posted on March 7, 2001 08:03:39 AM new
Koogle stepping down as CEO? If so, there goes the "brain" behind the auction fee policy, I think... and the protective patronage for Brian Fitzgerald if he truly is in favor of the ongoing auctions fee debacle.
posted on March 7, 2001 10:14:53 AM new
I just heard on cnbc that no other company was involved. They said that it was either earnings, or management shake up.
posted on March 7, 2001 12:42:17 PM new
Can you folks say "free fall" Watch for the stock to drop like a stone if the way they handled Yahoo's auction fees is any indication.
posted on March 7, 2001 08:09:21 PM new
Not only did the CEO leave, but the projected earnings have dropped from 57 cents a share in 2001 to a shaky projection of breaking even in 2001.
More importantly, it was said that the business climate has dropped faster than anyone could imagine. This is the third time I have heard this recently regarding the economy.
Me thinks there is some deep quakes rumbling under this economy. I think a "slow down" may prove to be an understatement.
posted on March 8, 2001 06:49:39 PM newMore importantly, it was said that the business climate has dropped faster than anyone could imagine.
Then they don't have a very good imagination. One year ago, there were plenty of people predicting nearly exactly what ended up happening with the tech sector.
Even though Yahoo has lost over 90% of its value, it is still trading at over 100 times earnings. It's still grossly overvalued as far as I'm concerned.
The people who couldn't imagine such a quick drop in the business climate are the same people who couldn't imagine that charging fees for Yahoo Auctions would do anything but generate revenue and improve the site.
