• by Joe Mandese  @mp_joemandese, January 4, 2012

In a quick assessment of Yahoo's naming of PayPal President Scott Thompson as its new CEO, Wall Street analyst Doug Anmuth of J.P. Morgan said the move is a "material loss" for PayPal parent eBay, and that while Thompson's lack of media and advertising experience is "somewhat of a concern," his track record on technology and user experience is a plus for what is required of a "rapidly evolving Internet space."

His operations and technology background , Anmuth wrote in a note to investors, "hints at a renewed focus for Yahoo! around products, platforms, and advertising technology. In particular, we believe Yahoo! could focus more on programmatic selling of display and search campaigns using greater capabilities around real-time bidding, data mining, and personalization. We believe this is critical to Yahoo! competing with Google and Facebook in the display space going forward. In addition, we would not rule out Mr. Thompson leveraging his eCommerce and payments background at Yahoo! to potentially partner with other eCommerce players including eBay or even Alibaba down the line."