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March 08, 2001Yahoo: Koogle Out As CEO, Earnings WarningI didn't report on this last night because I was surprised that what on its face looked like rather mild news caused a stock halt. I mean, companies warn and lose executives all the time. Why halt the stock? Anyway, I spent a lot of time last night thinking about this and I've come to a few conclusions. (These are MY GUESSES ONLY. I AM SPECULATING.) 1) Yahoo revised their earnings estimate downwards yesterday, after revising it downwards in January. I'd guess we're going to see some layoffs soon. (I hope not, though.) 2) Bunches of free services don't work. I expect to soon see Yahoo either cut some services, raise/institute prices for others, or both. I WANT this to happen. On a large scale, the "every service for free" meme is really hurting the Internet. 3) Yahoo needs to STOP MAKING ACQUISITIONS. In my opinion, they don't handle them well and it must be costing them gutbuckets of money. Partner, partner, partner! Posted to Search Engines-Google | TrackBack
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