Briefs: S&P downgrades Yahoo! to hold from buy

November 23, 2005

Standard & Poor's Wednesday downgraded its assessment of Yahoo! shares from buy to hold.

The downgrade is based on valuation at $42.78 per share in the Internet search engine.

"After a rise in Yahoo! shares by some 33 percent since Sept. 21, we now see upside potential as more limited," Scott Kessler, an equity analyst at the credit-rating agency, said in a news release. S&P had anticipated Yahoo! shares going up to $45.

"We think Yahoo!'s notable exposure to stock options could be construed unfavourably as 2006 approaches; the company will have to begin expensing them next year," Kessler added.

Nonetheless, Kessler remained broadly upbeat about the company, stating that Yahoo! "is a prime beneficiary of online advertising growth."

Copyright 2005 by United Press International

Explore further: Yahoo's 1Q disappoints, but stock rises on Yahoo Japan hopes (Update)

Related Stories

Yahoo CEO poised to make fateful decision on Alibaba stake

January 20, 2015

Yahoo CEO Marissa Mayer is facing her biggest business decision since she left Google two-and-a-half years ago to lead its struggling rival: how to manage Yahoo's most valuable asset, a 15 percent stake in Chinese Internet ...

Magnetic CEO, Alibaba jackpot rejuvenate Yahoo

July 15, 2013

Not much had been going right for Yahoo until it lured Marissa Mayer away from Google to become its CEO last summer. The move is shaping up as the best thing to happen to Yahoo since 2005 when it invested $1 billion in what ...

New Yahoo CEO sweeps out 2,000 employees in purge

April 4, 2012

(AP) -- Yahoo's turnaround attempt is going to be messy. In his first three months on the job, CEO Scott Thompson has imposed the largest layoffs in the company's 17-year history, reshaped the board of directors, picked ...

Recommended for you

Male seahorse and human pregnancies remarkably alike

September 1, 2015

Their pregnancies are carried by the males but, when it comes to breeding, seahorses have more in common with humans than previously thought, new research from the University of Sydney reveals.

Brazilian wasp venom kills cancer cells by opening them up

September 1, 2015

The social wasp Polybia paulista protects itself against predators by producing venom known to contain a powerful cancer-fighting ingredient. A Biophysical Journal study published September 1 reveals exactly how the venom's ...

Parasitized bees are self-medicating in the wild, study finds

September 1, 2015

Bumblebees infected with a common intestinal parasite are drawn to flowers whose nectar and pollen have a medicinal effect, a Dartmouth-led study shows. The findings suggest that plant chemistry could help combat the decline ...

ATLAS and CMS experiments shed light on Higgs properties

September 1, 2015

Three years after the announcement of the discovery of a new particle, the so-called Higgs boson, the ATLAS and CMS Collaborations present for the first time combined measurements of many of its properties, at the third annual ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.