2008 March 13 | money news blog

The collapse of Google’s (NASDAQ:GOOG) stock is the talk of world wide web investors. Wall Street is concerned that the number of people clicking on the search engine’s ads is falling, perhaps due to the tough economy.

Google now has clearance to purchase DoubleClick, which will get it into the massive display advertising market, but that segment of internet market isn’t growing very fast.

Google has one more card up its sleeve. The new program, called Ad Manager, will grant Google publishing partners to get potential revenue for ad space they have not been able to sell themselves. According to The Wall Street Journal, “Google is hoping that Ad Manager users will concur to carry some ads Google sells in ad spots on their Web sites they haven’t filled themselves.”

The display ad program is unlikely to yield much revenue for publishers or Google. The unsold display inventory on most sites is sold at extremely low rates. Most publishers sell their ideal spots to marketers who will pay a premium. Less desirable ad positions normally have very little value to advertisers because they run in places where users often don’t see them.

Otherwise, it’s a great idea.

Douglas A. McIntyre is an editor at 247wallst.com.

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13 03 2008

Electronic Arts looks to move ‘hostile’ on Take-Two bid

Posted by: in Latest News

Filed under: Earnings reports, Deals, Industry, Electronic Arts (ERTS)

Massive video-game publisher Electronic Arts (NASDAQ: ERTS) is sick of being ignored by takeover target Take-Two Interactive (NASDAQ: TTWO). The smaller company says it is trying to find other offers to top the EA bid.

Electronic Arts has decided to make its bid hostile. According to The Wall Street Journal “EA plans a tender offer to acquire Take-Two’s shares for $26 each, the price it offered the company last month.” The tender offer will last though April 11.

Take-Two shareholders should be relieved. No other bid has emerged and several big shareholders have dumped their shares, a sign that the EA offer is as good as it gets. Take-Two shares traded just above $16 before the takeover bid. The company showed a healthy loss in its most recent quarter and management has not articulated any plan to make things substantially better.

Take the money and run.

Douglas A. McIntyre is an editor at 247wallst..com.

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13 03 2008

To get back on top, Google (GOOG) creates new ad program

Posted by: in Latest News

Filed under: Deals, Competitive strategy, Google (GOOG)

The collapse of Google’s (NASDAQ:GOOG) stock is the speak of world wide web investors. Wall Street is concerned that the number of people clicking on the search engine’s ads is falling, perhaps due to the tough economy.

Google now has clearance to purchase DoubleClick, which will get it into the massive display advertising market, but that segment of world wide web market is not growing very fast.

Google has one more card up its sleeve. The new program, called Ad Manager, will allow Google publishing partners to get potential revenue for ad space they have not been able to sell themselves. According to The Wall Street Journal, “Google is hoping that Ad Manager users will agree to carry some ads Google sells in ad spots on their Web sites they haven’t filled themselves.”

The display ad program is unlikely to yield much revenue for publishers or Google. The unsold display inventory on most sites is sold at extremely low rates. Most publishers sell their best spots to marketers who will pay a premium. Less desirable ad positions normally have very little value to advertisers because they run in places where users often don’t see them.

Otherwise, it’s a great idea.

Douglas A. McIntyre is an editor at 247wallst.com.

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13 03 2008

Before the bell: TGT, AMGN, TWX, GOOG, GE, KO …

Posted by: in Latest News

Filed under: Before the bell, Deals, Google (GOOG), Microsoft (MSFT), Apple Inc (AAPL), General Electric (GE), Time Warner (TWX), Coca-Cola (KO), Motorola (MOT), Toyota Motor Corp. (TM), Target Corp. (TGT), Johnson and Johnson (JNJ), Amgen Inc (AMGN)

Before the bell: Futures decline as dollar reaches new lows; Carlyle fund near collapse

Target Corp (NYSE: TGT) said on Wednesday that it is in speaks with an investment partner to sell some credit assets, namely credit-card receivables, for about $4 billion. Target’s shares were up 1.7% in after-hours trading.

