As Goes the Housing Market, So Goes Advertising

Well, okay, that’s a stretch, but the link between the prognosis for the housing market and the economy seems strong (as goes housing, so goes the economy), and when the economy stumbles, advertising is often the first expense to get cut. In 2000, I shudder to recall, advertising-driven companies (on and offline) were the first …

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Huge Net Capex: One-Time or Permanent?

The WSJ describes a key issue facing the big net companies, especially Google: massive (and increasing) capital spending.  Last week, for example, Google stated that 2006 CAPEX would “significantly exceed” 2005’s mind-boggling $800 million, prompting analysts to toss out 2006 estimates in the $1.25 to $1.5 billion range.  Yahoo! spent $400 million last year, up from $250 …

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Microsoft To Buy (Swallow) Yahoo…Again? Please, God, No.

The New York Post reports that Microsoft is urgently trying to buy Yahoo again, in part because it’s sick of losing deals to Google (and, no doubt, sick of losing to Google, and Yahoo, and AOL, et al…). Would it be a smart strategic move for Microsoft and Yahoo to combine forces?  Absolutely.  Is the best way to do this …

Read moreMicrosoft To Buy (Swallow) Yahoo…Again? Please, God, No.