Yahoo: Weisel Sees Catalysts, but Chops Numbers on Declining Display Ads

While chopping estimates slightly for Yahoo (YHOO), Thomas Weisel analyst Christa Quarles asks in a report today, “Will They or Won’t They,” and takes a look at “2009 Potential Catalysts” for Yahoo shares, revolving, of course, around the matter of a potential deal to sell Yahoo assets to Microsoft (MSFT).

Quarles lowers her 2008 profit estimate by a penny to 43 cents a share, and lowers her 2009 estimate from 42 cents to 38 cents, mainly because of a six percent year-over-year decrease in display ad revenue in the fourth quarter and a two percent drop in 2009. She thinks search ad revenue will rise 10 percent and 7.2 percent in those periods, respectively.

Read the rest of this post

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »