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Author Topic:   Yahoo
BradBerman
A-List Writer

Posts: 58
From:New York, NY
Registered: Jun 2000

posted March 07, 2001 12:53 PM     Click Here to See the Profile for BradBerman   Click Here to Email BradBerman     Edit/Delete Message   Reply w/Quote
I've never seen this happen before. The stock gets halted at the beginning of the trading day on news pending after the close.
What kind of unprofessional shit is that?!

This stock is going to get hammered tomorrow no matter what after this little fiasco. The Street will punish them for the unnecessary wait.

Who's running this company, a bunch of Stanford MBAs?

IP: 205.173.143.35

indiedan
A-List Writer

Posts: 8488
From:Santa Monica
Registered: May 2000

posted March 07, 2001 01:43 PM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message   Reply w/Quote
Koogle is resigning. That's what I heard. I agree. The stock will most likely be pummeled tomorrow - unless it's some crazy acquisition news - which is doubtful...

IP: 205.173.143.35

ThePerfectNorm
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Posts: 51
From:Seattle, WA
Registered: Jun 2000

posted March 07, 2001 05:06 PM     Click Here to See the Profile for ThePerfectNorm   Click Here to Email ThePerfectNorm     Edit/Delete Message   Reply w/Quote
On Friday afternoon - BUY BUY BUY!!!

IP: 205.173.143.35

cstengel
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posted March 07, 2001 07:02 PM     Click Here to See the Profile for cstengel   Click Here to Email cstengel     Edit/Delete Message   Reply w/Quote
Was interesting to see how much news they were actually carrying on thier own story.

IP: 172.169.187.64

HollywoodProducer
A-List Writer

Posts: 2815
From:La Canada
Registered: Jun 2000

posted March 08, 2001 08:11 AM     Click Here to See the Profile for HollywoodProducer   Click Here to Email HollywoodProducer     Edit/Delete Message   Reply w/Quote
The market is not saying BUY BUY BUY - don't buy until it bottoms out. That may not happen for a few weeks...

IP: 64.12.101.184

indiedan
A-List Writer

Posts: 8488
From:Santa Monica
Registered: May 2000

posted March 27, 2001 01:19 PM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message   Reply w/Quote
IS YAHOO REVVING UP A MUSIC ENGINE?

The question of what Yahoo has hidden up its music sleeve has been fairly hot lately. And if there's anything to be divined from Internet domain names, a plan may well be afoot. On March 2, Yahoo bought turbojukebox.com, a name that on its face seems to have little, if anything, to do with the bruised portal. Rumors abounded last year, though, about a separate broadband service called Turbo Yahoo, and Yahoo's new music chief, Chris Otto, worked on RealJukebox when he was at RealNetworks. Turbo Yahoo + RealJukebox = TurboJukebox.com? As always, time will tell

IP: 64.12.103.173

cstengel
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posted April 11, 2001 10:13 AM     Click Here to See the Profile for cstengel   Click Here to Email cstengel     Edit/Delete Message   Reply w/Quote
"Internet company Yahoo! Inc. has begun selling pornographic videos online, company officials have confirmed. Yahoo!, whose Web pages are viewed by about 185 million people a month, has opened an online store selling thousands of hard-core video tapes and DVDs. The company earns a share of the sales."
http://dailynews.yahoo.com/htx/ap/20010411/tc/brf_yahoo_porn_3.html

IP: 172.155.206.183

jpgordo
A-List Writer

Posts: 2957
From:Studio City, CA
Registered: Apr 2000

posted April 17, 2001 09:06 AM     Click Here to See the Profile for jpgordo   Click Here to Email jpgordo     Edit/Delete Message   Reply w/Quote
Terry Semel the head of Yahoo? That came out of nowhere.
------------------------
Yahoo Names Ex-Warner Bros Executive Semel as CEO

Santa Clara, California, April 17 (Bloomberg) -- Yahoo! Inc., owner of the most-used Internet search site, said former movie executive Terry Semel will replace Tim Koogle as chairman and chief executive on May 1.

Semel, 58 years old, was named to both posts after he and Koogle decided ``it was best to have one operational leader,'' spokeswoman Nicki Dugan said. Koogle, 49, last month said he would quit as chief executive and keep the title of chairman. Koogle will be vice chairman until August, when he'll leave the company.

Semel served as co-chief executive of AOL Time Warner Inc.'s Warner Bros. unit from 1994 until he left in 1999 after a string of box office flops. It will be up to him to reverse a decline that has cut more than $100 billion from Yahoo's market value since 1999 as advertising sales fell.

What is ``surprising is the choice of somebody who is ingrained in old media for so long,'' said Wit SoundView analyst Jordan Rohan, who has a ``hold'' rating on Yahoo shares. ``It does suggest a different direction for Yahoo, one where they create content.''

Dugan declined to comment on whether Semel asked for both the CEO and chairman titles as a condition for joining the Santa Clara, California-based company. ``It was a unanimous decision'' by Koogle and the board, she said.

Semel bought one million shares of Yahoo in a private placement yesterday at $17.62 each, Dugan said. The company didn't lend him money to buy the stock, she said.

Yahoo shares fell 11 cents to $17.51, in late-morning trading. They had dropped 85 percent in the last 12 months.

Semel

Semel, along with Robert Daly, ran Warner Bros. for two decades. The pair was known for heading Hollywood's most consistently profitable studio in the late 1980s and early '90s, with high-budget, action-adventure blockbusters such as ``Lethal Weapon'' and the ``Batman'' series.

The studio's fortunes began to stumble after the two were given control of Warner Music in 1996, a move that some critics said spread them too thin and contributed to expensive disappointments such as ``Wild Wild West'' and ``The Avengers.''

