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News for 'CYTR' - (www.streetinvesting.com: Continuing Our Look at CytRx Corporation)
Dec 08, 2006 (M2 PRESSWIRE via COMTEX) -- Streetinvesting.com is the author of
this release. This release is a result of our current concentration on CytRx
Corporation (NASDAQ:CYTR) and their latest corporate developments and market
performance. Our goal is to help investors seek a diversified portfolio by
introducing techniques to help grasp a better understanding and concept of the
market and the daily activities that a public company experiences. The first
stage of this process is to continually track CytRx Corporation and use the
information that we may find to our advantage. To learn more and become part of
the acclaimed online financial newsletter community, visit
www.streetinvesting.com for a complimentary subscription.
CytRx Corporation was up 6.90% Wednesday. Investors also saw approximately
1,533,760 shares having traded hands come market closure.
Wall Street's rally was cut short Wednesday as investors decided to hold off
until the release of the Labor Department's upcoming jobs report.
Although the week began on a strong note, many traders chose to sell ahead of
the government's November payroll report expected this Friday, as well as next
Tuesday's Federal Reserve meeting. As we had touched upon in our previous
articles, a number of recent economic reports have led some to believe that
policymakers may cut rates after over two years of hikes that halted in June.
The next few weeks will be an interesting an exciting time for both investors
and corporations alike. With Christmas nearing and recent economic changes
unfolding, Streetinvesting.com's research team will continue to keep our members
up to date on the latest market news and developments.
According to preliminary calculations, the Dow Jones industrial average lost
22.35, or 0.18 percent, to finish at 12,309.25.
Broader stock indicators also dropped, with the Standard & Poor's 500 index
declining 1.86, or 0.13 percent, to 1,412.90, and the Nasdaq composite index
sliding 6.52, or 0.27 percent, to 2,445.86.
CytRx Corporation stood out in the crowd Wednesday, and despite the day's
overall negative results secured notable returns for shareholders.
In some of the most recent news to surface surrounding this Company, which we
feel may have had an affect on the day's success in the marketplace, as well as
an ongoing affect on shareholder outcome, CytRx Corporation announced that
Matthew Natalizio, CytRx's Chief Financial Officer, is scheduled to present at
The New York Society of Security Analysts (NYSSA) 10th Annual Biotech &
Specialty Pharmaceutical Industry Conference on Tuesday, December 12, at 9:30
a.m. Eastern Time. The conference will be held on December 12, 2006, 8:30 a.m.
to 5:10 p.m., and December 13, 2006, 8:30 a.m. to 4:30 p.m. at NYSSA, 1177
Avenue of the Americas, 2nd Floor, New York City.
To continue with the full report, more information and research please go to
www.streetinvesting.com
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forward-looking statements that involve risks and uncertainties. This material
is for informational purposes only and should not be construed as an offer or
solicitation of an offer to buy or sell securities. Streetinvesting.com is not a
licensed broker, broker dealer, market maker, investment banker, investment
advisor, analyst or underwriter. Please consult a broker before purchasing or
selling any securities viewed on or mentioned herein. Streetinvesting.com may
receive compensation in cash or shares from independent third parties or from
the companies mentioned.
Streetinvesting.com will not advise as to when it decides to sell and does not
and will not offer any opinion as to when others should sell; each investor must
make that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words such as "may",
"future", "plan" or "planned", "will" or "should", "expected," "anticipates",
"draft", "eventually" or "projected". You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected in
the forward-looking statements, including the risks that actual results may
differ materially from those projected in the forward-looking statements as a
result of various factors, and other risks identified in a companies' annual
report on Form 10-K or 10-KSB and other filings made by such company with the
Securities and Exchange Commission.
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included herein, and not place undue reliance on such statements. The
forward-looking statements in this release are made as of the date hereof and
Streetinvesting.com undertakes no obligation to update such statements.
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(C)1994-2006 M2 COMMUNICATIONS LTD
AKAM Closed at a new 52 WEEK HIGH @ $53.38 Today!!!...
With HUGE Volume!...
