Yahoo & Intel

You don't need to read us to get views on the weak earnings from Yahoo and Intel, though if we find anything unique and interesting we'll send you to it.  Just a few words.  Check how much Yahoo! will be spending on stock options in 2006, according to the guidance they gave yesterday it'll be somewhere in the ballpark of $420-$450 million.  That compares to a mere $52.4 million in 2005, an enormous increase.  Given how many new people Google has been adding, we can expect to see major wage inflation over the coming year. (Update: Om has a differing opinion in this matter, check it out)

As for Intel, they continue to face surprising competition from long-time also-ran AMD:

"AMD may have taken a point of share from us," Bryant (CFO Andy Bryant) told  Reuters in an interview.

Asked if AMD had gained ground in the desktop market where Intel saw unexpectedly weak sales in its fourth quarter, Bryant said the market share loss was "overall, but desktop was where it would have been".