Microsoft (NASDAQ: MSFT) and General Electric (NYSE: GE) will be holding analyst meetings.

Amgen Inc. (NASDAQ: AMGN) and Johnson & Johnson (NYSE: JNJ) meet Thursday with regulators who will think about limiting the use of their anemia drugs after studies found they increase the danger of death and tumor growth in cancer patients.

Time Warner (NYSE: TWX)’s AOL said Thursday it will acquire social media network Bebo — one of the largest social networks in Britain which has total global membership of more than 40 million — for $850 million in cash.

Apple Inc. (NASDAQ: AAPL) was sued Wednesday over patent infringement allegations. Atlanta-based ZapMedia Services Inc. accused Apple of violating two ZapMedia patents regarding its iTunes on the web music store and iPod music players, both, it claims are using patented method for distributing digital media over the Internet. ZapMedia wants royalties on Apple’s sales of iPods and iTunes music, which reached nearly $11 billion last year.
Meanwhile, more rumors surrounding the iPhone, this time it is said to be going x86.

Google Inc. (NASDAQ: GOOG) is testing a new service called Ad Manager that’ll give Web site publishers more control over their ad sales and ad serving.

Toyota’s (NYSE: TM) president acknowledged the company’s rapid global growth was partly the reason for its quality problems in recent years as it experienced a shortage of experts.

Coca-Cola Co (NYSE: KO) CEO said he company anticipates to achieve strong global growth this year, helped by expansion in emerging markets and a weaker dollar.

Carl Icahn filed a voting proxy on Wednesday to elect four outsiders to Motorola Inc (NYSE: MOT)’s board.

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13 03 2008

Electronic Arts looks to move ‘hostile’ on Take-Two bid

Posted by: in Latest News

Filed under: Earnings reports, Deals, Industry, Electronic Arts (ERTS)

Big video-game publisher Electronic Arts (NASDAQ: ERTS) is sick of being ignored by takeover target Take-Two Interactive (NASDAQ: TTWO). The smaller company states it is trying to find other offers to top the EA bid.

Electronic Arts has decided to make its bid hostile. According to The Wall Street Journal “EA plans a tender offer to acquire Take-Two’s shares for $26 each, the price it offered the company last month.” The tender offer will last though April 11.

Take-Two shareholders should be relieved. No other bid has emerged and several big shareholders have dumped their shares, a sign that the EA offer is as good as it gets. Take-Two shares traded just above $16 before the takeover bid. The company showed a healthy loss in its most recent quarter and management has not articulated any plan to make things substantially better.

Take the money and run.

Douglas A. McIntyre is an editor at 247wallst..com.

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13 03 2008

Before the bell: TGT, AMGN, TWX, GOOG, GE, KO …

Posted by: in Latest News

Filed under: Before the bell, Deals, Google (GOOG), Microsoft (MSFT), Apple Inc (AAPL), General Electric (GE), Time Warner (TWX), Coca-Cola (KO), Motorola (MOT), Toyota Motor Corp. (TM), Target Corp. (TGT), Johnson and Johnson (JNJ), Amgen Inc (AMGN)

Before the bell: Futures decline as dollar reaches new lows; Carlyle fund near collapse

Target Corp (NYSE: TGT) stated on Wednesday that it is in speaks with an investment partner to sell some credit assets, namely credit-card receivables, for about $4 billion. Target’s shares were up 1.7% in after-hours trading.

Microsoft (NASDAQ: MSFT) and General Electric (NYSE: GE) will be holding analyst meetings.

Amgen Inc. (NASDAQ: AMGN) and Johnson & Johnson (NYSE: JNJ) meet Thursday with regulators who will think about limiting the use of their anemia drugs after studies found they increase the danger of death and tumor growth in cancer patients.

Time Warner (NYSE: TWX)’s AOL said Thursday it will acquire social media network Bebo — one of the largest social networks in Britain which has total global membership of more than 40 million — for $850 million in cash.

