We expect the challenging environment for online advertising to continue into the second quarter 2001, three-to-six months longer than we had originally expected. Because of this, we are not able to raise our bottom line estimates.
More Quotes from Henry Blodget:
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.Henry Blodget
Our estimate for fourth quarter product revenue is approximately 1 billion. To achieve our estimate, we believe Amazon has to book about 750 million in the eight week holiday season. Our back-of-the-envelope analysis of the Delight-O-Meter suggests it is off to a solid start.
Henry Blodget
We do not expect significant upside to our estimates. As we have said before, we believe the company is going through an awkward transition from a hyper-growth, revenue momentum story to a long-term growth and earnings story. Despite its growing pains, we continue to believe long-term, patient investors will be rewarded.
Henry Blodget
We remain enthusiastic about eBay's business model and market leadership position.
Henry Blodget
Every hour that the average user spends online, AOL pays for it directly, yet the average user only pays a flat rate of 21.95 a month. So if usage continues to go up, AOL's cost continues to increase and this is something they've started to control over the last several quarters.
Henry Blodget
AOL seems undervalued by almost any measure. If any mega-merger of this size can work, this one can.
Henry Blodget
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