 |
|
Recent Articles |
Rumor: Microsoft Buying A Stake In Facebook?
Is Microsoft shopping for a social network? The Wall Street Journal reports today that Microsoft may be purchasing as much as a 5% stake in Facebook, a...
Seeing Through The Bearishness About 'Hyperlocal'
Whether it's just cyclical investing fads, journalistic boredom, or recent business failures of startups like Backfence, I'm noticing a strange lack of enthusiasm for local and so-called "hyperlocal" online content and...
ROI Of Online Vs Offline Investments
I am sure I have made similar posts before, but I live in an 8 unit townhome, and just down the street they are hauling away part of a mountain to make room...
How The Value of Stocks Are Influenced
A stocks value can change at any given moment, depending on market conditions,investor perceptions, or
a number of other issues. When investors pour money into a company's stock, they do so because they...
Personal Finance - Investing In Your Future
Investing to a lot of people is comparable to going to the doctor, you know you should but it's kind of scary, so you put it off. Does that sound familiar at all?
Stock Market Wisdom From Humpty Dumpty
Humpty Dumpty sat on a wall; Humpty Dumpty had a great fall. All the King's horses And all the King's men Couldn't put Humpty together again! You know this...
|
|
09.28.07
Yahoo Moving On Up The Stock Charts
 By
David A. Utter
Yahoo's stock lay down like an overheated hound at the end of the dog days of August. Don't look now, but they are bouncing back.
Can't see nothin' in front of me
Can't see nothin' coming up behind
I make my way through this darkness
I can't feel nothing but this chain that binds me
-- The Boss doing, what else, The Rising
It may be too soon to call it a return to Internet glory, but Yahoo's recent rise in its fortunes has been glorious. Yesterday's close of $26.28 represented a 16.7 percent gain over the past month.
That period included a low of $22.52, Yahoo's price on August 28. After drifting up and down through early September, Yahoo has been gaining nicely through the rest of the month to date.
Forbes cited several reasons contributing to the rise (The rise! Think of it!) of Yahoo:
Yahoo! has benefited from a confluence of events: new partnership deals, value investors looking for bargain-priced stocks and persistent rumors that the company is a takeover candidate.
Investors with an eye on the distant horizon were pleased to see Yahoo! announce a string of advertising-related deals: It bought ad networks Blue Lithium and Right Media, and it struck a new advertising arrangement with social networking company Bebo.
Forbes also cited a slowing tide of executives exiting from Yahoo as a sign of stability. But Yahoo did see a very recent executive departure in early September.
Other important folks below the corporate level have been departing. Valleywag noted the departure of two co-founders of Yahoo Pipes. One of them opted to join Google, and that can't be a great sign for Yahoo's idea incubator, Brickhouse.
Maybe it is just the return of takeover chatter, but it would be good for the Internet at large if Yahoo's fortunes continue to rise. Competition between the major Internet players makes for much better products and services from those companies for their users.
About the Author:
David Utter is a staff writer for WebProNews covering technology and business.
|