Apple Inc. (NASDAQ: AAPL) was sued Wednesday over patent infringement allegations. Atlanta-based ZapMedia Services Inc. accused Apple of violating two ZapMedia patents regarding its iTunes online music store and iPod music players, both, it claims are using patented method for distributing digital media over the Internet. ZapMedia wants royalties on Apple’s sales of iPods and iTunes music, which reached almost $11 billion last year.
Meanwhile, more rumors surrounding the iPhone, this time it is said to be going x86.

Google Inc. (NASDAQ: GOOG) is testing a new service called Ad Manager that’ll give Web site publishers more control over their ad sales and ad serving.

Toyota’s (NYSE: TM) president acknowledged the company’s rapid global growth was partly the reason for its quality problems in recent years as it experienced a shortage of experts.

Coca-Cola Co (NYSE: KO) CEO stated he company expects to achieve strong global growth this year, helped by expansion in emerging markets and a weaker dollar.

Carl Icahn filed a voting proxy on Wednesday to elect four outsiders to Motorola Inc (NYSE: MOT)’s board.

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13 03 2008

Before the bell: Futures decline as dollar reaches new lows; Carlyle fund near collapse

Posted by: in Latest News

Filed under: Before the bell, International markets, Deals, Market matters, Electronic Arts (ERTS), Economic data, Oil, Federal Reserve

U.S. stock futures were significantly lower this morning, indicating U.S. stock market could start the day with declines. Following the plummet of global markets, the record high prices for oil with record low dollar, investors seemed nervous when hearing that Carlye fund is close to collapse. If Wall Street got a recent boost from the Federal Reserve’s actions to improve liquidity, that too now seems to have a limited impact.

U.S. stocks couldn’t hold on to Tuesday’s rally and dropped on Wednesday. The Dow Jones Industrial Average fell 46 points, or 0.38%, the S&P 500 lost 11 points, or 0.90%, and the Nasdaq Composite lost 11 points, or 0.53%.

Data on several economic indicators will be reported this day.

At 8:30 a.m. EDT, data on weekly jobless claims, February import and export prices and February retail sales will all be released. Retail sales in the U.S. likely cooled in February and increased a paltry 0.2% according to Bloomberg due to rising fuel bills and a slump in hiring, which means claims probably rose. Excluding autos, retails sales are estimates to have risen 0.2% as well. It will also be interesting to see the impact of the dollar on the cost of imported goods. Economists predict a 0.8% rise in February.
Then, at 10:00 a.m., January business inventories data are due.

Meanwhile, RealtyTrac Inc. reported that almost 60% more U.S. homes faced foreclosure in February than in the same month last year, with Nevada, California and Florida showing the highest foreclosure rates.

Oil prices on Thursday were near an overnight record above $110 a barrel. With the dollar falling below 100 yen for the first time in 12 years and reaching record lows against the euro, it isn’t surprising investors are looking for safe havens in commodities. Again worries about a U.S. economic slowdown and expectations for lower U.S. interest rates affected the dollar, which in turn affected oil prices.

These same worries caused world markets to plunge. The Nikkei 225 index tumbled 3.3% to its lowest in 2 1/2 years. In Hong Kong, the Hang Seng Index fell 4.8%. Meanwhile, in Europe, markets are falling some 2%.

Carlyle Capital Corp., the London-based fund that missed margin calls from banks last week, said late Wednesday it anticipates one of its funds being near collapse and its creditors to seize all of the fund’s remaining assets after unsuccessful negotiations to prevent its liquidation. The news only served to dampen investors’ sentiment.

It seems, though, that all these market conditions don’t affect Electronics Arts (NASDAQ: ERTS) and its intentions towars Take Two Interactive (NASDAQ: TTWO) as the video game maker said Thursday that it has launched a hostile $2 billion (euro1.3 billion) tender offer for its rival, thus taking the offer directly to Take-Two’s shareholders after Take-Two rejected the offer late last month.

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13 03 2008

10News.com - Money

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