They're managing their growth quite well.

Yahoo has a tendency to beat street expectations and has always done so. That's the sort of thing that investors like to see.

If you track the IPO stock action over the last couple of months, you'll note that the pop off the IPO has actually started to fall over a period of time.

I think it's going to be a big trend and that's evidenced by a bunch of things, one of which is the emergence of companies like Juno.

My view continues to be a general, high-volatility sideways stock action through the summer. After the summer, however, I am a strong bull in terms of believing that the stock action will move up.