Ticketmaster to Power Live Ticket Sales for Yahoo! Music, Yahoo! Sports, and Upcoming

Calendar Interoperability for Microsoft(R) Exchange Server Now Available; Zimbra(TM) Debuts Open Framework for IBM(R) Lotus Domino Messaging Server, Meeting Maker(TM), and Others Meets Needs of Large Organizations to Enable Heterogeneous Computing Environments

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

4:30 PM EST 10/07/08 BoardCentral StockTalk highlights AAPL, AMD, BAC, ASML, FRE, FNM, YHOO, AXIBX, WAMUQ, AIG as most popular stocks on the Web today. StockTalk is an intra-day resource focusing on stocks generating most Interest, Chatter and Hype across most popular financial message boards.

-- Bauer Media launching fashion e-commerce portal: Bauer Media, publishers of gossip/fashion magazine Grazia, is launching a high-end discount fashion e-commerce site called Cocosa.com. Brandrepublic.com reports that Bauer is hoping to build on the popularity of its magazines like Grazia with the site. Cocosa.com launches in late October and will send emails to members telling them of the latest sales from designer brands. Each sale will last 48 hours. -- BBC sets up new interactive unit: The BBC has set up a new department, Interactive Technical Advice and Contracts Unit (ITACU), to manage all of its interactive events, including its telephony services, The unit will work with the makers of all TV and radio shows which run competitions, votes, awards and donations to make sure that the broadcaster doesn’t make the same “editorial breaches” that saw it fined £400,000 in July for misleading viewers for faking the winners of contests, reports nma.co.uk. -- BBC Worldwide rehauls Topgear.com: BBC Worldwide has relaunched Topgear.com, which now includes more content for car buyers, as well as more videos and blogs. They’ve also roped in ‘Top Gear’ hosts Jeremy Clarkson, James May and Richard Hammond to blog regularly for the site. Brandrepublic.com reports that BBC Worldwide is hoping to increase ad revenues with its new content aimed at car buyers. -- VideoJug signs syndication deals: How-to video site VideoJug has signed syndication deals with Yahoo! (NSDQ: YHOO) WikiHow, Kontraband, WonderHowTo and Tiscali. Under the terms of the each agreement, VideoJug will provide the video content to each syndication partner in return for licence fees and/or a cut of ad revenues, reports Brandrepublic.com.

Yahoo To Put Ticketmaster Links Alongside Event Listings

Google (GOOG) hit another 52-week low today bottoming at $348.23. So far this year, the shares in the big search company are off 45%. By contract Time Warner (TWX) is down a little over 30%. So is Yahoo! (YHOO). Google should be doing better than an "old media' shop which owns AOL and a failing portal run by a disgraced CEO.

Editor's Note: The following was posted in real time on our premium Buzz & Banter. It's being shared here for the benefit of the Minyanville community. See also Was That A Short-Term Low?Alright so let's see...I spent most of yesterday--and the better part of this morning starting at 4:00 AM--fielding phone calls and emails from concerned friends and family as the point of recognition arrived like a clap of thunder. Evidently some high profile pundits were screaming from the rooftops that the end was near and everyone--regardless of risk profile or time horizon--should immediately sell everything.Minyans know that we've been ...

Filed under: Products and services, IAC/InterActiveCorp (IACI)

InterActive Corp.'s (NASDAQ: IACI) search engine and information portal Ask.com continues to try and re-invent itself to compete more heavily with search leader Google, Inc. (NASDAQ: GOOG). With Yahoo! Inc. (NASDAQ: YHOO) being such a large distraction over this past summer, the time seemed appropriate for Ask.com to try -- again -- to take some steam from Google. From anyone, for that matter.

It still won't happen. Here's why: Google's search product still is compelling to all that use it, even with marginally better search products. Google also has its hand in news, email, documents, spreadsheet, blogs, etc., and continues to recruit the customer that uses Google for everything possible on the web.

Its main product is search and that also provides almost all its revenue. But how can Ask.com compete with something like this? A better product, faster search results, or a more intuitive experience won't cut it any longer. What Ask.com would need is a disruptive product to even think about competing with Google. It's been over a few years since I've written on Ask.com's foray into competing with Google. In many ways, it's superior. That's, unfortunately, no longer enough.

Is Ask.com trying to win a losing battle? Perhaps. When Ask.com CEO Jim Safka says that Ask.com can recruit web searchers from Google with a 30% speed increase in search results, he's deluding himself. I'm not sure where that research came from, but Ask.com may be on its last stand. The search engine is pulling in ad revenue from the use of its products, and it may be content to grow steadily in that arena for the time being. But if it really wants to attack Google's ad revenue cash cow, something completely innovative and fresh needs to be forthcoming.

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Filed under: Before the bell, Earnings reports, Analyst reports, Analyst upgrades and downgrades, Yahoo! (YHOO), Apple Inc (AAPL), Time Warner (TWX), Market matters, Walt Disney (DIS), International Business Machines (IBM), Nokia Corp. (NOK), Advanced Micro Dev (AMD), Alcoa Inc (AA), Bank of America (BAC), Yum Brands (YUM), Alcatel-LucentADS (ALU), EMC Corp (EMC), Economic data, salesforce.com inc (CRM), Federal Reserve, Financial Crisis

U.S. stock futures were higher Tuesday morning, after stocks on Monday plummeted to lows not seen since in years as the Dow closed below 10,000 for the first time in four years. After Australia's central bank cut interest rates by the largest amount speculation regarding an interest rate cuts from central banks around the world helped alleviate some worries. Meanwhile, oil rebounded to around $90 a barrel Tuesday in Asia after plunging to an 8-month low Monday, and Bank of America issued a profit warning. Alcoa will unofficially kick off earnings season today.

