Online search engine operator Yahoo Inc. said Tuesday that its fourth-quarter profit declined a bit more than 23 percent as higher operating expenses overshadowed an increase in revenue. 4th fourth net earnings were $205.7 million, or 15 cents a share, down from $268.7 million, or 19 cents a share, in the year-ago period. Excluding items, the company posted an adjusted profit of $280 … [Read more...]
Baidu.com downgraded, Google.com Upgraded
Baidu.com Inc. shares are down around 20 points today, after an Canaccord Adams analyst Colin Gillis, initiated his coverage of the stock, setting a $265 price target and a "Sell" rating, saying investments the Chinese search engine operator is making in 2008 are expected to increase expenses without leading to substantial near-term revenue.In the past year, the stock has moved between $92.80 and … [Read more...]
Stock Market Update
As predicted last night, the down tumbled 450 points at the opening, but after the fed cut the fed fun rate by 3/4 of a point. The fed also cut the discount rate, the rate it charges banks to borrow from the central registry by the same 3/4 point. This was the largest rate cut by the fed since October 1984. Stocks recovered at 11am and the Dow was only down around 55 points. At noon, the Dow, … [Read more...]
Bad Day for WallStreet Coming
By all estimates today should be a brutal day on wall street, following 4-7% losses in stock indexes all around the world. The US markets were closed Monday for MLK day, but everywhere else, the market reacted to the Bush plan to return up to $800 to each taxpayer by spring 2008, to fix the US economy, with a overwhelming thumbs down. As we discussed several days ago, the US economy is in, … [Read more...]
Domain Parking Stock Index Historical Data
5 days | 3 months | 6 months | 1 year We have now added a historical chart for the Domain Parking Stock Index which tracks the closing price of the index each day starting with January 2, 2008, which was the first trading day of this year. To see the chart just click on the DPSI link on the index. The index is updated in real time all day long. … [Read more...]
Baidu.com
For all those still not aware of Baidu (part of our domain parking stock index), in an article published today by Investors Business Daily they reviewed the company: "China's search leader has relegated Google to a distant No. 2 in the world's most populous nation. In the U.S., Baidu translates into "hot stock" -- or at least it should. The company's U.S. stock has been No. 1 on IBD's weekly IBD … [Read more...]
CFO Of Baidu Killed in Accident
According to a report in cnn.com, the chief financial officer of China's dominant Internet search engine Baidu.com, Shawn Wang, died in an accident On December 27, while on vacation in China. Mr. Wang helped get Baidu listed on the NASDAQ. Baidu.com is down 5 points in early trading today … [Read more...]