DAILY:
WEEKLY:
The upper Bollinger Band on this weekly chart says the potential upside of this move is $59.11 and ALL of the Technical Indicators are upticking nicely...
Good Luck To ALL ;^))
AKAM Closed at a new 52 WEEK HIGH @ $53.38 Today!!!...
With HUGE Volume!...
DAILY:
WEEKLY:
The upper Bollinger Band on this weekly chart says the potential upside of this move is $59.11 and ALL of the Technical Indicators are upticking nicely...
Good Luck To ALL ;^))
You're Welcome! TPL ;^))
Elliot Waves is what you're talking about...
http://www.investorshub.com/boards/board.asp?board_id=5168
Wow! janniebgood...
That's a good list, but you're probably missing a few other important ones...
You should turn your book into a "Fiction"...
Like: "Reminiscences of a Stock Operator" by Edwin LeFevre...
It's definitely one book everyone should read...IMO
I wrote that Ebook JB...
And this is how I day trade...I DON'T usually play the pennies, but play with BIG MONEY on the BIG BOARDS...
That's because I HATE Limit Orders...
The two at the bottom of this list are just two of my trades from today...
I made $1560.00 in ONE DAY!, which is about an average day for me:
http://www.market-master.net/dtposts.html
What?...No SLJB on the top 100 list?...
ROTFLMAO!!!...
I do see CSHD on this list...lol
Hi Buckey...Oh yeah...Maybe I should have...
Put some of my BAD trades in the Ebook too (not)...lol
That's how I learned how to day trade...
From my MISTAKES!...
As far as "spell checker" goes...I just copy a page of my book and post it in a PM to me, but instead of posting it, I just preview it...
That'll show you exactly what words are wrong...My wife proof reads for me too when I think I've finally got it right...
She always finds a few...She has a college degree, I don't...lol
Thanks! 'blasher'...I appreciate that...
I hope it sells like 'hotcakes'...lol
I just finished my very first E-Book...
It's on Day Trading the Stock Market...
Here's a description on it:
http://www.market-master.net/daytrading-E-Book.html
Here's another day trade I did on RBAK today:
IN: At 2:01:38 withh 1K shares at $17.51 and 1K more shares at $17.35
For a breakeven price of $17.43
http://www.investorshub.com/boards/read_msg.asp?message_id=15369928
OUT: With ALL 2K shares at $17.05 at 3:22:01
http://www.investorshub.com/boards/read_msg.asp?message_id=15373841
FOR A NET PROFIT OF $.38 or $760.00 IN ONE HOUR AND TWENTY ONE MINUTES!!! ;^))
I'm buying to Cover my 2K share short at 17.05 NOW!!!
I just went Short on RBAK with 1K shares at 17.51
And I'll add 1K more if it breaks below 17.35
It's been an AMAZING!!! DAY for both AKAM and RBAK ;^))
AKAM is UP over $3.50 and UP over 7% today ;^))
AKAM is UP over $3.50 and UP over 7% today ;^))
HI! mince...RBAK got some...
REALLY GOOD NEWS THE LAST TWO DAYS!!! ;^))
I'M LOCKING IN MY PROFITS NOW @ $17.42
I MADE OVER $800.00 IN JUST UNDER 30 MINUTES:
I BOUGHT 2K SHARES AT 12:03
http://www.investorshub.com/boards/read_msg.asp?message_id=15363800
LOOK AT RBAK GO!!!...LOL
RBAK is breaking up through a level of resistance...
At $17.00
And I'm all IN with 2K shares there at 17.01...
Even though it's up almost two dollars and 13% on the day...
TODAY'S NEWS RELEASE WAS VERY, VERY GOOD FOR RBAK...
RBAK is breaking up through a level of resistance...
At $17.00
And I'm all IN there...
AKAM is now UP over $2.75 and UP over 5.5% today!!!...
It's trading at $52.58
And the Nasdaq is down 8 points...
It looks like the "Second Low Entry" was a GOOD ONE!!!...
http://www.investorshub.com/boards/read_msg.asp?message_id=15254605
I LOVE AKAM!!!...LOL ;^))
AKAM is now UP over $2.75 and UP over 5.5% today!!!...
