Oppenheimer analyst Sandeep Aggarwal has weighed in on the mortgage-impact-on-online-advertising debate with a careful, lengthy analysis. Despite cutting estimates on Google (GOOG), Yahoo (YHOO), and other Internet leaders, Aggarwal remains "cautiously optimistic" about the mortgage situation. As described here, after performing a similar analysis, we remain cautiously pessimistic. The key differences between Aggarwal’s analysis and ours are: continued here…
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