As news of Yahoo’s (YHOO) continuing ad revenue slide, Facebook’s (FB) continuing loss of “friends,” even IBM’s (IBM) increasingly poor financial results over the past few years, continues to pile up even in the face of an allegedly improving economy, it’s time to take stock (um, so to speak) of the high tech/Internet world.
Okay. We’ve looked. It’s not good. We’ll give just one example today.
Yahoo just “reported a 1.7% decline in fourth-quarter revenue excluding traffic acquisition costs, in line with analysts’ estimates. But the company’s closely watched display-ad revenue, which makes up about 41% of the total, continued falling, off 5.6% to $491 million excluding traffic acquisition costs,” said today’s WSJ.
Of course, Yahoo’s decline in price is nothing compared to IBM’s one-year plunge. FB is closer to Yahoo in price performance, but things are looking a bit scary for all of them.
There’s even worse coming for Yahoo. We know because we had a wonderful MyYahoo page. Note that we said “had.” Yahoo brought in an “improved” page this month that is so bad it is nearly unusable. They do not allow users to return to their old MyYahoo page.
We perused the comments that the company kindly provided so users could vent. The comments were devastating. IFO spent several hours trying to get her page contents right, but gave up. She’ll probably go with one of her brokers’ web pages to do her research.
But it will never be as good a Yahoo’s financial contents were. In that content, you could have a watch list like IFO’s Model Portfolio. Every company listed in that portfolio received a place in another Yahoo column, which included comments and news releases about that particular company. You could scan headlines and decide whether to click on the headline and read the story.
We picked up tons of valuable information easily and conveniently with that service. It was very specific news-aggregating. The links were to WSJ, Forbes, Seeking Alpha, Motley Fool, and other financial news sources.
We haven’t found a similar service anywhere else – online or in print, although we will check out the links in the illustration above. Google didn’t have anything comparable the last time we looked and as far as we know, the others are just business news sites with no model portfolio capabilities. We’ll check again and let you know.
Boohoo! What do we learn from this? Stock research is hard.