Yahoo! Inc. (NASDAQ:YHOO): Current price $27.14
On Tuesday, Yahoo! said that it had named Dawn Airey as senior vice president of its Europe, Middle East, and Africa operation, where she will report to Chief Operations Officer Henrique de Castro. Airey will replace Christophe Parcot, who has served as the Yahoo! interim chief of EMEA, on November 1. The former has worked in television for 30 years and has held senior positions in most of the commercial broadcasters in the United Kingdom and most recently served as president of a division of RTL Group.
Nokia Corp. (NYSE:NOK): Current price $4.06
Nokia shares are down by about 1.5 percent just before noon in New York, perhaps due to a note earlier in the day by analyst Pierre Ferragu at Sanford Bernstein. Ferragu wrote that the firm’s smartphone has not connected with consumers and appears to be “playing out,” which holds dire warnings for the upcoming third quarter.
The note reads, in part, that, “At the start of the year, our view was that Microsoft Windows Phones were not meeting any consumer traction and that Nokia’s smartphone shipments would peak again in the second quarter. All signs point to this scenario playing out at the moment. Windows 7 shipments will no longer contribute to sales going forward and Windows 8 ASP and margins have declined 26% and 5 points respectively since the launch at the end of last year. The most striking data points are for marginal ASPs for Windows Phone.” Ferragu maintained his Underperform on the stock, with a price target of €1.50.
Zillow Inc. (NASDAQ:Z): Current price $81.53
The real estate site Zillow saw its shares down a bit more than 4 percent at noon Tuesday, one day after the firm priced its public offering of over 5 million common shares at $82 apiece. However, the stock closed at $84.74 on Monday, up 124 percent year-over-year.