The studio ranked first or second in domestic box-office market share in more years than any other in the 1980s and '90s.

It also had a lucrative TV production division that turned out hits such as ``Friends'' and ``ER.'' During Semel and Daly's 20-year tenure, film and TV revenue rose to $6 billion from $1 billion. Music added another $4 billion of revenue.

Loss, Sales Decline

Semel joins Yahoo as many of the Internet companies that once bought a majority of its ads are now short on cash or out of business, analysts say. Consumer-products companies and other so- called traditional advertisers that buy the most ads in broadcast and print media haven't picked up the slack.

``They need a business model that gives them multiple sources of revenue,'' said Marc Klee, co-manager of the John Hancock Technology Fund. ``They have to bring costs down.''

Advertising sales account for about 85 percent of Yahoo's revenue, analysts say.

Koogle had been trying to sell more ads to traditional advertisers and to develop new sources of revenue other than advertising. Those included an agreement with business-management software maker SAP AG to develop and run internal Web sites for businesses and a joint venture with Sony Corp. and Vivendi Universal SA to sell music on line.

Last week, Yahoo reported a first-quarter loss of $11.5 million, or 2 cents a share, compared to net income of $67.6 million, or 11 cents, in the year-earlier quarter. Sales declined 22 percent to $180.2 million.

The company said it would fire 12 percent of its staff, or 421 workers, to cut costs.

IP: 64.236.243.243

HollywoodProducer
A-List Writer

Posts: 2815
From:La Canada
Registered: Jun 2000

posted April 17, 2001 10:36 AM     Click Here to See the Profile for HollywoodProducer   Click Here to Email HollywoodProducer     Edit/Delete Message   Reply w/Quote
Does this mean that Costner and Stallone will star in the first Yahoo movie?

IP: 64.236.243.243

WallStreetJohnny
A-List Writer

Posts: 76
From:The Street
Registered: Mar 2001

posted April 17, 2001 01:52 PM     Click Here to See the Profile for WallStreetJohnny   Click Here to Email WallStreetJohnny     Edit/Delete Message   Reply w/Quote
It's a strange fit. From what I understand, Semel is more old Hollywood. That might be what is necessary to take a new economy company to the next step (offline) and he certainly has the Hollywood connections. My gut feeling is that this is a step in the direction of getting prepared to be acquired. Perhaps Universal or Fox will acquire Yahoo and then Semel will be back in the movie biz.

IP: 64.12.101.183

Aragorn278
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Posts: 256
From:Clementwood, PA
Registered: Apr 2000

posted April 17, 2001 02:32 PM     Click Here to See the Profile for Aragorn278     Edit/Delete Message   Reply w/Quote
You know the more I think about this, the less sense it makes to me. Here's a guy who wasn't the most tech savy person in the world (especially compared to the heads of other tech companies who could have taken this post) who already had a shot at creating something fairly large on the net that failed in a big way - and they put him in charge of a mostly proven internet product???

Just doesn't make sense to me beyond people thinking that he's going to help bridge some gap between new and old media. Well he had a shot at that once via Warner Bros. and it was a failure.

I also think it's weird that this is a period of people backing off of certain types of content (high-bandwidth video streaming, etc.) and that's the kind of thing a guy like that would be better suited for. I could understand if he took the charge of something like this 6 or so months ago but not now.

I think this is a move in the wrong direction for Yahoo.

IP: 172.155.206.102

fred
A-List Writer

Posts: 8280
From:Redmond, WA
Registered: Apr 2000

posted April 17, 2001 03:56 PM     Click Here to See the Profile for fred   Click Here to Email fred     Edit/Delete Message   Reply w/Quote
Streaming media and video is the future. Didn't you read this month's Wired.

IP: 64.236.243.243

indiedan
A-List Writer

Posts: 8488
From:Santa Monica
Registered: May 2000

posted April 17, 2001 05:33 PM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message   Reply w/Quote
The weirdest thing about this whole deal is that Semel said he would move to Silicon Valley. That just seems weird considering he's such a Bel Air kind of guy.

IP: 64.236.243.243

HollywoodProducer
A-List Writer

Posts: 2815
From:La Canada
Registered: Jun 2000

posted April 18, 2001 09:16 AM     Click Here to See the Profile for HollywoodProducer   Click Here to Email HollywoodProducer     Edit/Delete Message   Reply w/Quote
Hollywood appears to like it...
-----
In true showbiz style, no sooner had Yahoo! Inc. named former studio head Terry Semel as its chief executive than the deal was declared the perfect marriage of Hollywood and Silicon Valley.

For years now, Tinseltown's hottest producers and Silicon Valley's technology giants have tried to figure out how to make money by entertaining people on the Net, and Semel, after 20 years in top jobs at Warner Bros.' movie, television and record divisions, may just be the man to show them how.

"It makes perfect sense to me," said Kevin Tsujihara, executive vice president of new media at Warner Bros., a unit of AOL Time Warner Inc.

"While everybody has been focusing on the weak ad market and Yahoo, I think, more importantly for Yahoo is that it will need to develop secondary revenue streams from its content ... and I think Terry is going to be able to help them figure out how to monetize those assets."

IP: 64.236.243.243

indiedan
A-List Writer

Posts: 8488
From:Santa Monica
Registered: May 2000

posted April 23, 2001 10:49 AM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message   Reply w/Quote
Peter Bart wrote a column today about the new phase of the Bob & Terry show. Here was a funny paragraph:

"Tim Koogle, former CEO at Yahoo!, earned a base salary of $310,000 last year, which was roughly $19,700,000 less than Semel's last Warners paycheck. Yahoo! execs shop at Costco; Semel is on the board of Polo Ralph Lauren."

IP: 64.236.243.243


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