monkeyman

Yahoo Quietly Closes GeoCities

"Is it any revelation that enormous bloat accumulated under the leadership of Jerry Yang, the world’s worst manager, and the guy who infamously turned down the $35/share bid from Microsoft?"

Bloat? I don't recall Jerry Yang doing any major hiring while he was CEO... He stepped into it. And before he had a real chance to do anything, he was distracted by the whole Microsoft takeover bid... How strong would Yahoo and Microsoft be right now if the deal went through? He saved a ton of jobs and both companies by not letting that deal go through AND you have no idea what the "real" talks were behind the scenes, unless you do, in which case we would all like to know.

On a side note, I use Yahoo as my primary search engine, because they return relevant results more so than Google does for me. I use Google only if I need to find something very abstract from my search results. This seems to be the sentiment from more and more professionals based on what I've noticed around me.


On Apr 23 04:00 PM Mad Hedge Fund Trader wrote:

> Many more divisions will go. The paint peeled off the walls while
> Yahoo (seekingalpha.com/symbo...) CEO Carol Bartz laid
> out her assessment of the firm’s many challenges at yesterday’s conference
> call in language that would make a Marine drill sergeant blush. I
> knew Carol when she was at Autodesk in Marin, and believe me, she
> is no shrinking violet. She said that the engineering focus had scattered
> to the wind, with engineers in almost every country. There was one
> product manager for every three engineers. No surprise then, that
> she announced 700 layoffs after the 2,400 that were axed last year.
> YHOO’s Q1 earnings actually came in line, with a $117.6 million net
> on $1.58 billion in revenues, thanks in large part to a $401million
> gain on a Chinese Internet company. No comment on the Microsoft negotiations.
> Is it any revelation that enormous bloat accumulated under the leadership
> of Jerry Yang, the world’s worst manager, and the guy who infamously
> turned down the $35/share bid from Microsoft? Time to put the grownups
> in charge.

Yahoo: Where's Icahn as Stock Dips Below $10?

Seriously? We're discussing this? Look, if Yang made the deal w/ MSFT, shareholders MIGHT have been better off considering the current economic situation, but the company definitely would NOT have been, especially considering the current economic situation.

Compare the charts of YHOO, GOOG, and MSFT:

finance.yahoo.com/echa...;range=1y;compare=msft...

Both Yahoo and Google are moving comparatively, as well as MSFT. Yahoo is not like Ford or GM, it is making money and it isn't dying. Their search is actually better than Google, particularly for technical and specific searches, and they are gaining market share in the search market. There's too many people stuck on the quick buck they could have made ( which is only if they sold their shares once the buy-out happened, otherwise, they'd be losing if holding onto converted MSFT stock or reinvesting in the market ).

Icahn did not care about the shareholders, he did not care about Yahoo, or the employees of Yahoo. He cared about making a quick buck. He bought a few hundred million shares averaging in the mid 20's and hoped to get them sold to MSFT at $31 a share ( people keep quoting $33, but that was never on paper ). And Icahn is probably not losing as much, or any, money right now, because he most likely hedged all of his shares by buying PUTS on them ( did no-one notice the premiums on the stock options during that time? ).

Yahoo's stock price right now is where it is at mainly because of the economy, just like many, many other companies out on the market. The company I work for has seen it's stock price drop 70-80%, and is below the actual worth of the company, when we're meeting all of our guidelines and even raising them.

Yahoo Launches Ad Campaign to Lure Searchers From Google

I agree with grishick. There's a reason Google developed Android and a reason they bought YouTube and a reason they sponsor Firefox...

Has anyone done the math on the number of FIrefox 3.0 downloads versus the number of increased hits for Google?