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 CEO is running out of time to turn things around

Related Stories

Tough first year for Yahoo's tough-talking CEO

January 12, 2010

(AP) -- Carol Bartz spent much of her first year as Yahoo Inc.'s chief executive rallying the troops and clearing the decks, often sounding like a salty drill sergeant as she vowed to whip the downtrodden Internet company ...

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 ...

Yahoo shares rise on buyout talk

October 14, 2010

(AP) -- Investors are running up the price of Yahoo Inc. shares after a report saying AOL Inc. and a group of private equity firms may bid for the Web company.

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

NASA's space-station resupply missions to relaunch

November 29, 2015

NASA's commercial space program returns to flight this week as one of its private cargo haulers, Orbital ATK, is to launch its first supply shipment to the International Space Station in more than 13 months.

CERN collides heavy nuclei at new record high energy

November 25, 2015

The world's most powerful accelerator, the 27 km long Large Hadron Collider (LHC) operating at CERN in Geneva established collisions between lead nuclei, this morning, at the highest energies ever. The LHC has been colliding ...


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.