Yahoo Gets Benefits from Alibaba- But is Now the Time to Buy?

Think about what's coming up for Yahoo. You have Google with its foray in wireless, and Amazon's squeeze on business-to-consumer and consumer-to-consumer shopping. Yahoo may get a short-term bump from Alibaba's IPO success, but fundamentally, Yahoo is being valued in terms of a price/earnings ratio close to Google. I think Yahoo still needs to provide a clearer strategy for positioning itself in the minds of search and commerce Internet users. Yahoo is making progress in advertising in terms of strategy, but how will it position itself to stay in (or return to) users' most favored sites? In the meantime, Alibaba shows the demand for companies that have potential to continue leading in their markets and grow revenue and profits. Alibaba has a lot of potential, and so do other Chinese companies in growth industries. There are large international markets for alternative energy, financial services (when concerns about US subprime subside), and media.