Fake Chrome OS Screenshots Punk Tech Media Mystery Blogger Comes Clean
Let's be clear: no one's saying that Yahoo is screwed. The news isn't exactly good, however, as an analyst at Jefferies & Co. has just lowered both his price target and sales estimates on the company.
The difference between $35 and $32 per share might mean a lot to investors; it is, after all, a drop of about 8.5 percent. Likewise, $5.87 billion is noticeably less than $6.12 billion; it would be a rare individual who wouldn't want the $250 million that's gone missing.
But to get back to the "not screwed" concept, Youssef H. Squali, the Jefferies & Co. analyst in question, thinks there's still hope. While he called 2008 "a make-or-break year for this management team," he also, according to the AP, "kept his 'Buy' rating, calling Yahoo a 'value pick.'"
Also, Yahoo's down only 0.50 percent for the day, while the Nasdaq's down 0.88 percent so far. This is hardly a big enough inconsistency for us to make any grand conclusions, but there the facts are, anyway.
And as always, we'll bring you industry updates and keep a close eye on Yahoo's stock.
Fake Chrome OS Screenshots Punk Tech Media
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