NY Times [nytimes.com]
|Yahoo said that its net income for the quarter fell 64 percent, to $54 million, or 4 cents a share, from $151 million, or 11 cents a share, a year earlier. Excluding the cost of stock options and other items, income was $123 million, or 9 cents a share, compared with 11 cents a share a year ago. |
I bet all the investors who voted against selling yahoo to microsoft are really sorry now. They had a deal and blew it. Time for a CEO change.
What do 15 THOUSAND employees do there? The directory is dead, the PPC is messed up, advertisers that gave up on them aren't coming back, they obviously don't work in customer service ( :-) ) etc.
No wonder things aren't going well.
Agreed. Yahoo, IMHO is terribly mismanaged to the point that it no longer is credible as a search engine or directory as search results are severely lacking.
And y'all could do better?
Our small no-name company has only 15 employees but we regularly use Yahoo products. From email, to chat to sports pages and stock quotes...yahoo is number one between us all.
Why y'all so negative?
They need people for producing and managing real content, they are not just scraping and using some tags from the overture suggestion tool to pull the content.
|They need people for producing and managing real content |
Manage it yes, but the vast majority of their content is syndicated. Not a lot of original content on their site.
Yahoo is far from dead. They're biggest problem is innovation.
Peasants always enjoy seeing the elite have problems?
Whatever issues Yahoo has they're still the web's most popular portal.
Yeah, last I checked, Yahoo was much more than a search engine a a relatively popular site.
Take a look at where the money was spent and it paints a far clearer picture.
That said, as a shareholder, I can't say I am please that they spent all that cash on the MS deal and still blew it!
Once again, so what?
Mmm, conflicting information:
The mismanagement of Yahoo is going to go in a book somewhere. Absolutely snatching defeat from the jaws of victory at every turn.