24, 2010
- SMX Toronto – April 8-9, 2010
- SMX Sydney – April 22-23, 2010
- SMX Advanced London – May 17-18, 2010
- SMX Advanced Seattle – June 8-9, 2010
- SMX East – October 4-6, 2010
- SMX Stockholm – October, 2010
Learn more about search marketing with our free online webcasts and webinars from our sister site, Search Marketing Now. Upcoming online events include:
- Excel Tips & Tricks for PPC Success – March 18, 2010
- Paid Search and Big Brand Marketing – March 30, 2010
FOLLOW US SOCIALLY
- Wall Street Journal Recommended Reading
- Ad Age Power 150 Blog
- Technorati Top 100 Blog
- Techmeme Leaderboard Source
- Best Search Engine Community/Forum
Featured sites from our Blogroll
Get Your Search Engine Land
Premium Membership!
Become a premium member today and receive:
- Express commenting privileges & photo.
- Exclusive videos & newsletters.
- Discounts to our SMX conferences.
- Access to "How To" & Other Archives.
© 2010 Third Door Media, Inc. All rights reserved. Google, Yahoo & Microsoft logos trademark respective companies and used with permission.