And the Nasdaq is down 8 points...
I LOVE AKAM!!!...LOL ;^))
Tony Dong a Senior Analyst was just talking about AKAM...
On CNBC...He said he REALLY liked this Company...
I didn't catch which company he is a Senior Analyst at...
News for 'RBAK' - (Blue Chip News: Fundamental Review for Redback Networks Inc)
Dec 07, 2006 (M2 PRESSWIRE via COMTEX) -- Fundamental Review for Redback
Networks Inc (NASDAQ:RBAK)
Redback Networks, Inc. provides advanced telecommunications networking equipment
in North America, Europe, the Middle East, Africa, and Asia-Pacific. It offers
SmartEdge service gateway that combines scalable carrier-class edge routing,
Ethernet aggregation, and advanced subscriber management; SMS product families,
which enable service providers and carriers to provide, aggregate, and manage
broadband and dialup subscribers, and services through a single and unified
platform; and the NetOp policy manager, a software platform that allows policy
management and control across the SmartEdge and SMS product families. The
company's products enable service providers to build Internet protocol-based
broadband networks to deliver high-speed access and services to consumers and
businesses. It has collaboration agreements with DSL Forum, Broadband Services
Forum, TIA, United States Telecom Association, and Isocore. As of March 20,
2006, Redback Networks had a customer base of approximately 500 carriers and
service providers, including local exchange carriers, inter-exchange carriers,
post, telephone and telegraph, and service providers. It sells its products
through direct sales force, resellers, and distribution partners. The company
was founded in 1996 and is headquartered in San Jose, California.
Shares were up 10% after announcing it has won the second phase of a broadband
network upgrade with largest provincial carrier in China.
BellwetherReport.com is a leading online research firm for international
investors looking to get an edge over their portfolio. Investors seeking the
most up to date information on Redback Networks Inc are invited to sign up for a
free complimentary subscription to www.bellwetherreport.com. No credit card
needed!
Redback Networks Inc. , a leading provider of multi-service edge routers for
next generation broadband networks, announced it has won the second phase of a
broadband network upgrade with largest provincial carrier in China. Guangdong
Telecom will use Redback's SmartEdge family of multi-service edge routers to
deliver broadband internet, IPTV and virtual private network (VPN) services for
up to four million homes and businesses.
Today's announcement is one of the largest network upgrades that Redback will
help manage in China. Guangdong Telecom is the largest independently run
provincial carrier of China Telecom, which has an estimated 50+ million
customers. Guangdong Telecom contributes one-quarter of China Telecom's revenues
and one-third of China Telecom's profit. Guangdong Telecom is planning to grow
the broadband business more aggressively and double the number of broadband
subscribers in the next one or two years.
More information on Redback Networks Inc available in the members section of
www.BellwetherReport.com.
To review research on Redback Networks Inc as well as many more exciting
articles we encourage you to visit www.bellwetherreport.com. You can find these
reports under the "Today's Articles" section. No credit Card Needed!!
The Bellwether Report will continue to research the small cap markets to bring
you exciting opportunities!! If you are interested in receiving more information
on these small cap opportunities and other features of our site, feel free to
sign up for a complimentary subscription to the #1 online investment tool
www.bellwetherreport.com.
Companies looking to advertise with Bellwether Report should email
jlee@bellwetherreport.com with the subject line (Advertising).
Information has been gathered from sources such as www.Hoovers.com,
www.yahoo.com, www.associatedpress.com, www.marketwire.com, www.businesswire.com
and other public resources.
All material herein was prepared by the Bellwetherreport.com, (Bellwether) based
upon information believed to be reliable. The information contained herein is
not guaranteed by Bellwether to be accurate, and should not be considered to be
all-inclusive. The companies that are discussed in this opinion have not
approved the statements made in this opinion. This opinion contains
forward-looking statements that involve risks and uncertainties. This material
is for informational purposes only and should not be construed as an offer or
solicitation of an offer to buy or sell securities. Bellwether is not a licensed
broker, broker dealer, market maker, investment banker, investment advisor,
analyst or underwriter. Please consult a broker before purchasing or selling any
securities viewed on or mentioned herein. Bellwether may receive compensation in
cash or shares from independent third parties or from the companies mentioned.
