Tag Archives: Yahoo Inc

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Yahoo! to Hold First Quarter 2013 Earnings Conference Call April 16, 2013

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By Business Wirevia The Motley Fool

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Yahoo! to Hold First Quarter 2013 Earnings Conference Call April 16, 2013

SUNNYVALE, Calif.–(BUSINESS WIRE)– Yahoo! Inc. (NAS: YHOO) will host a conference call to discuss the company’s financial results for the first quarter ended March 31, 2013.

WHEN: Tuesday, April 16 at 2:00 p.m. Pacific/5:00 p.m. Eastern

WHERE: The live webcast of Yahoo!’s Q1 earnings call can be accessed at http://investor.yahoo.com. The webcast will be archived within 24 hours of the event and will be available through the same link for 90 days following the call.

About Yahoo!

Yahoo! is focused on making the world’s daily habits inspiring and entertaining. By creating highly personalized experiences for our users, we keep people connected to what matters most to them, across devices and around the world. In turn, we create value for advertisers by connecting them with the audiences that build their businesses. Yahoo! is headquartered in Sunnyvale, Calif., and has offices located throughout the Americas, Asia Pacific (APAC) and the Europe, Middle East and Africa (EMEA) regions. For more information, visit the pressroom (pressroom.yahoo.net) or the company’s blog (yodel.yahoo.com).

Yahoo! is the trademark and/or registered trademark of Yahoo! Inc.

Yahoo! Inc.
Media Relations
Sara Gorman, 408-349-4040
media@yahoo-inc.com
or
Investor Relations
408-349-3382
investorrelations@yahoo-inc.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Yahoo! to Hold First Quarter 2013 Earnings Conference Call April 16, 2013 originally appeared on Fool.com.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Yahoo Buys Startup Run By 17-Year-Old Entrepreneur

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By The Associated Press

yahoo summly acquisition Nick D'Aloisio

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Nadine Rupp/Getty Images Nick D’Aloisio, founder of Summly, speaks last year at a technology conference in Munich, Germany. Internet-search giant Yahoo agreed Monday to acquire Summly for an undisclosed sum.

LONDON — One of Britain’s youngest Internet entrepreneurs has hit the jackpot after selling his top-selling mobile application Summly to search giant Yahoo.

Seventeen-year-old Nick d’Aloisio, who dreamed up the idea for the content-shortening program when he was studying for his exams, said he was surprised by the deal. As with its other recent acquisitions, Yahoo Inc. (YHOO) didn’t disclose how much it is paying for Summly, although British newspapers suggested the deal’s value at several million dollars.

“I would have never imagined being in this position so suddenly,” he wrote on his website, before thanking his family, his school — and his venture capitalist backer Li Ka-Shing — for supporting him.

Summly works by condensing content so readers can scroll through more information more quickly — useful for the small screens of smartphones.

Sponsored Linksadsonar_placementId=1505951;adsonar_pid=1990767;adsonar_ps=-1;adsonar_zw=242;adsonar_zh=252;adsonar_jv=’ads.tw.adsonar.com’;

The deal announced Monday is Yahoo’s fifth small acquisition in the past five months. All of them have been part of CEO Marissa Mayer’s effort to attract more engineers with expertise in building services for smartphones and tablet computers, an increasingly important area of technology that she believes the Internet company had been neglecting.

Although the Yahoo acquisition won’t close until later this spring, D’Aloisio said the Summly will no longer be available. Summly’s technology will return in other Yahoo products, he said.

D’Aloisio will work for Yahoo in its London office — in part so that he can complete his high school exams. Two other Summly workers will join Yahoo at its Sunnyvale, California, headquarters.

D’Aloisio is younger than Yahoo, which was incorporated in March 1995.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Douglas M. Baker, Jr. and Henrique De Castro Elected to Target Corporation's Board of Directors

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By Business Wirevia The Motley Fool

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Douglas M. Baker, Jr. and Henrique De Castro Elected to Target Corporation’s Board of Directors

MINNEAPOLIS–(BUSINESS WIRE)– Target Corporation (NYS: TGT) announced today that Douglas M. Baker, Jr., Chairman and CEO of Ecolab Inc. (NYS: ECL) , and Henrique De Castro, Chief Operating Officer of Yahoo! Inc. (NAS: YHOO) have been elected to its Board of Directors, effective immediately.

