![]() ![]() The State Board of Education voted unanimously on Wednesday to approve the Design and Funding Approval phase of the project, giving the $75,338,985 project approval to move forward. Inventory, Maintenance & Facility SchedulingĪpState Board of Education gives unanimous approval to MSAD54's Margaret Chase Smith Community School project."We're only giving one quarter of guidance because of some of that uncertainty. "I have no idea how advertisers will react over the next two or three quarters," he said. “Margins were positive in December and the company just laid off all these people and the benefits of that should kick in during March, so it (the guidance) just doesn’t add up,” said Gene Munster, analyst at Piper Jaffray.Ĭhief Financial Officer Blake Jorgensen said in an interview that the marketplace was difficult but Yahoo was still seeing strong growth in search, while display has slowed down. One analyst said while it was understandable that Yahoo’s new management would be cautious, it was being “comically conservative.” The company also estimated revenue of $1.525 billion to $1.725 billion. It forecast operating income before interest, taxes, depreciation and amortization of $365 million to $415 million, compared with the average Street estimate of $485 million. Yahoo said it expects income from operations of $75 million to $85 million in the first quarter, about half the average analyst forecast of $165 million, according to Reuters Estimates. 2 in that specific category.” OUTLOOK WEAK What I see is Yahoo taking time to continue pruning properties that are not profitable and which are not No. “If you’re an investor in Yahoo, you’re thinking you need to have patience - patience for at least two years,” said Trip Chowdhry, analyst at Global Equities Research. Some analysts said Yahoo needed to continue to cut costs and show it can sustain financial discipline beyond one quarter before it can see any deal activity. “Search is a very valuable part of business.” “Am I planning to immediately sell the search business? I’m still learning about the business,” Bartz said. On her first earnings conference call with Yahoo analysts, Bartz said she didn’t join Yahoo to sell the company, nor did she have a preconceived notion of doing a search deal, but that “everything is on the table.” Microsoft has said it no longer wants all of Yahoo, but would still pursue a search-only deal. The stock rose 5.4 percent to $11.95 in after-hours trading following the results, from their Nasdaq close of $11.34. Yahoo shares have plunged 60 percent from a 12-month high of $30.25, after Microsoft made an unsolicited bid for the Silicon Valley company last February. Yahoo, the leading provider of online display advertising, has been under pressure for nearly a year as it held fruitless merger or partnership talks with Microsoft Corp MSFT.O, Google Inc GOOG.O and Time Warner Inc's TWX.N AOL.ĭuring that time, Yahoo lost market share in search advertising, while display ad sales have been badly hit industrywide by the U.S. “It’s certainly not good results and not a good outlook, but relative to the kind of general fears in the market, I wouldn’t say it was any worse,” he added. “They didn’t bleed to death as much as some of the bear scenarios” had predicted, said Martin Pyykkonen, an analyst at Wunderlich Securities. However, Yahoo gave first-quarter forecasts for operating income that were well below Street estimates and refrained from giving its usual full-year outlook, which disappointed some analysts and underscored the uncertainties the company faces. ![]()
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