April 18, 2006
Beaucoup action in the internet!
More importantly, News Corp is taking a stake in Simply Hired, a job search engine. The media war is really heating up the internet merger space and this will accelerate over time with the cheap money flooding the world. Exciting times indeed.
The shadow that Google is casting over valuations in the industry will pass - IN MY OPINION. Ebay will be fine and so will Yahoo. You just need to buy the 30-40 declines in these stocks. Yahoo is actually up 5 percent on their earnings report even though the headlines say in-line report. Down 30 percent from recent highs, everyone that needed to sell - sold.