Baker, 54, is a 24-year veteran at Ecolab, headquartered in St. Paul, Minn. Prior to being named President and Chief Executive Officer in July 2004, Mr. Baker held key roles in marketing, sales and general management in both the U.S. and Europe. He became Chairman of the Board in May 2006.

Mr. De Castro, 47, joined Yahoo! as Chief Operating Officer in November 2012. For the prior seven years, he held various senior leadership positions at Google Inc., including global roles in media, mobile and platforms, partner business, strategy and sales. He also previously led teams at Dell and McKinsey & Company in Europe.

“We’re very pleased to welcome Doug and Henrique to our Board,” said Gregg Steinhafel, Chairman, President and Chief Executive Officer of Target Corporation. “As Target continues to explore and seize profitable new opportunities in a rapidly-changing environment, we expect to benefit greatly from their organizational, operational and strategic insight, their significant global experience and perspective, and their unique leadership and digital expertise.”

About Target

Minneapolis-based Target Corporation (NYS: TGT) serves guests at 1,787 stores – 1,784 in the United States and three in Canada — and at Target.com. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $4 million a week. For more information about Target’s commitment to corporate responsibility, visit Target.com/corporateresponsibility.

For more information, visit Target.com/Pressroom.

Target Corporation
John Hulbert, Financial Community, 612-761-6627
or
Stacey Wempen, Financial Media, 612-761-6785
or
Target Media Hotline, 612-696-3400

KEYWORDS:   United States  North America  Minnesota

INDUSTRY KEYWORDS:

The article Douglas M. Baker, Jr. and Henrique De Castro Elected to Target Corporation’s Board of Directors originally appeared on Fool.com.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Secondary Offering Doesn't Outweigh Cash for Russian Search Engine

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By 24/7 Wall St.

global network concept

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Russia’s largest search engine, Yandex N.V. (NASDAQ: YNDX), announced a secondary offering of more than 24 million shares after markets closed last night, and the stock promptly fell 8%. But all is forgiven this morning.

The offering included only shares from some of the company’s largest shareholders, and Yandex did not share in the proceeds. The share price slide failed to take into account Yandex’s cash hoard of nearly $1 billion, which several analysts were quick to point out. At least one analyst thinks that Yandex will use some of that cash for a special dividend.

Yandex stock is essentially flat to its price of a year ago, while shares of Yahoo! Inc. (NASDAQ: YHOO) are up 53% and Google Inc. (NASDAQ: GOOG) shares are 30% higher. Only China’s Baidu Inc. (NASDAQ: BIDU) of the major search engines/portals is down. As of mid-February, Yandex searches outnumbered searches on Bing, the search engine from Microsoft Corp. (NASDAQ: MSFT), and the Russian service became the world’s fourth largest search provider.

The price target for Yandex is around $31 and shares are trading at $23.52 in the first half hour this morning, after last night’s nosedive. The 52-week range on the stock is $16.65 to $28.14.

Filed under: 24/7 Wall St. Wire, International Markets, Internet, Secondary Offering Tagged: BIDU, GOOG, MSFT, YHOO, YNDX

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Notable ETF Outflow Detected – IYW, HPQ, YHOO, CTSH

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By ETFChannel.com

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Dow Jones U.S. Technology Sector Index Fund (AMEX: IYW) where we have detected an approximate $14.7 million dollar outflow — that’s a 0.8% decrease week over week (from 25,450,000 to 25,250,000). Among the largest underlying components of IYW, in trading today Hewlett-Packard Co (NYSE: HPQ) is off about 0.2%, Yahoo! Inc. (NASD: YHOO) is down about 1%, and Cognizant Technology Solutions Corp. (NASD: CTSH) is lower by about 1.8%. For a complete list of holdings, visit the IYW Holdings page » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

In Facebook Redesign, a Hope for Other Big Websites

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By 24/7 Wall St.

Facebook-F-logo

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If Facebook Inc.’s (NASDAQ: FB) redesign succeeds at improving user engagement and marketing dollars, it will provide an benchmark for other large websites, even if they are not social media destinations. The Facebook changes are simple and fundamental. They could be copied, at least for the most part, if Facebook’s work succeeds.

As it released the new program, Facebook’s management wrote:

Today we’re announcing a new version of Facebook designed to reduce clutter and focus more on stories from the people you care about. You see all the stories you saw in your News Feed before, but with a fresh new look. We’ve completely rebuilt each story to be much more vibrant and colorful and highlight the content that your friends are sharing. Photos, news articles, maps and events all look brighter and more beautiful.

