Investors in the U.S. stock markets weep Jerry Yang seems to be no tears after. The stock rose post in New York by 4 percent, on Monday evening after the message was like that of the 40-year-old founder of Internet search engine resigns.
On the Frankfurt trading floor put the stock on Tuesday knapßp 17 percent to 9.80 euros. However, trading in Yahoo shares in Germany because of a relatively low liquidity limited expressiveness.
Yang was under massive pressure from investors and analysts advised after the takeover of Yahoo by the software company Microsoft had burst in the summer. They had hoped that many that Microsoft Yahoo from the terminal could help. Because the search engine operators struggling with declining profits and currently has about 10 percent of the world's stress points.
Yang resisted Microsoft
Microsoft had Yahoo for more than 40 billion U.S. dollars to buy want to share the dominance of the Internet group Google in the booming business with advertising around the online search to break. Yang, however, repeatedly refused and instead wanted an alliance with Google received. Google's plans but left a few weeks ago because of competition concerns and protests guardians of advertisers burst.
Yang's resistance against Microsoft pushed many investors on Wall Street to sour. Because the offer was well above the market valuation of Yahoo. Currently, the company is on the stock market just yet with 14.8 billion U.S. dollars assessed. From a bonus Yang is also nothing left: The stock is in the past twelve months increased by 60 percent crashed.
Competition on the stock lost
Yang was founded in 1994 with Yahoo. But the Internet was a pioneer in the years come. Especially the rival Google has in recent years, dynamic and had firmly at the forefront of Internet search engines established. Only in June 2007, Yang had again taken over the helm to the company again to bring success.
Competition with Google, Yahoo also has lost on the stock. Google comes to market at a value of 94.5 billion U.S. dollars. That is more than six times as much as the market capitalization of Yahoo.
Yahoo shares highly rated
Despite the low price trend that Yahoo's share is still very rated: The price-earnings ratio based on the profit forecast for this year is even more remarkable 18.9. This means that theoretically 19 years earnings per share would be needed to purchase a share abzubezahlen. The economically successful competitor to Google - also based on the profit estimate for 2008 - at a price-earnings ratio of just 15.4.
Added to that, Yahoo's share has been worse than Google and even worse than its benchmark index, the composite index of the U.S. Nasdaq. To the turn of the millennium quoted the Yahoo title temporarily when more than 100 dollars. But this era seems given the current development of Yahoo to almost prehistoric - the face of price levels of less than one tenth compared to back then.
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