Chad Brand

Yahoo's Report Tonight Unlikely To Impress

Investors seem to be reacting positively to the ahead-of-schedule release of Panama in after-hours trading. However, there is no guarantee that Panama will indeed allow YHOO to regain market share from GOOG. It is possible, clearly, and YHOO is banking on it, but let's see some evidence before we draw that conclusion.

I was not short YHOO due to the Panama delay, but merely because of the valuation gap with GOOG. YHOO does have a wider product offering compared with GOOG, but let's not forget that YHOO is still mostly about search. After all, they get 88% of their sales from search.