Bellwether's affiliates, officers, directors and employees may also have bought
or may buy the shares discussed in this opinion and may profit in the event
those shares rise in value.
Bellwether will not advise as to when it decides to sell and does not and will
not offer any opinion as to when others should sell; each investor must make
that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words such as "may",
"future", "plan" or "planned", "will" or "should", "expected," "anticipates",
"draft", "eventually" or "projected". You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected in
the forward-looking statements, including the risks that actual results may
differ materially from those projected in the forward-looking statements as a
result of various factors, and other risks identified in a companies' annual
report on Form 10-K or 10-KSB and other filings made by such company with the
Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements
included herein, and not place undue reliance on such statements. The
forward-looking statements in this release are made as of the date hereof and
Bellwether undertakes no obligation to update such statements.
M2 Communications Ltd disclaims all liability for information provided within M2
PressWIRE. Data supplied by named party/parties. Further information on M2
PressWIRE can be obtained at http://www.presswire.net on the world wide web.
Inquiries to info@m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
News for 'RBAK' - (Blue Chip News: Fundamental Review for Redback Networks Inc)
Dec 07, 2006 (M2 PRESSWIRE via COMTEX) -- Fundamental Review for Redback
Networks Inc (NASDAQ:RBAK)
Redback Networks, Inc. provides advanced telecommunications networking equipment
in North America, Europe, the Middle East, Africa, and Asia-Pacific. It offers
SmartEdge service gateway that combines scalable carrier-class edge routing,
Ethernet aggregation, and advanced subscriber management; SMS product families,
which enable service providers and carriers to provide, aggregate, and manage
broadband and dialup subscribers, and services through a single and unified
platform; and the NetOp policy manager, a software platform that allows policy
management and control across the SmartEdge and SMS product families. The
company's products enable service providers to build Internet protocol-based
broadband networks to deliver high-speed access and services to consumers and
businesses. It has collaboration agreements with DSL Forum, Broadband Services
Forum, TIA, United States Telecom Association, and Isocore. As of March 20,
2006, Redback Networks had a customer base of approximately 500 carriers and
service providers, including local exchange carriers, inter-exchange carriers,
post, telephone and telegraph, and service providers. It sells its products
through direct sales force, resellers, and distribution partners. The company
was founded in 1996 and is headquartered in San Jose, California.
Shares were up 10% after announcing it has won the second phase of a broadband
network upgrade with largest provincial carrier in China.
BellwetherReport.com is a leading online research firm for international
investors looking to get an edge over their portfolio. Investors seeking the
most up to date information on Redback Networks Inc are invited to sign up for a
free complimentary subscription to www.bellwetherreport.com. No credit card
needed!
Redback Networks Inc. , a leading provider of multi-service edge routers for
next generation broadband networks, announced it has won the second phase of a
broadband network upgrade with largest provincial carrier in China. Guangdong
Telecom will use Redback's SmartEdge family of multi-service edge routers to
deliver broadband internet, IPTV and virtual private network (VPN) services for
up to four million homes and businesses.
Today's announcement is one of the largest network upgrades that Redback will
help manage in China. Guangdong Telecom is the largest independently run
provincial carrier of China Telecom, which has an estimated 50+ million
customers. Guangdong Telecom contributes one-quarter of China Telecom's revenues
and one-third of China Telecom's profit. Guangdong Telecom is planning to grow
the broadband business more aggressively and double the number of broadband
subscribers in the next one or two years.
More information on Redback Networks Inc available in the members section of
www.BellwetherReport.com.
To review research on Redback Networks Inc as well as many more exciting
articles we encourage you to visit www.bellwetherreport.com. You can find these
reports under the "Today's Articles" section. No credit Card Needed!!
The Bellwether Report will continue to research the small cap markets to bring
you exciting opportunities!! If you are interested in receiving more information
on these small cap opportunities and other features of our site, feel free to
sign up for a complimentary subscription to the #1 online investment tool
www.bellwetherreport.com.