Aside from that broad description, Facebook management noted that the site would appear the same way on mobile, tablet and Web platforms, which is not something many large websites can claim. Generally, developers set different designs and features meant to exploit the environment for each platform. Perhaps that improves the users’ experience in some ways, but it also shows a certain schism in how the Web properties are presented by their owners and creators. What is familiar on one platform is not on all others.

The results of the Facebook initiative may take several months to access. However, it is certain that Facebook did a great deal of research among its members before the initiative was launched to gain as positive a reaction as possible.

Most of the features of the new Facebook pages, and new News Feed, could be replicated by portals and news and information sites. That is the beauty of benchmarking. Sites from Yahoo! Inc. (NASDAQ: YHOO) to CNN to The New York Times Co. (NYSE: NYT) could latch on to the industry leader’s success and share in the benefits. That is, of course, if Facebook’s gamble works.

Filed under: 24/7 Wall St. Wire, Internet Tagged: FB

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Top Analyst Upgrades and Downgrades (MITT, A, ALTR, APOL, CLF, CBRL, EVEP, FLO, HIIQ, MTG, NFLX, YHOO)

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By 24/7 Wall St.

Bull and Bear

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These are some of this Tuesday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls.

A.G. Mortgage Investment Trust (NYSE: MITT) started as Neutral at Credit Suisse.

Agilent Technologies Inc. (NYSE: A) started as Outperform with $48 target at Credit Suisse.

Altera Corp. (NASDAQ: ALTR) named bear of the day due to weakening demand for its products and increased competition at Zacks Investment Research.

Apollo Group Inc. (NASDAQ: APOL) raised to Hold at Deutsche Bank.

Cliffs Natural Resources Inc. (NYSE: CLF) cut to Market Perform at BMO.

Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) reiterated Buy and raised price target by $10 to $88 at Argus.

EV Energy Partners L.P. (NASDAQ: EVEP) raised to Outperform with $57 target at Credit Suisse.

Flowers Foods Inc. (NYSE: FLO) named Bull of the Day because of growing market share and expanding margins at Zacks Investment Research.

Health Insurance Innovations Inc. (NASDAQ: HIIQ) started as Outperform with $17 price target at Credit Suisse.

MGIC Investment Corp. (NYSE: MTG) raised to Overweight from Underweight at Barclays.

Netflix Inc. (NASDAQ: NFLX) started as Outperform at RBC.

Yahoo! Inc. (NASDAQ: YHOO) raised to Buy at Cantor Fitzgerald.

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: A, ALTR, APOL, CBRL, CLF, EVEP, FLO, HIIQ, MITT, MTG, NFLX, YHOO

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Can Old Media Beat New Media in Ad War?

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By 24/7 Wall St.

thumbs up

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The conventional wisdom is that old media online content gets trumped every time by new media properties, at least when it comes to ad revenue. This does not have to be the case, based on the number of people who visit old media websites.

New media, which did not spring from print or broadcast properties, do have an edge as far as total audience is concerned. ComScore reports that in January, Yahoo! Inc. (NASDAQ: YHOO) sites had 186.6 million unique visitors. AOL Inc. (NYSE: AOL) had 111.3 million. Microsoft Corp. (NASDAQ: MSFT) sites, mostly MSN, had 169.7 million.

In aggregate, old media online does very well in audience reach. CBS Corp. (NYSE: CBS) sites had 82.8 million unique visitors in January. Turner, a part of Time Warner Inc. (NYSE: TWX), had 79.5 million. NBC Universal, part of Comcast Corp. (NASDAQ: CMCSA) had 71 million. Viacom Inc. (NASDAQ: VIAB) had 69.7 million. Gannett Co. Inc. (NYSE: GCI) had 50 million. Hearst had 43.1 million. The Top 50 sites by U.S audience also included Meredith Corp. (NYSE: MDP), which probably will combine with Time Inc., The New York Times Co. (NYSE: NYT) properties, Fox Digital and The Tribune online properties.

All of this is a long way of showing that old media has extraordinary reach online, and that as traditional media outlets fail to produce the level of revenue they once did, or are no longer growing as quickly, online revenue has a chance to do better for these companies than it does.

The New York Times reported as part of its fourth-quarter results:

Digital advertising revenues as a percentage of total Company advertising revenues were 24.7 percent in the fourth quarter of 2012 compared with 22.7 percent in the fourth quarter of 2011. For the full year, digital advertising revenues as a percentage of total Company advertising revenues were 23.9 percent in 2012 compared with 22.5 percent in 2011.

Given that the Times had 33.6 million unique visitors online in January, which dwarfs the circulation of the company’s properties, the online revenue production is pathetic. The Times will continue to have to cut editorial staff and production costs to remain financially viable. Digital ad growth is too slow to cover the expense needs of the company.

Time Inc., another firm that produces content among the most well-regarded on the Web, will nearly disappear into Meredith, largely because it could not unlock Internet revenue.

Why is new media in such a struggle with old media companies? There is no one answer. Perhaps management has not put enough pressure on sales staffs to press online ad sales. Perhaps the companies have not been adroit enough to create content online that is of as high a quality as their traditional content. Whatever the reasons, it is not a lack of audience.

Filed under: 24/7 Wall St. Wire, Internet, Media, Old Media Tagged: AOL, CBS, CMCSA, featured, GCI, MDP, MSFT, NYT, TWX, VIA-B, YHOO

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Yahoo! Workers Ordered to Report for Duty

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By 24/7 Wall St.

Digital Piracy

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For some reason, investors and the rest of the world are fascinated by the decision of Yahoo! Inc. (NASDAQ: YHOO) management to halt the ability of people to work from remote offices. Now, all the Yahooligans will need to show up at the firm’s offices.

Some observers believe that employees will quit, particularly valuable ones. Other experts think that some workers are more productive outside a formal environment.

According to The New York Times:

A memo explaining the policy change, from the company’s human resources department, says face-to-face interaction among employees fosters a more collaborative culture – a hallmark of Google’s approach to its business.

In trying to get back on track, Yahoo is taking on one of the country’s biggest workplace issues: whether the ability to work from home, and other flexible arrangements, leads to greater productivity or inhibits innovation and collaboration. Across the country, companies like Aetna, Booz Allen Hamilton and Zappos.com are confronting these trade-offs as they compete to attract and retain the best employees.

Filed under: 24/7 Wall St. Wire, Internet, Labor, Technology Companies Tagged: YHOO

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Making Search Results Pay

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By 24/7 Wall St.

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Everyone knows that if a company or product shows up on the first page of results from a search engine query, the chances that the company or product will get noticed, or even better get a click, go way up. But how far up can a company expect to go?

According to the latest data from Experian Marketing Services, the top five sites capturing search activity are Facebook Inc. (NASDAQ: FB), with about 8.5% of clicks, Google Inc.’s (NASDAQ: GOOG) YouTube, 5.6% of clicks, Yahoo! Inc. (NASDAQ: YHOO) with 2.6%, Wikipedia with 2%, and Amazon.com Inc. (NASDAQ: AMZN) with 1.4% of clicks. These top 5 account for 20% of all search activity and the top 500 sites account for about 50% of all search activity.

The results for paid search are similar: the top 5 sites get 16% of the clicks and the top 50 sites get 56%. The top site is Amazon.com with 4.2% of clicks, followed by Ebay Inc. (NASDAQ: EBAY), Demand Media Inc.’s (NYSE: DMD) eHow, Best Buy Co. Inc. (NYSE: BBY), and Yahoo! Shopping.

Google serviced about 3 billion searches a day in 2011, which means that Facebook gleaned about 255 million clicks every day from Google searches. Even at a 1% rate, that’s 3 million clicks a day. Amazon is paying for around 126 million clicks a day, given its 4.2% activity rate.

Even at click-through rates that are lower than 1%, the top sites get a lot of traffic from searches, free and paid. Big changes at the top are not likely.

Filed under: 24/7 Wall St. Wire, Internet, Research Tagged: AMZN, BBY, DMD, EBAY, FB, GOOG, YHOO

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Yelp Faces Less Enthusiasm on Its Model and Growth

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By 24/7 Wall St.

Laptop tablet and smartphone

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Yelp Inc. (NYSE: YELP) may be petering out, or so it looks like after its earnings report. The news is ahead of the Graph Search that is coming from Facebook Inc. (NASDAQ: FB) and that may only compound some of the fears ahead. We like the idea of the company, but there needs to be more for investors by our read.

After taking a look at the earnings report, there just does not really seem to be that much meat for the lions (or bulls) to chase. Its $0.08 loss per share was far narrower than the $0.56 loss a year earlier, and it looks even better at -$0.06 per share after excluding one-time items. Revenue grew handily by about 65% to $41.2 million. Yelp’s EBITDA came to $1.8 million in the quarter.

