filed in internet services on Jul.29, 2009
Eighteen months ago Yahoo (YHOO) management rejected a $33 per share, $47.5 billion cash takeover offer from Microsoft (MSFT). Today the two companies have announced a search partnership that makes Microsoft’s Bing the default search engine on Yahoo and gives Yahoo no cash upfront for the privilege. This story is likely one of the worst [...]
filed in internet services, media and entertainment on Mar.17, 2009
Time Warner (TWX) has long been a media conglomerate difficult for investors to dissect. However, that may be about to change and the moves could finally extract some value for Time Warner shareholders. The company will complete its spin-off of Time Warner Cable at the end of the month, which offloads billions of debt to [...]
filed in food and beverage, internet services, retail on Jan.30, 2009
In November of 2004 I wrote a piece entitled “Sleepless in Seattle” which postulated that shares of Starbucks (SBUX) were trading at such a high valuation (forward P/E of 48) that even if the company grew handsomely over the following few years, the stock’s performance was likely to be unimpressive. I projected an aggressive three-year [...]
filed in google, internet services on Sep.03, 2008
The announcement from Google (GOOG) yesterday that it has released a beta version of a new web browser called Chrome has gotten a lot of attention, but shareholders like myself aren’t overly enthused. Once again it appears that Google is more about coming out with new free products than it is about its earnings or [...]
filed in internet services on May.05, 2008
This blog has been rather quiet recently, but things should pick up shortly. I am in the process of relocating and other things have limited my time lately. This Microsoft (MSFT), Yahoo (YHOO) story just can’t get any more interesting. Now that MSFT has walked, what can we expect? Well, YHOO’s management team looks like [...]
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