Companies looking to advertise with Bellwether Report should email
jlee@bellwetherreport.com with the subject line (Advertising).
Information has been gathered from sources such as www.Hoovers.com,
www.yahoo.com, www.associatedpress.com, www.marketwire.com, www.businesswire.com
and other public resources.
All material herein was prepared by the Bellwetherreport.com, (Bellwether) based
upon information believed to be reliable. The information contained herein is
not guaranteed by Bellwether to be accurate, and should not be considered to be
all-inclusive. The companies that are discussed in this opinion have not
approved the statements made in this opinion. This opinion contains
forward-looking statements that involve risks and uncertainties. This material
is for informational purposes only and should not be construed as an offer or
solicitation of an offer to buy or sell securities. Bellwether is not a licensed
broker, broker dealer, market maker, investment banker, investment advisor,
analyst or underwriter. Please consult a broker before purchasing or selling any
securities viewed on or mentioned herein. Bellwether may receive compensation in
cash or shares from independent third parties or from the companies mentioned.
Bellwether's affiliates, officers, directors and employees may also have bought
or may buy the shares discussed in this opinion and may profit in the event
those shares rise in value.
Bellwether will not advise as to when it decides to sell and does not and will
not offer any opinion as to when others should sell; each investor must make
that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words such as "may",
"future", "plan" or "planned", "will" or "should", "expected," "anticipates",
"draft", "eventually" or "projected". You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected in
the forward-looking statements, including the risks that actual results may
differ materially from those projected in the forward-looking statements as a
result of various factors, and other risks identified in a companies' annual
report on Form 10-K or 10-KSB and other filings made by such company with the
Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements
included herein, and not place undue reliance on such statements. The
forward-looking statements in this release are made as of the date hereof and
Bellwether undertakes no obligation to update such statements.
M2 Communications Ltd disclaims all liability for information provided within M2
PressWIRE. Data supplied by named party/parties. Further information on M2
PressWIRE can be obtained at http://www.presswire.net on the world wide web.
Inquiries to info@m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
AKAM is up $1.50 and UP over 3% today too!!!...
RBAK is UP over $1.85 and UP over 11.5% today!!!...
RBAK is UP over a DOLLAR in pre-market this a.m....
Good Morning! MOMO-Players...
U.S. weekly jobless claims down sharply after big runup:
By Greg Robb
Last Update: 8:30 AM ET Dec 7, 2006
http://tinyurl.com/yfygl2
WASHINGTON (MarketWatch) - The number of new filings for state unemployment benefits declined sharply in the latest week, reversing a large increase in the previous week, the Labor Department said Thursday.
Initial jobless claims fell by 34,000 to 324,000 in the week ended Dec. 2. The drop was in line with economists forecasts.
Claims rose a revised 35,000 to 358,000 in the previous week, compared with the initial estimate of a rise of 34,000 to 357,000. This was the highest level of claims in over a year.
The volatility in claims is typical around holidays, a Labor Department official said.
The four-week average of initial claims, which smoothes out weekly noise and distortions in the data, rose 3,500 to 328,750. This is the highest level since May.
The number of people collecting state unemployment benefits over the past four weeks rose by 57,000 to 2.52 million in the week ended Nov. 25. This is the highest level since January.
Subject: Ole Counts
Lena was in bed with her lover, Sven, when she heard Ole's key in the
door.
"Stay where you are," she said. "He's so drunk he won't even notice
you're in bed with me."
Sure enough, Ole lurched into bed none the wiser, but a few minutes
later,through a drunken haze, he saw six feet sticking out at the end of
the bed.
He turned to Lena: "Hey, der are six feet in dis bed. Der shud only be
four.
What's going on?"
"Nonsense," said Lena, "You're so drunk you miscounted. Get out of
bed and try again. "You can see better from over there."
Ole climbed out of bed and counted. "One, too, tree, four. Damn,
you're right."
