Yahoo! after the bell 9-28-06: Finally, a positive day

Posted Sep 28th 2006 6:20PM by Melly Alazraki
Filed under: After the Bell, Deals, Competitive Strategy, Yahoo! (YHOO)

There wasn't much news about Yahoo! today, which to a struggling stock can sometimes be a good thing. Yahoo! Inc. (NASDAQ: YHOO) shares were up 68 cents, posting a 2.76% gain for the first time this week to close at $25.33.

There was a little talk today about Yahoo! acquiring Jumpcut. I'd assume the talk to commensurate with the size of the deal.

In other news, according to comScore, Yahoo! is second place in local search after Google Inc. (NASDAQ: GOOG). However, the difference is minimal with Google having 29.8% of the market in July and Yahoo! 29.2%. This I found to be very good news for Yahoo! as it is under so much scrutiny with regards to its search engine. At least here investors can sigh in relief.

Finally, another bit of news, somewhat odd perhaps, I found here. From the Yahoo! Search Marketing site: "Yahoo! Search Marketing will be expanding its global presence with an offering in India soon!" I guess expansion can also be a positive step.

Tags: yahoo, yhoo

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Reader Comments (Page 1 of 1)

9-28-2006 @ 8:57PM

Mr Wave Theory said...

Yahoo! Inc. Acquires Jumpcut Video Sharing Mixing Software

Yahoo! Inc. Search Blog (NASDAQ YHOO) just reported that Yahoo! has acquired Jumpcut. It goes to show that companies with great technology are always going to have a great exit.

http://mrwavetheory.blogspot.com/2006/09/yahoo-inc-acquires-jumpcut-video.html