We continue to believe that the first quarter will be the toughest quarter for online advertising. We expect market growth of only 10 percent year-over-year. We believe growth will then accelerate modestly through the year.
More Quotes from Henry Blodget:
We continue to think some upside is possible to these estimates, despite weakness in the online advertising market. We are not looking for as much upside as in the past, however.Henry Blodget
AOL seems undervalued by almost any measure. If any mega-merger of this size can work, this one can.
Henry Blodget
However, if the company is successful, we believe the cash burn can start to decline significantly in one to two quarters and can last CMGI through break-even.
Henry Blodget
The online advertising market appears to be stabilizing, but we believe it will continue to remain challenging for the foreseeable future.
Henry Blodget
...This consolidation and shakeout in the space will continue for the next few months but longer-term will bode very well for industry leading companies like Amazon.
Henry Blodget
As the shakeout continues, we continue to believe that the Internet spoils will go to the few, not the many. As one investor we respect put it, anytime a new industry emerges, many turtles hatch, few make it to the sea.
Henry Blodget
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