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

Nov 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: Scientists invent award winning 2-in-1 motor for electric cars

add to favorites email to friend print save as pdf

Related Stories

Magnetic CEO, Alibaba jackpot rejuvenate Yahoo

Jul 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 ...

New Yahoo CEO sweeps out 2,000 employees in purge

Apr 04, 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, ...

Yahoo shares rise on buyout talk

Oct 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. ...

Yahoo losing 3 top execs, raising more worries

Sep 30, 2010

(AP) -- Three top Yahoo Inc. executives are leaving the slumping Internet company in an exodus that could put CEO Carol Bartz on the hot seat as she approaches the end of her second year trying to engineer ...

Recommended for you

First self-contained step dimming LED tube

27 minutes ago

Samsung Electronics today introduced the industry's first AC Direct step-dimming LED linear replacement for T8 and T12 fluorescent tubes at the National Electrical Contractors Association (NECA) Convention ...

Battery system will be able to light 2,500 homes

56 minutes ago

One of the largest, most environmentally-friendly, battery-based energy storage systems in the nation will be installed at the University of California, San Diego the campus announced today (Sept. 29).

User comments : 0