Submitted by Yi-Wyn Yen02.02.2009
Thunderdome
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News149027Salesforce's
This prediction is closed and has been judged.
Carol Bartz joined Yahoo as chief executive officer on Jan. 13, 2009. On her second week on the job, she reported Yahoo's money-losing Q4 earnings. Total revenues dropped 1% to 1.8 billion, which was the company's first revenue decline in 7 years.
Things are about to get worse for Yahoo. The company is warning shareholders to brace themselves for a ghastly 5%-16% revenue drop for Q1 2009. Some Wall Street analysts expect Bartz, former CEO of graphics design software company Autodesk, to spend most of the year figuring out how to turnaround the company as she cleans up the mess founder Jerry Yang left for her.
In other words, don't expect a big uptick in Yahoo's stock price any time soon.
Prediction: Yahoo's shares drop to $10 or below the day the company reports its second quarter earnings. Yahoo will report Q209 earnings in late July. The closing date for this prediction will be adjusted accordingly when Yahoo sets the date for its earnings announcement.
Image: Yahoo
Price History
Prediction Statistics
| Betting Closes: | Jul 20 2009 | Current Consensus: | 4.97% | Total Bets: | 24 |
| Today's Change: | 0% | ||||
| Life Time High: | 62.25% | ||||
| Life Time Low: | 4.97% |
Comments
Judged negative. Yahoo's 2nd quarter earnings were announced yesterday:
http://www.thestandard.com/news/2009/07/21/yahoo-revenue-drops-profits-r...
I can't help but wonder about the timing -- at nearly the same time as Apple. An attempt to hide the negative revenue data?
Anyway, despite the lackluster report, Yahoo's stock still ended up way above the level set by the prediction -- it's at more than $17 now, compared to just over $12 back in February, when the prediction was launched.
Ian Lamont
Managing Editor
The Industry Standard
twitter.com/the_standard
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