According to several reports Demand Media is going public tomorrow (another report here). With a target price of between $14-$16 a share, I got a call today from a broker who said they were oversubscribed and they expected trading to being north of $17 a share. There will be many people at Domainfest next week with restricted shares in their pockets and Demand becoming public will add some … [Read more...]
Yahoo Search Revenue Down 27% & They Cut 1% Of WorkForce
Yahoo reported earnings after the market closed today. Yahoo had net revenue of $1.21 billion, down 4% drop from the 4th quarter of 2009. 4th Q net income rose to $312 million, or 24 cents a share, from $153 million or 11 cents a share in the same period a year earlier. Yahoo said its search-advertising revenue fell 27% in the 4th quarter compared with the period in the prior … [Read more...]
Google: Content Farms & Mini-Sites We Are Gunning For For You
Today Matt Cutts who is the Principal Engineer at Google, posted on Google's blog that they was gunning to eliminate junk sites, including what many would refer to as mini-sites and content farms from being indexed in Google. "Just as a reminder, webspam is junk you see in search results when websites try to cheat their way into higher positions in search results or otherwise violate search … [Read more...]
Google: Revenues Up 26%; Paid Clicks Up 22%; Cost Per Click up 5% & Eric Schmidt Is Out as CEO
After the market closed today Google reported earnings for the 4th Quarter of 2010 ending on December 31, 2010. Google reported revenues of $8.44 billion for the quarter ended December 31, 2010, an increase of 26% compared to the fourth quarter of 2009. " "In the fourth quarter of 2010, TAC (Traffic Acquisition Costs) totaled $2.07 billion, or 25% of advertising … [Read more...]
QuinStreet Hits $1 Billion Dollars In Market Cap
Just 10 months after starting trading at $15 a share, QuinStreet, the company that bought, Insurance.com, CarInsurance.com and Insure.com has hit an all time high of $23.40 a share today (current sitting right at $23) giving it a market cap of $1 Billion Dollars. The stock is now up some 50% since it acquired CarInsurance.com in November for $49.5 million dollars. We own shares in … [Read more...]
DemandMedia Files Amended Prospectus, Now Looking To Raise $138 Million & Prices Its IPO
According to the New York Times, Demand Media in an amended prospectus with the SEC yesterday. In the document, Demand Media says it hopes to raise $138 Million dollars and price its shares between $14-$16 a share. At the mid point of $15 a share the company would have a market value of about $1.25 billion. … [Read more...]
Google.TV Hits The Pause Button
According to several reports out today, Google.TV is not ready for prime. Google has asked some manufactures that were getting ready to unveil new Internet-ready TVs at the 2011 Consumer Electronics Show in Las Vegas next month to delay the rollout. It appears according to those reports that Google is having software issues. There is also the issue of programming, with all the major … [Read more...]