Yelp’s local sales were up 87% to $33.9 million, and other revenues were up almost 30% to $2.2 million. Where sales were flat was in the brand revenues at about $5 million.

Yelp is now serving about 20 countries and its mobile apps services are expanding. The issue is that its sales and marketing efforts drove costs up at almost 60% growth on that effort, while development costs nearly doubled and administrative costs were up almost 50%. Yelp’s year-end cash balance was about $95 million.

What is of concern to us is that investors endorsed Yelp in the social media IPO waves, but its valuation remains high. At $1.34 billion in market cap, we wonder why Wall St. or Main Street have allowed a company that is losing money to remain so high.

Zacks has a different read, yet their end result is partly an echo of what we are observing. It has a Hold rating and said:

We believe that mobile presents a significant monetization opportunity for Yelp and the partnerships with Apple Inc. (NASDAQ: AAPL) and Microsoft Corporation (NASDAQ: MSFT) will boost top-line growth from this segment over the long term. However, increasing investments and competition from Yahoo! Inc. (NASDAQ: YHOO) are expected to drag profitability in the near term. As Yelp continues to explore and expand into new markets, sales & marketing expenditure is expected to increase significantly, thereby hurting margins going forward.

We would also note that Cantor Fitzgerald maintained its Buy rating and raised its price target to $27 from $24, and J.P. Morgan was positive as well.

We have strived to show both sides of the coin here. The market-voting coin is tails, as the stock is down 5% at $21.25, against a 52-week range of $14.10 to $31.96. Others are still favorable, while we wonder how great the prospects are. Our caution is hinged around our desire to see real earnings rather than just expanding its footprint with the hope that booming profits follow.

Filed under: 24/7 Wall St. Wire, Earnings, Internet, Technology, Technology Companies Tagged: FB, Yelp

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Source: FULL ARTICLE at DailyFinance

News, Politics, Government

Dan Loeb Trims Yahoo! Stake as Stock Price Reaches 3-Year High

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By GuruFocus, Contributor Daniel Loeb reduced his position in largest holding Yahoo Inc. (YHOO) by 15.07% on Feb. 1, 2012, according to GuruFocus Real Time Picks. After the sale, he owns 62,000,000 shares. The founder of hedge fund Third Point LLC began building his 6.17% Yahoo stake in the third quarter of 2011 when the price averaged about $14 per share. Loeb chose to trim the position after a strong rally in the stock, implying he may believe its current three-year high share price is near its intrinsic value.
Source: FULL ARTICLE at Forbes Latest

Business, Finance, Occupation & Industry

Facebook Not Growing Much Faster Than Google

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By 24/7 Wall St.

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GoogleLogoThe market barely reacted to news that Facebook Inc.’s (NASDAQ: FB) revenue spiked higher by 40% to $1.585 billion in the fourth quarter of last year, as compared to the same quarter of the previous year. That could be because the Internet’s next big engine of growth did not post growth much better than the Internet’s last big engine of growth — Google. Set side by side with Google, Facebook’s revenue expansion is not extraordinary at all.

Google Inc.’s (NASDAQ: GOOG) growth rate in the fourth quarter was 36%. And the revenue posted in that quarter was $14.42 billion, which makes Facebook’s revenue look very small. Google’s net income from that revenue was $2.89 billion. Facebook’s net for the same period was $64 million.

Supporters of Facebook’s nearly $68 billion market cap claim that the social network has only started to reach its stride. They would argue some proof of that is growth of mobile ad revenue to 23% of advertising revenue in the fourth quarter, up from 14% in the third quarter. However, Facebook did not remark on whether it charged more or less for mobile ads than those run on traditional platforms like personal computers.

One of the marks that Google has become the Web’s current powerhouse is that its growth for more than a decade caused its revenue and market value to blow past the previous generation of Web giants — Yahoo! Inc. (NASDAQ: YHOO), AOL Inc. (NYSE: AOL) and the online properties of Microsoft Corp. (NASDAQ: MSFT). Google today has more revenue than all of those combined, and much, much greater profits.

At a 40% growth rate, it would take decades for Facebook to reach the revenues Google will have, even if Google’s percentage increase in sales slows somewhat. Facebook is not the next Google, and that by itself justifies whatever doubts Wall St. has about its valuation going forward.

Filed under: 24/7 Wall St. Wire, Earnings, Internet Tagged: FB, featured, GOOG, MSFT, YHOO

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Source: FULL ARTICLE at DailyFinance