William,
You've been calling this thing right for a long time now. My congratulations. I wanted to run this little snippet from yesterday's IBD by you:
<<While Yahoo and Excite push different philosophies on personalizing the Web, both await a new challenge from Microsoft Corp. The world's largest software company plans to launch its own navigational site within months. It's called Start.
''Microsoft is going to hit like a bomb,'' said Bill Bass, an analyst for Forrester Research Inc., a Cambridge, Mass.-based market research firm.>>
The rest of the article was about Excite's new homepage. I guess my question is how much more credence (if any) do you give this professional analyst, and by extension Forrester, compared to, say, the average well-reasoned (!) short on this thread? Don't you think that even if Yahoo is the third-party search engine for Start that Microsoft's effort won't impact at least the notion that Yahoo has "taken the space?" And doesn't Microsoft have the Inktomi engine? It seems to me that Start will bruise YHOO, but then again I might be rationalizing. After all, if Microsoft enters the space, it just proves that Yahoo is in a great business and deserves to be valued yet higher . . . <<gggg>>
Regards,
Marc |
