Yahoo! Seen Faring Better Than Google In Wireless - Forbes.com

NEW YORK - Banc of America Securities analyst John Janedis highlighted announcements made by Google (nasdaq: GOOG - news - people ) and Yahoo! (nasdaq: YHOO - news - people ) surrounding their push into wireless and multimedia at the 2006 Consumer Electronics Show in Las Vegas, which ended Sunday. Yahoo! announced the launch of Yahoo! GO, which will enable users to access Internet content on TVs and mobile devices. Meanwhile, Google introduced its partnership with Motorola (nyse: MOT - news - people ) to bring Google to Motorola handsets. Google also announced a video search capability, with software allowing users to migrate across TV and PC-based platforms. “On the wireless front, we believe Yahoo! will fare relatively better given its carrier relationships and myriad network services it offers to its large and growing user audience, which continues to be the largest aggregation of Internet users,” the analyst said. The report also noted query growth seems to be slowing. “We believe key word pricing on more popular terms is up in the low double digits year-over-year based on our proprietary survey,” he said. Yahoo! remains one of the analyst’s top picks in the Internet media sector with a rating of “buy” and a target price of $46. Google is his least favorite, with a rating of “neutral” and target price of $420. Janedis’ other top pick in the sector is Monster Worldwide (nasdaq: MNST - news - people ) with a rating of “buy” and $45 price target.