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Wall Street stumped, surprised by Internet Cos

Kevin Kelleher, Sunday, April 29, 2007 at 12:00 AM PT Comments (14)

ANALYSIS (Q1 2007 Earnings Season): Internet companies are playing a game of stump the analysts. And they’re winning.
For the second straight quarter, the research desks on Wall Street have significantly and pretty consistently fallen short in their earnings estimates.
This is no small matter for analysts. Their job is to query the company, talk to its [...]

Steve Jobs, saved by the rising stock

Kevin Kelleher, Thursday, April 26, 2007 at 3:00 AM PT Comments (19)

Thursday will mark a red-letter day for Apple: For the first time its stock will rise above $100 a share, a tenfold increase in a little more than three years. Think about that: If Google had risen that much since its IPO, it would be trading at $850.
Apple’s stock was trading at $102 in aftermarket [...]

Don’t Blame Panama: The Real Threat Facing Yahoo

Kevin Kelleher, Wednesday, April 18, 2007 at 3:59 AM PT Comments (7)

Taking a look at Yahoo’s first quarter number, one word comes to mind: heedless.
Not “heedless”, as in Yahoo executives who led the Street on until it believed that, thanks to its vaunted Panama search technology, revenue and profits would surge in the first quarter of 2007. Or even “heedless”, as in investors who had gotten [...]

What’s Weighing Down Google’s Stock?

Kevin Kelleher, Friday, April 13, 2007 at 5:00 AM PT Comments (20)

A funny thing is happening to Google on the way to near-certain immortality. Its stock, it seems, is as fallible as any other.
Consider the year-by-year appreciation of Google’s stock price:

2004: Up 126.8%, from the offering price of $85 to $192.79.
2005: Up 115.2% to $414.86.
2006: Up 11.0% to $460.48.
2007: Up 1.5%, as of April 12.

Google, which [...]

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