'AKAM' - (CCA Changes EPS Estimate of AKAMAI TECHNOLOGIES INC)
Dec 06, 2006 (Nelson's Broker Summaries via COMTEX) --
Company: AKAMAI TECHNOLOGIES INC
Report Headline: "Morning Call"
Report Date: December 04, 2006
Current FY EPS Estimate [FY2006]: 0.87
Previous EPS Estimate for Current FY [FY2006]: 0.87
Current Quarter EPS Estimate [Q4]: 0.26
Previous EPS Estimate for Current Quarter [Q4]: 0.26
Next FY EPS Estimate [FY2007]: 1.18
Previous EPS Estimate for Next FY [FY2007]: 1.18
Current Recommendation: OUTPERFORM
Research Firm: CCA
Analyst: RESEARCH COWEN
Industry: TECHNOL/SOFTWARE
Estimates reported in USD
http://www.thomsonfinancial.com
Copyright 2006, Nelson Information, a Thomson Financial company
'AKAM' - (CCA Changes EPS Estimate of AKAMAI TECHNOLOGIES INC)
Dec 06, 2006 (Nelson's Broker Summaries via COMTEX) --
Company: AKAMAI TECHNOLOGIES INC
Report Headline: "Morning Call"
Report Date: December 04, 2006
Current FY EPS Estimate [FY2006]: 0.87
Previous EPS Estimate for Current FY [FY2006]: 0.87
Current Quarter EPS Estimate [Q4]: 0.26
Previous EPS Estimate for Current Quarter [Q4]: 0.26
Next FY EPS Estimate [FY2007]: 1.18
Previous EPS Estimate for Next FY [FY2007]: 1.18
Current Recommendation: OUTPERFORM
Research Firm: CCA
Analyst: RESEARCH COWEN
Industry: TECHNOL/SOFTWARE
Estimates reported in USD
http://www.thomsonfinancial.com
Copyright 2006, Nelson Information, a Thomson Financial company
'AKAM' - (AKAMAI TECHNOLOGIES INC Consensus Recommendation: BUY)
Dec 06, 2006 (Nelson's Broker Summaries via COMTEX) --
Company: AKAMAI TECHNOLOGIES INC
Consensus Recommendation: BUY
(Strong Buy: 3, Buy: 8, Hold: 7, Underperform: 0, Sell: 0)
Quarter Consensus Estimate [Q4]: 0.26
FY Consensus Estimate [FY2006]: 0.87
Next FY Consensus Estimate [FY2007]: 1.20
Industry: TECHNOL/SOFTWARE
Estimates reported in USD
http://www.thomsonfinancial.com
Copyright 2006, Nelson Information, a Thomson Financial company
'AKAM' - (AKAMAI TECHNOLOGIES INC Consensus Recommendation: BUY)
Dec 06, 2006 (Nelson's Broker Summaries via COMTEX) --
Company: AKAMAI TECHNOLOGIES INC
Consensus Recommendation: BUY
(Strong Buy: 3, Buy: 8, Hold: 7, Underperform: 0, Sell: 0)
Quarter Consensus Estimate [Q4]: 0.26
FY Consensus Estimate [FY2006]: 0.87
Next FY Consensus Estimate [FY2007]: 1.20
Industry: TECHNOL/SOFTWARE
Estimates reported in USD
http://www.thomsonfinancial.com
Copyright 2006, Nelson Information, a Thomson Financial company
YHOO CEO-Terry Semel is on CNBC right now...
And he says: "I'm not going ANYWHERE...
It's an exciting time at YHOO and I plan to be here to see it through"...
Well just have to see about THAT...LOL!!!...
Yahoo's reorganization fails to impress; shares fall:
CFO Decker to switch jobs, report directly to CEO Semel; COO to leave...
By Ben Charny & Bambi Francisco, MarketWatch
Last Update: 4:06 PM ET Dec 6, 2006
http://tinyurl.com/ygmzt2
SAN FRANCISCO (MarketWatch) -- Yahoo Inc. is revamping its operations and reshuffling its executive ranks as the Internet giant struggles amid stiff competition from Google Inc., but the moves fell short of what some on Wall Street had hoped for and its shares fell on Wednesday.
"We view this development as mixed," wrote Citigroup analyst Mark Mahaney, who rates Yahoo stock as a buy.
