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No Way Around India Layoffs, Says AOL
Monday, March 7, 2011 - 11:38am | 228Read More...At a news conference last week, AOL (NYSE: AOL) CEO Tim Armstrong admitted that, following the company's $315 million acquisition of the Huffington Post, layoffs are inevitable. "There's no way around it," said Armstrong, "but we'll do it thoughtfully." Armstrong's apparent compassion stems from...
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AOL 4Q Earnings Call On February 2
Monday, January 31, 2011 - 9:47am | 136Read More...Jefferies & Company has published a research report on AOL, Inc. (NYSE: AOL) in anticipation of the company's 4Q earnings call on February 2 at 8:00 a.m. In the report, Jefferies writes "We expect AOL's 4Q revenues to come in at $603M, slightly ahead of consensus of 587M, on better Display...
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Skype Still Down…Will It Ever Come Back?
Wednesday, December 22, 2010 - 3:31pm | 161Read More...If you're one of the millions of Skype users, you are fully aware that Skype is down today. What started as a minor problem for some users has quickly broadened to nearly every Skype user. Benzinga reached out to Skype to find out what was going on, but the company was unable to comment at this...
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Skype Outage Impacts Millions
Wednesday, December 22, 2010 - 1:29pm | 168Read More...Earlier today, Benzinga reported that Skype – the online messaging tool co-owned by eBay (NASDAQ: EBAY) – was down for some users. Now it appears that the service is down for everyone, causing minor communication problems to general users and business professionals alike. Many corporations use...
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AOL Acquires About.me
Monday, December 20, 2010 - 5:45pm | 157Read More...AOL Inc. (NYSE: AOL) is set to announce that it has acquired About.me, a site that allows its users to create personal and professional profiles with flashy imagery. TechCrunch reports that About.me had only recently launched publicly – four days, to be exact – before AOL swooped in for the...
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Mark Zuckerberg: Spreading The Wealth
Thursday, December 9, 2010 - 11:33am | 255Read More...Like so many of the world's most well-known billionaires, Mark Zuckerberg has taken the first step in becoming a grand-scale philanthropist. The Wall Street Journal reports that Zuckerberg has signed onto the Giving Pledge, which asks its signatories to commit publicly to give away the majority of...
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News Corp.'s Jon Miller: “I Have Three Jobs: Surgeon, Midwife, And Astrologer”
Friday, December 3, 2010 - 12:13pm | 145Read More...At the IGNITION Conference in New York City, News Corp.'s Jon Miller spoke to Business Insider about companies like AOL and Yahoo and whether or not they can be saved. “I say I have three jobs: surgeon, midwife and astrologer,” Miller replied. “You're asking about the doctor part. Think about fix,...
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AOL Comes In Slightly Ahead Of Expectations
Thursday, November 4, 2010 - 7:56am | 131Read More...Jefferies & Co. has published a research report on AOL, Inc. (NYSE: AOL) after 3Q results came in slightly ahead of expectations, boding well for FY2011. In the report, Jefferies writes "3Q results were slightly ahead of muted expectations. Gross revenues of $563.5M were down 26.2% Y/Y, but...
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Yahoo To Be Bought by AOL?
Thursday, October 14, 2010 - 10:09am | 363Read More...The Wall Street Journal is reporting that AOL (NYSE: AOL) and some private equity firms are thinking about buying Yahoo (NASDAQ: YHOO). While there is nothing confirmed at this point, and even the WSJ says Yahoo doesn't know about it yet, but the rumors alone sent Yahoo's stock up 13% in after...
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Benchmark On The Internet Sector
Wednesday, October 13, 2010 - 9:09am | 403Read More...Benchmark has downgraded the Internet sector from Overweight to Market Weight and core internet holdings currently are believed to be Expedia (NASDAQ: EXPE), Google (NASDAQ: GOOG) and Priceline.com (NASDAQ: PCLN). In the report, Benchmark writes "The Internet Holdings Company Depositary Receipts...
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Goldman Sachs' Global Internet Notables Summary
Tuesday, October 12, 2010 - 7:52am | 253Read More...Goldman Sachs has published a research report on Global Internet Notables for the week of October 11, 2010. In the report, Goldman Sachs writes "For the week ending Monday, October 11, 2010, the market-weighted Internet average increased 1.7% week over week, underperforming the NASDAQ, up 2.5%, and...
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AOL, Inc. Q3 Results Expected to be Fundamentally Weak
Monday, October 11, 2010 - 11:37am | 209Read More...Citigroup is looking for Gross Revenue of $544MM, EBITDA of $150MM, and GAAP EPS of $0.30 for AOL, Inc.'s (NYSE: AOL) September quarter, vs. consensus estimates of Gross Revenue of approximately $557MM, EBITDA of $160MM and GAAP EPS of $0.43. “We expect Q3 results to continue to be fundamentally...
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Benchmark Downgrades AOL To Hold
Monday, October 4, 2010 - 8:04am | 147Read More...Benchmark has published a research report on AOL Inc. (NYSE: AOL) after downgrading AOL from Buy to Hold. In the report, Benchmark writes "We downgrade AOL from Buy to Hold. We believe AOL's current valuation more fairly reflects its advertising properties, but uncertainty about turning-around the...
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Yahoo! Executives Depart: What Will 4Q Bring?
Friday, October 1, 2010 - 8:05am | 168Read More...Jefferies & Co. believes that the departures of Yahoo!'s (NASDAQ: YHOO) Hilary Schneider, David Ko, and Jimmy Pitaro could not have come at a worse time as the company makes its transition to Microsoft's (NASDAQ: MSFT) paid search engine Bing. In a research report, Jefferies writes "With the...
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AOL Agrees To Buy TechCrunch
Tuesday, September 28, 2010 - 12:41pm | 55Read More...AOL Inc. (NYSE: AOL) today announced that it has agreed to acquire TechCrunch, Inc., the company that owns and operates TechCrunch and its network of websites dedicated to technology news, information and analysis. TechCruch is run by Michael Arrington AOL is up slightly on the news at $24.17
