First of all, no position in Yahoo, long or short.
I read in a lot of the posts here the implicit assumption that internet growth = Yahoo growth. That may well be for the next few years, but personally, my visits to Yahoo over the past 3 months have been declining to the point where I Yahoo perhaps 10 times a month, and only to use its search engine (and I spend ~4 hours a day on the net outside of work.)
If I want news, I go to cnn.com. I want weather, there's www.weather.com. I use espn.com for sports, travelocity.com or one of the airlines's websites for travel, amazon.com for books, and a number of online shops for computer/electronic/other products. Need driving directions? mapquest.com And of course, SI and my online broker for financial news/discussions. I can honestly say that if Yahoo goes away tomorrow I wouldn't even notice. I have barely enough time to catch up on the SI/espn/cnn articles each night to spend on other sites.
I'm just one data point, but I've found that I rarely venture out of the 10 or 15 sites that I regularly visit, and I have each site bookmarked. Yahoo barely reaches me now.
-Irving |
