- Thomas Weisel Partners analyst Christa Quarles said Getty Images´assets, such as iStockphoto, add value.
She said iStockphoto could bring in as much as $83 million in 2008 alone. [up from an estimated $51,5 million in 2007] [...]
But Quarles says Getty Images is being too slow with the [job] cuts.
"Should a buyer or even the company itself take a dramatic cut to the company´s cost structure, we believe the entity would become much more attractive to the current discussed take out value", she said.
- Canaccord Adams analyst Steven B. Frankel said he is not surprised that management is willing to sell.
"They tried multiple strategies to turn the company around and haven´t been able to reinvigorate it", he said. "It´s a slow-growth business and I don´t think it will go back to being a high-growth business like it once was."
Quoted from Forbes/Ruthie Ackermann: "Getty Images Goes for the Gold".
