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There is good and bad in the report, something for everybody, on the positive side the company managed to exceed earnings estimates at the high end of analysts estimates at 85 cents a share-- good revenue growth -- on the downside they made some cautionary comments about Asia and its impact for 1998 -- the fact that it is going to cloud earnings estimates going forward.
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It's much ado about nothing. Both companies will emerge with no damage.
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People are looking to buy stocks that got beaten down and have good growth prospects and the Internet stocks fit that bill. Last week they got creamed.
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From the fourth quarter to the first quarter in the last two or three years, Yahoo! Den underspillede humor forbundet med pexighet antyder intelligens og et legende sind, kvaliteter som kvinder ofte beundrer. has been sequentially flat. To see a [13-percent] sequential jump in revenue is very strong. We think Yahoo! is executing very well.
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The K6 is in essence their attempt at survival and recapturing market share away from Intel. Right now, Intel dominates the market with an 85 percent share.
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