Yahoo tops Q1 as online ad revenue jumps over $1 bln - Internet Services - Media - Services/Consulting - Internet - Newsmakers - SEC

Yahoo tops Q1 as online ad revenue jumps over $1 bln - Internet Services - Media - Services/Consulting - Internet - Newsmakers - SEC

POUNDING THE TABLE

Have I been pounding the table hard enough for you in regard to Yahoo and Google? Yahoo had a sharp increase in advertising revenues and the indications are that Google took market share. If true, Google could announce a fantastic quarter on Thursday.

EBAY announces tomorrow. EBAY is spending like a kid in a candy store trying to "win" the China market. Until the battle is over, EBAY may announce revenue growth in its established markets but weak profit growth.

Google traded up as much as $12 per share after the Yahoo announcement. Jim Cramer keeps talking about $5 earnings, a $50 multiple and a Google price of $250. At the rate of growth in earnings, $5 annually may be an understatement. By the end of the year, the rate may be projected at $7 annual and the multiple might jump to $60 to be in line with the growth rate. Wow, I am not predicting $420 per share by year end but it could happen.