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Tuesday, May 19, 2009

Citi: Worst May Be Over for Internet Stocks

inflating-balloonMore fuel for the “things may not be getting worse, and may even be getting a little bit better” meme that I’ve been detecting (or perhaps promulgating ) recently: Citigroup analyst Mark Mahaney notes that the Internet stocks he covers are up an average of 28 percent so far this year while the tech-heavy NASDAQ is only up seven percent and the broader S&P is down two percent. If this keeps up, we might have an M&A market again. Wouldn’t that be interesting?

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Wednesday, November 12, 2008

Yet More Google Estimate Cuts: Big Online Marketers Slashing Ad Spending

Even more Wall Street analysts are cutting their estimates for Google, making the reasonable argument that if the world’s economy stinks, that might have some impact on the world’s biggest media company. To be more specific: Citigroup’s Mark Mahaney says that big online advertisers Amazon, eBay, Expedia and Priceline will all be making big cuts in their Web ad budgets this quarter.

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About Peter

Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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