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All posts tagged ‘financial’

Tuesday, October 20, 2009

Liveblogging Yahoo’s Third-Quarter Conference Call: Bartz “Came Down With Something,” and CFO Carries On (and On and On and On)

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Uh-oh, Yahoo CEO Carol Bartz was expected to appear on the Internet giant’s third-quarter earnings call, but she apparently “came down with something,” according to CFO Tim Morse.

BoomTown is sending over chicken soup right now, but let’s hope she gets her vaccinations tout de suite!

Thus, no sassy quotes or cursing, but a very earnest Morse, who sounded like he was once a Boy Scout.

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Time to Yodel? Yahoo Beats Street Expectations With Stronger Net Income and Better Outlook for Q4.

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Yahoo bested Wall Street expectations today, announcing stronger net income for its third quarter, despite an also expected decline in revenue.

In addition, Yahoo’s expectations for the fourth quarter are more positive than expected by investors.

But, there were some issues to worry about: Search advertising revenue was off 19 percent and display was off eight percent at “Owned and Operated” sites on Yahoo.

So, while investors can finally relax, how Yahoo can grow going forward is sure to be their next focus.

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Yahoo Earnings After Market Close, Plus Liveblogging of Conference Call at 2 pm

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It’s not likely the announcement of Yahoo’s third-quarter earnings later today will be quite as exciting as its Open Hack Day in Taiwan this past weekend, but BoomTown will try to make those numbers and the conference call afterward with CEO Carol Bartz as entertaining as possible.

Bartz is certain to be so, especially if she lobs some good quotes, as she did in a recent interview about her management style: “I have the puppy theory. When the puppy pees on the carpet, you say something right then because you don’t say six months later, ‘Remember that day, January 12th, when you peed on the carpet?’ That doesn’t make any sense.”

How much does BoomTown pray for more zingers like that? Muchly!

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As Traffic Booms, Is HuffPo Ready to Make Some Real Dough?

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For the past few months, the Huffington Post has been on a bit of a tear–both in terms of traffic gains and in its hiring of some big talent for key positions.

Now, those execs are focusing on using that consumer momentum to achieve what has eluded the Huffington Post thus far: Making some serious bank from the privately held news and media site.

Here’s a chat I had with new President and Chief Revenue Officer Greg Coleman about how he is aiming to do just that.

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Monday, October 19, 2009

Wall Street Hopes Apple Doesn’t Fall Far From the Tree

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When Apple reports its fourth-quarter earnings today, investors are hoping–actually, expecting–that the iconic computer company will look a lot now as it always has.

In other words, don’t go changing and it will please us.

In fact, Wall Street is anticipating, as it has throughout the econalypse, another estimate-beating performance.

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Wednesday, October 14, 2009

Stock Stronger as Yahoo Preps to Report Next Week–But Employee Departures (and Return of Yodeling!) Rattle

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In one week, Yahoo will report its third-quarter earnings, after the market closes.

And so far, its stock is showing signs that investors are hoping for better days ahead for the Internet giant.

Other good news: A pair of bullish analyst reports yesterday.

But, a spate of executive departures, with chances of more to come, are worrisome.

As is the excessive yodeling Yahoo is once again encouraging.

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Tuesday, October 6, 2009

The Web Helped Kill Gourmet? If So, Now I Hate the Internet!

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Let’s all agree first to blame owner Condé Nast for deciding to shutter Gourmet–the elegant and iconic magazine, which has been around since 1941, after the November issue.

While circulation remained steady at Gourmet at just under one million monthly paying subscribers, Condé Nast Chief Executive Officer Chuck Townsend pointed to a fall-off in advertising spending by luxury brands that result in a money-losing mess.

But some are blaming a movement of readers to the Web. Is it true?

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Monday, October 5, 2009

New Yorker: Bezos’ Initial Google Investment Was $250K in 1998 Because “I Just Fell in Love With Larry and Sergey”

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Considering the ongoing skirmishes going on right now between Amazon and Google over digital book publishing, it’s more than ironic that Amazon CEO and founder Jeff Bezos was one of only a few initial investors in the search giant.