Bank of America (NYSE: BAC) shares are trading 9.6% lower in pre-market action after it said Monday its third-quarter profit slid 68% to 15 cents a shares, below analysts' estimates of 61 cents a share. BAC also announced a dividend cut and raise $10 billion in stock offering. Analysts from Robert W. Baird and Deutsche Bank proceeded to cut their own estimates.

Advanced Micro Devices Inc. (NYSE: AMD) shares are jumping 18% in pre-market trade after it confirmed plans to spin off its manufacturing operations to a new joint venture, Foundry Co., with an Abu Dhabi investment firm. The other part will be focused on designing microprocessors.

Alcoa Inc. (NYSE: AA) will unofficially kick off earnings season when it reports quarterly results Tuesday after the close. Analysts polled by FactSet Research are looking for Alcoa to post profit, on average, of 54 cents a share with total revenue of $7.27 billion. Aluminum prices have pulled back recently and analysts have been lowering their targets.

Yum Brands Inc. (NYSE: YUM) is also scheduled to report earnings today, estimates call for a profit of 54 cents a share in the third quarter.

Yahoo! Inc. (NASDAQ: YHOO) -- Techcrunch posted Monday that an AOL-Yahoo merger could happen this month. According to the blog, Yahoo! would acquire AOL's content, services and advertising but not its dial up business. Time Warner (NYSE: TWX), which apparently is pushing for the deal, would inject money for a third in the combined entity. All this according to unnamed sources Techcrunch blog claims are close to the negotiations.

Apple Inc. (NASDAQ: AAPL) - the stock was actually one of the few that saw gains Monday after Friday a rumor Jobs had a heart attack pummelled the stock down. On Monday, analysts said Apple doesn't need Jobs any more.

Analyst calls:

• IBM (NYSE: IBM) was downgraded by Barclays Capital from Overweight to Equal Weight.
• Salesforce.com (NYSE: CRM) was downgraded by Jefferies & Co and Roth Capital from Buy to Underperform and Hold respectively.
• Nokia (NYSE: NOK) and Alcatel-Lucent (NYSE: ALU) were both upgarded by Morgan Stanley to Overweight, citing valuation.
• Walt Disney (NYSE: DIS) was downgraded from Neutral to Underperform by Merrill Lynch due to economic climate.
• EMC Corp (NYSE: EMC) was downgraded by Barclays from Overweight to Equalweight.
• First Solar (NASDAQ: FSLR) Goldman Sachs from Buy to Sell. Shares are down 13%.

 

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Filed under: Before the bell, Earnings reports, Analyst reports, Analyst upgrades and downgrades, Yahoo! (YHOO), Apple Inc (AAPL), Time Warner (TWX), Market matters, Walt Disney (DIS), International Business Machines (IBM), Nokia Corp. (NOK), Advanced Micro Dev (AMD), Alcoa Inc (AA), Bank of America (BAC), Yum Brands (YUM), Alcatel-LucentADS (ALU), EMC Corp (EMC), Economic data, salesforce.com inc (CRM), Federal Reserve, Financial Crisis

U.S. stock futures were higher Tuesday morning, after stocks on Monday plummeted to lows not seen since in years as the Dow closed below 10,000 for the first time in four years. After Australia's central bank cut interest rates by the largest amount speculation regarding an interest rate cuts from central banks around the world helped alleviate some worries. Meanwhile, oil rebounded to around $90 a barrel Tuesday in Asia after plunging to an 8-month low Monday, and Bank of America issued a profit warning. Alcoa will unofficially kick off earnings season today.

Bank of America (NYSE: BAC) shares are trading 9.6% lower in pre-market action after it said Monday its third-quarter profit slid 68% to 15 cents a shares, below analysts' estimates of 61 cents a share. BAC also announced a dividend cut and raise $10 billion in stock offering. Analysts from Robert W. Baird and Deutsche Bank proceeded to cut their own estimates.

Advanced Micro Devices Inc. (NYSE: AMD) shares are jumping 18% in pre-market trade after it confirmed plans to spin off its manufacturing operations to a new joint venture, Foundry Co., with an Abu Dhabi investment firm. The other part will be focused on designing microprocessors.

Continue reading Before the bell: Stocks to recover; BAC, AMD, AA, FSLR, DIS, EMC, NOK ...

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YHOO is overvalued, looking only at valuation relative to its Industry (Internet Information Providers) averages.
Particularly with the MSFT deal a long ago memory, and no longer deserving of a potential acquisition premium, why does it continue to trade so richly valued?
I'm thinking of buy more puts.  Is this the right move?

* YHOO has a Projected P/E of 28.35
* YHOO's Industry (Internet Information Providers) has an average Projected P/E of 17.09
* Implies a Projected Stock Price of $9.23

* YHOO has a projected earnings growth rate of 14.69%
* YHOO has a PEG of 1.93
* YHOO's Industry (Internet Information Providers) has an average Projected PEG of 1.17
* Implies a Projected Stock Price of $9.28

Source of the analysis and calculations:

http://www.freestockvalueranker.com/?method=peg_pe&symbol...

Why is this stock so overvalued?

Analysis date: Oct 7, 2008, 5:30 AM

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