We have told investors and traders worldwide what it would take the start the rally and this here has to stop and bottom out for the markets to look forward as they have no clarity and therefore the selling keeps up.
We are going to be teach people how this works going forward in our SMF Economic Club you can sign up now by sending an email to info@stockmarketfunding.com or by calling us today at 702-685-0772 we will be happy to update you so that you can start planning your futures moving forward.
Jefferies is pessimistic about growth in 2H:FY09, but believe that Windows 7 will be available before Christmas, driving upside to Client revenue starting in December.
Firm expects mgmt to deliver a steady ~35% op margin, cutting more headcount if revenue slows, while still spending heavily to pursue search share.
They don't expect Microsoft to rebid for Yahoo (YHOO) soon, but believe it's likely they eventually return to the idea of purchasing the entire asset.
Time seems to be on their side given the anti-trust drumbeats starting to surround Google (GOOG) and the slide in equity valuations, which makes it unlikely another strategic or financial investor will change the status quo in the overall search market.