Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (65539)	1/3/2001 5:46:35 PM
From: 2MAR$	Respond to of 122088

Merrill Lynch expects Yahoo to cut forecasts PALO ALTO, Calif., Jan 3 (Reuters) - Merrill Lynch Internet analyst Henry Blodget on Wednesday said he expects Yahoo <YHOO.O> will just barely meet forecasts when it reports fourth quarter earnings next week, but will then cut guidance for the first quarter and beyond. Blodget, who said he recently cut first and second quarter estimates in anticipation of lowered guidance from Yahoo, said he expects the company will report fourth quarter earnings of 13 cents per share on revenue of $316 million. "As one of the two strongest companies in the industry, we believe that Yahoo! is weathering the softness in online advertising better than most online companies," Blodget wrote in a research report. "However, given our checks with buyers, we believe the environment still remains very tough, and we continue to believe that the seasonally weak first quarter will be tougher still. "We believe management will likely lower guidance for at least (the first half of) 2001 and probably the full year." Blodget currently is forecasting full year earnings per share of 50 to 55 cents, but said if the company guides to a number below 50 cents, Yahoo shares could move to $20 or lower. Yahoo shares rose 2-3/4 Wednesday to close at 30-15/16. ((andrea.orr@reuters.com, Palo Alto newsroom, (650) 461-3400)) REUTERS * end of story