Henry Blodget
Henry Blodget
Henry Blodgetis an American businessman, investor, journalist, and author...
accelerate advertising believe continue expect growth market modestly online percent quarter toughest
We continue to believe that the first quarter will be the toughest quarter for online advertising. We expect market growth of only 10 percent year-over-year. We believe growth will then accelerate modestly through the year.
advertising believe bottom continue estimate growth market online until
We continue to believe in the long-term growth of online advertising. Near-term, however, we don't believe the market will bottom until the first quarter. We estimate only single-digit year-over-year market growth in the first quarter.
awkward believe company continue despite earnings expect growing growth investors momentum patient revenue transition upside
We do not expect significant upside to our estimates. As we have said before, we believe the company is going through an awkward transition from a hyper-growth, revenue momentum story to a long-term growth and earnings story. Despite its growing pains, we continue to believe long-term, patient investors will be rewarded.
positive regard ruling
Thus, we regard the ruling as an incremental positive for the stock.
believe companies customers gain online retailing running sector spend
We believe there could be a shakeout in the B2C (business-to-consumer) online retailing sector as companies that have had to spend aggressively to gain new customers will be running out of money.
challenge combined companies cultural entity global large longer managerial pose
While the combined entity will have a large global footprint, we think cultural and managerial integration of the two companies could pose a challenge longer term.
accurately airline appears believe business compelling continues dependent forecast limited management model ticket visibility
While we still believe the model is compelling long term, the business continues to be heavily dependent on airline ticket sales. As a result, it appears management has limited visibility to accurately forecast the business.
believe factors likely maintain outweigh windows
We still believe that, over the intermediate term, these factors will likely outweigh controversy surrounding Windows XP, so we maintain our 'accumulate' rating.
aol approval believe europe expect final future gaining impact stages time
We believe AOL and Time Warner are in the final stages of gaining approval from U.S. and Europe regulatory commissions. We do expect any concessions that would materially impact future performance.
awful despite financial impressive key
Despite the awful near-term financial outlook, the key value-drivers showed impressive growth.
almost aol seems size
AOL seems undervalued by almost any measure. If any mega-merger of this size can work, this one can.
choice companies either sidelines sit
In this market, you have two choices. Either you sit on the sidelines or you say you want to be in companies that you feel comfortable with.
advertising america appears approach believe benefit companies consumer continue fall improving internet leading sector sentiment stocks strong winter
The sentiment surrounding the leading companies in the consumer Internet sector appears to be improving as we approach the seasonally strong fall and winter period. We continue to believe that some of the leading consumer advertising and e-commerce stocks -- America Online, Yahoo, and Amazon.com -- will benefit from this.
add appealed case conclude likely months six supreme until
After that point, it is likely that the case could be appealed to the Supreme Court, which could add at least another six months to the outcome. So the case may not conclude until 2003.