Search Network:

« Further proof that advertising a bad product never works! | Main | How to be a Wall Street tycoon! »

Jan30
Do you Yahoo? Yeah, but for how much longer?

After a few weeks of speculation and rumors, the knife finally came out at Yahoo, and while the blood bath wasn't as radical as some thought it might be, it was still painful -- 1,000 jobs are going, which is about 7% of the workforce. The grim news was accompanied by grim quarterly results and a grimmer outlook. Net income dropped 23 percent from year-earlier numbers, and revenue projections were less than expected. Co-founder and CEO Jerry Yang told analysts the company just needed a little more time for its restructuring to pay off. "We are not tinkering around the edges," Yang said. "We are making significant, and what we believe are game-changing, investments in Yahoo's future." Sorry Jerry, not too many people are with you on this one and the rumors are rife that a takeover is in Yahoo's future. With the company sitting at $25B, with a net-of-holdings value of $10B, most bets are that Yahoo! will not be independent by July 4th. And as you know anyone taking it over will slash overhead even more. So Yahoo'ers don't have a happy fourth to look forward to!

Fourth%20of%20July.jpg.

Yeah... But what kind of fireworks?

related entries


2 Comments/Trackbacks




» Know More Media Review: Layoffs, Takeovers, Super Bowl and a Day to Wear Red from Know More Media
Another week chock full of hot news buzzing across the network. From the Yahoo layoffs and possible takeover; to “heartache leave” and National Wear Red day, Know More Media authors had plenty to say. For starters, today is National... [Read More]

» Related News Stories from Connecting News, Commentaries and Blogs at NineReports.com
Yang indicates Yahoo is in no rush ...Blogged about at Do you Yahoo&6; Yeah, but for how much longer&6; - adhurl, Yahoo Chief Executive Jerry Yang signaled to Microsoft Wednesday that he is in no hurry to accept its $44. [Read More]

submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« Further proof that advertising a bad product never works! | Main | How to be a Wall Street tycoon! »

Advertise

recent comments

    sponsored ads



    subscribe


    Prefer Email?
    Subscribe below-

    Enter your Email:


    Powered by FeedBlitz What's this?

    Current News

    Support This Blog

    blogroll



    Available to order at Amazon
    My site was nominated for Best Marketing Blog!

    business social media

    Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

    BIZZlogos - Add your logo - free link to your site
    BIZZphotos - Add photos of your products and people
    BIZZprofiles - Submit your profile and build your online visibility
    BIZZspotlight - Spotlight your business with free links
    BIZZvideos - Videos about businesses, products and business people.
    BIZZbites - "Digg" for Business - Submit your articles and posts

    Advertising / Branding

    know more media network

    View Network Map

    Network Feed List (OPML)

    Know More Media Network
    Feed


    we support unitus

    PRWeb

    Influencer



    AdHurl is a member of the Know More Media network of business related blogs.

    Here are some current headlines from some of our business publications:

    ProductivityGoal

    CallCenterScript

    AdHurl

    TheBizofKnowledge

    LandingTheDeal

    CustomersAreAlways

    HealthCareVox

    BrainBasedBusiness

    TheInsurancePolicy

    MarketingBlurb