Barclays Negative on Yahoo! (YHOO)
September 01, 2010 9:45 AM
Barclays is out with a brief analysts note this morning, which paints a gray picture for Yahoo! Inc. (NASDAQ: YHOO) shares.
The investment house said that NHN's decision (NHN is Korea’s largest search engine) to bring paid search in house and move away from YHOO, could lower Yahoo’s FY 2011 gross revenues by roughly 10%.
Yahoo! Inc., together with its subsidiaries, is an online media company. The company attracts users every month through its technology and engaging content and services. To users, it provides online properties and services. To advertisers, it provides a range of marketing services designed to reach and connect with users of its owned and operated sites, as well as with Internet users beyond Yahoo! Properties, through a distribution network of third-party entities.
