Internet
Updated from 7:31 a.m. EDT Yahoo! YHOO shares tumbled early Wednesday after the Net giant disappointed investors yet again. The Sunnyvale, Calif., company beat so-called adjusted profit targets and offered guidance that was in line with Wall Street targets. But shares slipped more than 11% to $28.41 in early Wednesday trading, giving back roughly half of this year's gains as investors mulled over a weak revenue performance. CEO Terry Semel also warned of reduced expectations in the Net giant's key display advertising business. Back in January, on the company's fourth-quarter earnings call, Semel promised that Yahoo! intended to "outpace the industry" in 2007 on display-ad growth. But on Tuesday, Semel said the company expects merely to keep pace with rivals. Though the new guidance would mark a scaling back of "only couple of hundred basis points," Yahoo! CFO Sue Decker said in an interview, the shift marks yet another black eye for Yahoo!, which disappointed Wall Street serially last year, earning its shares a nearly 40% drop. Decker said that Semel's comments would put Yahoo!'s forecast more in line with what it had previously put out after the third quarter of 2006. Jefferies cut its price target to $36 from $38, saying the quarter "leaves something to be desired."
Investors are in a better mood as earnings near.
Employees can search internal data and the Web at once.
The company is hoping to leverage its huge user base.
A deal with Tribune and Gannett is abandoned.
The market could be key for its mobile push.
Concerns over Google's growing sway send rivals to Yahoo!.
Apple and AT&T were among the most searched stocks on TheStreet.com Friday. Here's what Cramer had to say about them recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Looking for deep value with Defiance Asset Management, polling big investors about where the market's headed, plus much more.
See who made what calls.
3 Stocks I Saw On TVDan Fitzpatrick examines three stocks viewed on Fast Money and Mad Money Today's stocks include Deere & Co., Petrobras and MBIA
TheStreet.com Ratings checks in on First Community Bancorp and First Niagara Financial Group two months after recommending the stock.
Take-Two's latest hit receives a perfect score from industry reviewers.
- Top Rocket Stocks for Week: Walter
- Cramer on Top Searched Stocks: Citi
- Credit vs. Debit Cards: Weighing the Options
- Power Stock Rankings: Energy
- Top Dividend Stocks of the Week: Pepsi
- Let the 3G-Phone War Begin
- IndyMac Sputters to Loss
- Report: Icahn Zeroes in on Yahoo!
- Tuesday's Analysts' Upgrades, Downgrades
- TSC Ratings' Upgrades, Downgrades
- Cramer's 'Mad Money' Recap: Mad Money's Rally Playbook
- The Polycarbonate Price Cut
- CalPERS Pushes for Clean House at Standard Pacific
- Investing in China: What You Need to Know
- Coming Week: 'Glimmer of Hope'
- Top Stocks With Insider Buying, Buybacks
- New Solar ETF Helps Spread Sector's Risk
- Feuerstein's Biotech-Stock Mailbag
- Need to Own Energy? Here's How to Do It
- My Company Doesn't Provide Health Insurance (Gulp!)
Sponsored by:

BEAT THE STREET GAME:



