>>Yahoo (YHOO: news, msgs, alerts) dropped 81 cents, or 5 percent, to $15.25 in
Instinet. The Web portal said its chief sales and marketing officer, Anil Singh, will be
leaving the company in May. Yahoo said that Singh was leaving to devote more time
to his family and pursue personal interests.
Last week, Tim Koogle said it would relinquish his chief executive duties, but would
remain chairman.
posted on March 14, 2001 06:22:00 AM new
VeryModern,
"Yahoo said that Singh was leaving to devote more time to his family and pursue personal interests."
Mr. Singh has been so impressed with the phenomenal traffic at Yahoo!Auctions, that he said to himself, "Heck, I don't need this job, I'll quit and become a fulltime auction seller."
Look for his "success story" shortly.
* UBB
[ edited by dimview on Mar 14, 2001 06:28 AM ]
posted on March 14, 2001 07:48:58 AM new
USMarines
I agree about the other auction .com companies, but I also feel that some of their problems relate to the death of Yahoo, and investors lack of understanding what happened to Yahoo auctions, creating fear that the same could be possible at eBay.
Regarding Amazon, they have been in trouble, balance sheet wise since get go, so they have had such problems for ages.
posted on March 14, 2001 10:14:13 PM new
I can remember some analysts several months ago saying that Yahoo's "true" stock value is about $14.00 a share, and they didn't recommend buying it ABOVE that price. I don't know if they were right, but it will be interesting to see if anyone (including Yahoo itself) starts buying at that price, or if the value drifts even lower.
Ebay's stock is likewise overvalued, but their ability to show a huge profit IN SPITE OF all the blunders they make buying up other companies (which only lose money for them) keeps market confidence relatively high.
I only wish I had had tech stocks I could have sold a year ago, at the market high. I'd be sitting on a tidy nest egg now.
posted on March 14, 2001 11:52:51 PM new
Yahoo is a nice stock to make a gamble on. The new CEO should be able to turn this company around and start generating income from businesses that would be happy to pay fees for the value in return. Once that money starts flowing in, they could use it to promote the auctions and get more buyers, the sellers would return when they see the numbers have gone higher, and Yahoo would make some big profits from auctions.
Keeping Koogle as long as they did was their first mistake, but that was during the naive stage for the internet wave when all you had to was get pageviews and offer your services for free. Not much brainpower was needed for that. Wait for more punishment on the Yahoo's stock price and buy in.
posted on March 15, 2001 05:33:42 PM new
Hey all! Don't just point the finger at Yahoo!
Look at those of us in washington State who have a Senator that was an Exec. for REAL NETWORKS! Now she can't pay her campaign loans!
I think she saw the light at the end of the tunnel and got out to where she knows the wealthy will bail her out even though her stocks failed!
Or can be like the former Mr & Mrs FIRST and take gifts but not be able to pay your bills!
If the wealthy get in office they still get rich with out selling everything they own as the rest of us would have to do!
This is the High tech world of get rich Quick and Dam the small folks that got you there!
Sounds like politics!
On the E-bay note! How about the fact they are going in wtih Microsoft and the NEW Windows XP! Ther will be a desktop ICON to E-bay! Also the Post office sdvertising for them!
E-bay apparentlly has some really good lobbyists! I know their adjutant attorney is from the Justice Department!
