Updated 3:23 p.m. PDT with additional information following Yahoo's conference call.
Yahoo earnings soared during its first quarter on the back of an advertising revival, cost cuts, and the realization of its search deal with Microsoft.
Revenue in the first quarter was $1.6 billion, up just 1 percent from the first quarter of last year. Excluding traffic acquisition costs, net revenue was $1.13 billion, or roughly flat with analyst expectations of $1.17 billion. Revenue from display advertising on Yahoo's site grew 20 percent compared to the prior year.
Net income was $310 million … Read more
Google continues to demonstrate that an online advertising recovery is well under way, at least when it comes to search advertising.
For its fiscal first quarter, which ended March 31, Google on Thursday reported revenue of $6.77 billion, up 23 percent from the same period last year. Financial analysts evaluate Google's revenue performance by excluding traffic-acquisition costs paid to Google's partners, which totaled $1.71 billion. That puts net revenue at $5.06 billion, slightly ahead of analyst estimates of $4.95 billion for the quarter.
Net income was $1.96 billion, up 38 percent from last … Read more
Options for computer-based personal finance management have proliferated in recent years, both in terms of software and Web-based services. Personal Financial Statement Software is, as the name implies, another entry into this field, and we can't say we're terribly impressed with it. It looks nice and works well enough, but its features simply don't compare with many of the other options that are available.
The program's interface is well-designed and attractive, and it's quite easy to use. A wizard-style dialog guides users through the process of entering their assets and liabilities, and users are able … Read more
Aunt Jill Schlesinger joins the show today to talk about the value of bagels. That's right, for the last two days, Wilson has started the show by munching down on his new brunch fave: an onion bagel with lox and vegetable cream cheese. She makes her recommendations for the best bagels in town, and you might be surprised to find out that she's in love with a bagel made by a Vietnamese guy. In the meanwhile, she tells Justin that given his meager investments of 16 cents in his IRA, he should just file the 1040EZ.
When we finally get into some questions, Jill spreads her financial love. First up was a question about whether you should pay down student loan debt first or shove cash under your pillow. Aunt Jill says the equation is simple. First, have about 6 to 12 months of living expenses saved up. Second, pay down your debt if the interest rate is higher on the debt than your savings, which more than likely is the case now.
Next, we had a question about whether to throw your money into a 401(k) account. One listener doesn't trust the market, but given his age, Jill says he should man up and put his money into the market. He has 40 years of work left and during that time the market is going to go up. There will be some downs, she says; however, she believes there will be more ups than downs. Jeff thinks at the rate Social Security is going, though, that he might have another 70 years left of working.
We got a lot more questions answered on this surprisingly educational episode of The 404. Just to keep it in the tech world, we asked Jill if there were any technology-related investments we should make. Jill points out that this is the ultimate "put all your eggs in one basket" for people who work in tech! Spread the risk! Wilson thinks that he should take all his money out of APPL right now.
As usual, we love having Jill on the show. If you have any more questions for her, be sure to add her on the Twitter at @jillonmoney. In the meantime, add The 404 at @the404, or the rest of the guys at @rhapsodyartist, @jeffbakalar, and @malusbrutus. Plus, you can check out her daily ramblings at CBS MoneyWatch. Call in and leave your Jill love at 1-866-404-CNET (2638). Tomorrow, we have the lovely Alison Rosen on the show to talk all manners inappropriate.EPISODE 530 Subscribe in iTunes audio | Suscribe to iTunes (video) | Subscribe in RSS Audio | Subscribe in RSS Video
Updated 3:33 p.m. PST with additional details from conference call, and at 4:40 p.m. with additional information.
Yahoo continued to ease its way back to financial respectability in its fourth quarter, beating estimates from both itself and Wall Street despite a decline in revenue.
In a press release Tuesday, Yahoo said it took in $1.73 billion in revenue during its fourth quarter, down 4 percent from the same quarter last year but up 10 percent from the third quarter. That exceeds the high point ($1.7 billion) of the guidance range Yahoo provided after the … Read more
Jill Schlesinger joins the show today after a few months with her presence. A lot has changed since then, we got stickers, the U.S. Senate has 59 Democrats, and now ABC is doing promos for CNET.com. (The 404 Podcast and CNET are owned by CBS.)
Yep, you read that right. On the ABC show "Modern Family", Phil and Clair Dunphy argue about a new universal remote control, and in the course of talking about being a male cheerleader, Phil mentions that CNET gave the remote a smokin' hot "three and a half mice." Unfortunately, we switched from numbers to stars rather than mice. Jeff and Jill think it's the new "Arrested Development" on Fox plus "The Office" on NBC.
Speaking of NBC, Jill weighs in on the whole Jay Leno and Conan O'Brien debacle. She wishes she could get paid 40 million dollars not to work, but we're glad to see Conan sticking up for his staff.
Finally, Jill offers some good financial advice this year. It's tax season, and she recommends that you readjust your tax withholding because you're essentially giving the government an interest-free loan for a whole year. Otherwise, whip out a 1040EZ, a glass of scotch and just do your taxes. It ain't that hard.EPISODE 502 Subscribe in iTunes audio | Suscribe to iTunes (video) | Subscribe in RSS Audio | Subscribe in RSS Video
Microsoft CFO Chris Liddell is trading in his old job for a new role at General Motors.
GM announced Monday that Liddell will join the automaker at the start of 2010 as its new vice chairman and chief financial officer.
As Microsoft's CFO since May 2005, Liddell led the company's global finance group where he managed a variety of tasks, including acquisitions, corporate strategy, treasury activities, tax planning, accounting, internal auditing, and investor relations. Microsoft said that during this past fiscal year, it slashed costs by $3 billion and rewarded investors with $14 billion in dividends and stock … Read more
Money Forecaster makes predictions about your financial future based on your current fiscal condition. Although we like the idea of this program and think it could be quite useful, we found it confusing and frustrating to use.
First impressions count, and Money Forecaster's interface is nice enough to look at and seems fairly intuitive. According to the Quick Start guide, the program is quite simple to use: just configure your accounts, add your income and expenses, and set your money goals. However, it turned out to be more complicated than it sounds. Money Forecaster allows you to set up … Read more