The shares (YHOO) , which have fallen 30% this year, slipped another 2% to close at $26.86
Yahoo said it's reorganizing into three units, one focused on building its Internet audience, one that will deal with advertisers and publishers, and a third group that will develop technology and products for the other two units.
The moves, announced Tuesday evening, include the departures of Chief Operating Officer Dan Rosensweig and Lloyd Braun, head of Yahoo's media content group. Braun was brought to Yahoo from Hollywood by Chief Executive Terry Semel to create original news and entertainment content.
Susan Decker, who has served as Yahoo chief financial officer since 2000, will become head of the company's advertiser and publisher group, giving her control over nearly all of the company's revenue-generating businesses. Some analysts see her ascension as a possible prelude to being named CEO.
Growth at Yahoo, which for years has owned the most-visited group of Web sites, has been eclipsed by Google, which has come to dominate the lucrative business of selling online ads alongside Internet search results.
Critics:
Yahoo has grown unwieldy and bureaucratic, critics inside and outside the company have charged, and its offerings in the fast-growing segment of social networking sites have been outpaced by upstarts such as MySpace, now a unit of News Corp., and YouTube, acquired by Google (GOOG) earlier this year.
Giving more responsibility to Decker, who's well-regarded on Wall Street, and the departure of Rosensweig, who will leave at the end of March, may help Semel deflect calls by some for change at the top.
The moves are "very likely a necessary step that carries the potential for improved operational efficiencies at the company," Mahaney wrote in a note to clients.
Yahoo will begin a search for a new CFO to replace Decker and for an executive to head the Audience Group. The Technology Group will be led by Farzad Nazem, Chief Technology Officer at Yahoo since 1998. The heads of all three groups will report directly to Semel.
Still, the company is in for a tough fight to regain its footing against Google, it's chief rival.
Yahoo's sales for the third quarter ended in September rose 20% to $1.12 billion, falling short of its initial forecast on weaker-than-expected online ad sales. By contrast, Google's third-quarter sales rose 70% to $2.69 billion, and its shares have climbed almost 20% this year.
Decker will continue to oversee Yahoo's Marketplaces business unit as part of the Advertiser & Publisher Group, which will focus on the "transformation of how advertisers connect with their target customers across the Internet."
Yahoo said it expects to complete the reorganization by the end of the first quarter, with the leadership changes to be effective Jan. 1. Decker will continue to serve as CFO while the company looks for a successor.
Semel said Yahoo plans to drive growth and profitability by creating "a full-fledged advertising network, with a marketplace that meets supply and demand both on Yahoo's valuable owned-and-operated network and across the entire Internet."
Last month, in its third-quarter financial report, Yahoo noted that its offerings to users and businesses fell into four categories: search, marketplace, information and entertainment; and communications and connected life.
Frustrations:
Frustrations at Yahoo were recently made clear in a memo written by Yahoo senior vice president Brad Garlinghouse in November and circulated to key executives.
In the so-called "Peanut Butter Manifesto," Garlinghouse claimed Yahoo had a bloated management structure with little room for accountability and had spread its investments too thinly - like peanut butter across bread -- to be competitive.
Yahoo's business endeavors range from email to Internet search to online dating services and digital music.
"Change is needed, and it's needed soon," Garlinghouse wrote in the memo.
An afternoon meeting of the leadership of the media group that Braun oversees is planned for Wednesday, according to a person familiar with the situation. Among other efforts, Braun was able to get Yahoo to contribute original content to enhance its aggregated content.
Industry observers have said that Vince Broady or Scott Moore, who have reported to Braun, could be picked to take over for him. Earlier this year, Yahoo brought in GameSpot founder Broady to head the games and entertainment. Moore runs news, finance, technology, sports and lifestyle.
"Over the last two years, the Yahoo Media Group has developed and launched a ground-breaking template for the next generation of media experiences on the Internet," Braun said in a statement. "There is much more to come in the months ahead. I am proud to have led this team of extraordinary professionals, and I wish Yahoo the greatest success in the future."
Ben Charny is a MarketWatch reporter based in San Francisco.
Poor, poor YHOO..."woof-woof"...lol