Marchex.com reported 1st Quarter 2008 Financial Results today. The following is what they reported Revenue was $37.0 million for the first quarter of 2008, compared to $34.2 million for the same period of 2007. GAAP net loss applicable to common stockholders was $1.2 million for the first quarter of 2008 or $0.03 loss per diluted share. This compares to GAAP net … [Read more...]
Yahoo-Microsoft: Now What????
While the chess game between Microsoft and Yahoo continues, domainers seem to be a pawn. After announcing that they were dropping there bid for Yahoo, the question becomes what will happen to Yahoo, Microsoft, Google and most importantly how will this all effect domainers. Yahoo stock price closed north of $28.50 Friday. Prior to Microsoft's offer in January, Yahoo stock was trading around … [Read more...]
Wall Street Journal: Yahoo-Microsoft in Talks
According to a report by the Wall Street Journal today, Yahoo and Microsoft met Wednesday trying to reach an agreement on price for Microsoft's acquisition of Yahoo According to the report, Microsoft, which proposed purchasing Yahoo for for $31 a share in January, is now allegedly poised to offer as much as $32 or $33 a share. However according to the report major Yahoo shareholders are still … [Read more...]
Microsoft: “Offer for Yahoo is Generous”
Chief Executive Steve Ballmer of Microsoft, stated today that their offer for Yahoo is fair, and it doesn't intend to raise it. "Our bid is quite generous, roughly eighty times earnings...the combination would make a great company," Ballmer said at a conference with business leaders in Madrid. "If we don't hear from Yahoo, we've said we'll go to their shareholders," Ballmer added. Yahoo … [Read more...]
Baidu profit Jumps
Baidu.com, reported net income for the 1st quarter jumped 71.5% to $20.9 million, or 60 cents a share, in the first quarter, matching the estimate consensus of analysts polled by Thomson Reuters. Costs related to Baidu's Japan operations in the first quarter totaled $4.3 million, which reduced earnings by 12 cents a share. Revenue jumped 108% to $81.9 million which topped estimates which … [Read more...]
CNET and Yahoo Announce Search and Advertising Partnership
CNET Networks and Yahoo announced today what they term a broad, three year strategic partnership that includes content, advertising, and search marketing components. Under the partnership: CNET.com will provide technology content, including news, product reviews and original video, to Yahoo Tech and Yahoo News. The agreement significantly expands the technology content … [Read more...]
Yahoo’s Profit Beat Estimates, but is it enough to Stop Microsoft??
Yahoo reported slightly better than expected 1st quarter results on Tuesday, but failed to deliver the blowout quarter that many analysts said it needed to get a higher takeover offer from Microsoft. Yahoo we down $.19 cents in after hours trading following the report, as the results are seen as not being strong enough for Yahoo to increase its leverage against Microsoft. Strong results … [Read more...]