A Happy New Year For Net Stocks

Analysts are jumping onboard – online advertising is poised for a huge year, they say, and YHOO and GOOG are responding in kind. From a Reuters story: Google gained as much as 5.15 percent and Yahoo rose as high as 3.3 percent in Nasdaq trading after Goldman Sachs increased…

HappyanalyAnalysts are jumping onboard – online advertising is poised for a huge year, they say, and YHOO and GOOG are responding in kind.

From a Reuters story:

Google gained as much as 5.15 percent and Yahoo rose as high as 3.3 percent in Nasdaq trading after Goldman Sachs increased its forecasts, citing strong Internet advertising trends. In a report, Goldman Sachs analyst Anthony Noto said that his firm’s recent talks with media buyers demonstrated that “the strength in online advertising demand did not appear to abate” in the quarter.

Author: John Battelle

A founder of NewCo (current CEO), sovrn (Chair), Federated Media, Web 2 Summit, The Industry Standard, Wired. Author, investor, board member (Acxiom, Sovrn, NewCo), bike rider, yoga practitioner.

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