All Over But the Yodeling: Comparing Conference Calls for Yahoo and Google
Google’s results solved the mystery over the whereabouts of Yahoo’s revenues. With twice the revenue base growing nine times as quickly, there just isn’t much of a competition going on. The differences come through loud and clear when one compares the conference calls.
Eric Schmidt
Well, thank you very much, Kim. As everybody can see from the press release, we are ecstatic about our financial results this past quarter. Before I start talking about how well we did this quarter, I would like to remind everybody as I have each year at this time, that we are about to enter our seasonally slower summer growth period, and make sure you factor that in when thinking about how our business will grow.
(Excerpt from full GOOG conference call transcript)
Googlers have reason to be exstatic, and Schmidt’s attempt to rein in analyst enthusiasm (to keep the estimates low enough to be blown away again next quarter) does nothing to dampen it.
Terry Semel
Good afternoon, everyone. Let me begin by reminding you of our strategy, designed to enable us to capture the future growth of the Internet.
(Excerpt from full YHOO conference call transcript)
‘Cause Lord knows they aren’t capturing its present growth.
Sometimes I worry that we spend so much time talking about all the new things that we don’t focus as much on the core business, especially in our marketing and messaging.
Excerpt from full GOOG conference call transcript)
That worrying about focus will most likely mean they never have to say:
Over the past six months, we have made clear our intention to sharpen Yahoo!’s focus on our key customer segments and our strategic priorities.
(Excerpt from full YHOO conference call transcript)
Both companies talked extensively about growth opportunities. Yahoo talked up Panama, while Google discussed the acquisition of Doubleclick. But what is clear is that Yahoo’s plans are all about catching up, while Google is looking to cement its lead.
Like this article? Why not try out:
