Over the weekend I got some research (PDF file) from Safa of Piper which says Yahoo and Google are going to have a better quarter than he originally thought.
We expect strong results from Google and Yahoo next week and, given current valuations, we believe the stocks will react positively. The continued strength of search in a seasonally slow Q2, which in the past has been disappointing, could be a major catalyst for the Internet sector which continues to trade near trough valuations.
(more coverage at Eric Savitz‘s blog)