But–in one of the many interesting details in New Yorker author Ken Auletta’s new book, “Googled: The End Of The World As We Know It”–it was indeed Bezos who invested $250,000 in the start-up in 1998 at four cents a share.

Not that there’s anything wrong with that!

There’s a great excerpt in the New Yorker this week.

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Wednesday, September 30, 2009

Microsoft Execs Got Compensation Axed, as Ballmer Touts “The New Efficiency” (Which Sounds Painful!)

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BoomTown happens to be in the Seattle area today, deep in the heart of Microsoft territory, which apparently is now living in a state of “new normal” according to a declaration by the software giant’s CEO, Steve Ballmer.

Well, it all looks the same to me, but that’s what he said in an “executive e-mail” post yesterday titled “The New Efficiency” about the changes brought on by the econalypse.

Of course, it’s also a new buzzword for the company’s upcoming Windows 7 rollout, complete with a Web site.

Now, that’s efficient!

Meanwhile, Microsoft revealed in a proxy filing that the direct compensation of its top execs in 2009 had been slashed.

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Tuesday, September 29, 2009

“Terminator” Terminated? Actually, Restructured!

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Memo to all Cyborg Geeks:

“Gentlemen, we can rebuild him. We have the technology….We can make him better than he was before. Better, stronger, faster.”

Wait, that’s “The Six Million Dollar Man” motto!

But it might as well apply to the Hollywood outfit that owns the “Terminator” movie franchise.

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Monday, September 28, 2009

Kool-Aid Guy Too Harsh? Then How About These Visual Metaphors for Twitter’s $1 Billion Valuation!

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Earlier today, BoomTown wrote a tongue-in-cheek post to depict what I thought of the $1 billion valuation that Twitter recently got from investors.

It was meant all in fun, as poking holes in the frothy atmosphere around the microblogging hottie is kind of an easy layup.

But someone on Twitter called my use of an image of the Kool-Aid pitcher man as “harsh,” and I got several other emails from those who think bubble-investing is dandy!

So, in the interest of fairness, here are some other visual choices for a metaphorical depiction of the amazing valuation.

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Can Apple Shares Keep Defying Gravity?

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Since the beginning of the year, Apple shares have more than doubled from $90.75 on Jan. 2 to almost $186 today.

Google has done about half that performance, while Microsoft has done one-third.

But that’s apparently not enough, according to Thomas Weisel analyst Doug Reid, who has raised his price target on Apple to $210 from $180.

BoomTown is getting dizzy.

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Twitter Investors Celebrate: The Paparazzi Proof!

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Well, it’s not like Twitter’s investors are Britney Spears or anything, but somehow, the $1 billion valuation of Twitter deserves a BoomTown all-lenses-shooting response.

Thus, the crack team at All Things Digital went all out in trying to capture one such investor in his true state.

Click in to see photographic proof!

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Monday, September 21, 2009

Yahoo Adds Zimbra to the Garage Sale as It Tries to Shed What Isn’t “You!”

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According to numerous sources, Yahoo has been shopping around Zimbra, the open-source email company it bought in late 2007 for $350 million.

Zimbra is only one of the many assets of Yahoo that are now on the block, including its personals business, its HotJobs online classified unit and more to come.

The effort to unload Zimbra is yet another sign that the company is trying to slim down its diverse portfolio, even as it strives to redefine itself this week with a new, pricey marketing campaign that seeks to position Yahoo primarily as a consumer company.

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Tuesday, September 15, 2009

Warren Buffett at Fortune Women’s Conference: On the Economy and George Clooney

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Folksy set was on the highest burner possible at Fortune magazine’s Most Powerful Women’s conference this morning, as legendary financial investor Warren Buffett took to the stage.

Buffett, who was interviewed by Fortune’s terrific Carol Loomis onstage in Carlsbad, Calif., held forth to the crowd–made up mostly of women–having instructed Loomis previously to “do anything with me…I like your crowd.”

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About Kara

Kara Swisher started covering digital issues for The Wall Street Journal's San Francisco bureau in 1997 and also wrote the BoomTown column about the sector. With Walt Mossberg, she co-produces and co-hosts D: All Things Digital, a major high-tech and media conference. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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