Yahoo (YHOO) reportedly believes that errors in procedure and in application of law give it...

|By:, SA News Editor

Yahoo (YHOO) reportedly believes that errors in procedure and in application of law give it "numerous" grounds to appeal a $2.7B preliminary award made against the company in a Mexico City court. Analysts are a bit perplexed by the verdict. "It's not clear how the Mexican court arrived at the $2.7B," writes JPMorgan's Doug Anmuth, "but it would represent 40% of our projected 2012 year-end cash balance for Yahoo."