Yahoo.com - Articles - Zimbio

No More Yang For Your Buck

Mon, 18 Nov 2008 05:46:16 GMT

posted by botlife
Jerry Yang, the co-founder and current CEO of Yahoo is stepping down his position as CEO. I knew it was a move that had to be done after blowing the Microsoft Deal. Microsoft was prepared to purchase Yahoo for 47 million dollars, which was well above market price and very fair. Now their stock is trading at $10, over three times lower than Microsoft’s offer of $33. Investors have lost their butts and I am surprised he doesn’t have a contract out for him. I bet Yang is wishing that he invested his money in a time machine versus having Yahoo stock right about now.

Jerry Yang email to Yahooers : 10% of You are FIRED!

Tue, 22 Oct 2008 03:01:19 GMT

posted by hasan_889

Yahoo’s financial report for the Q3 is out and despite reporting a not so bad financial conditions contrary to what was being predicted the past couple of days, the company is still set to reduce its work force by an equivalent 10% reduction on its payroll. That percentage is roughly equivalent to around 1,500 Yahoo workers who are about to lose their job.

Getting into the details of Yahoo’s Q3 Financial Highlights. Net income for the company is pegged at $54.3 million or 4 cents per share with a total revenue of $1.79 billion. Yahoo’s reported earning excluding charges is posted at 9 cents per share which despite of attaining its estimates is still a couple of percentage down from last year’s accomplishment for the same period which was $151.3 million or 11 center per share for a total revenue of $1.77 billion.

Here is Jerry Yang’s Email to Yahoo! Employees:

From: Jerry Yang [mailto:jerry@yahoo-inc.com]
Sent: Tuesday, October 21, 2008 2:20 PM
To: all-worldwide@yahoo-inc.com
Subject: update

yahoos,

i feel it’s important for me to reach out to you after our earnings announcement, and before our all hands meeting tomorrow.

we as a company have been through a tremendously challenging year; and managing the increasingly turbulent global advertising climate has been an important focus for the last three months.

throughout the first three quarters of 2008, we have been balancing between investing in our top priorities, and managing our cost structure. beginning in september, with the help of Bain & Co., we initiated a series of steps to determine how we can become more efficient and productive as an organization.

we heard from you through the YEES survey, and through your suggestions on backyard, and we’ve identified many areas that we all feel we can improve upon. our productivity efforts, based in part on what we heard from you, will involve initiatives such as streamlining our organizational structure through reducing layers and increasing spans of control, and eliminating redundancies. longer term structural efficiencies include consolidating facilities, improving procurement, and standardizing our global technology platforms.

today as part of our q3 earnings release, we said that our goal is to reduce our current annualized cost run rate of roughly $3.9 billion by more than $400 million before the end of 2008. we are targeting non-headcount expenses wherever possible, such as facilities and outside services. however, because compensation expenses are the single largest part of our costs, we anticipate a reduction of at least 10% of our global workforce by year-end.

affected employees will be notified of layoffs in the next several weeks. we understand that hearing this news now creates uncertainty, but we are moving ahead in a way that balances speed with a clear focus on accomplishing what is necessary to set the organization up for long term success. going forward it will continue to be important for us to make the right decisions to keep our business efficient and strong.

having layoffs is very difficult, particularly in light of all we’ve experienced this year. but we don’t take these decisions lightly, and are committed to treating affected employees fairly, offering severance and outplacement services.

the steps we are taking are not easy for us as a company, but as we become more fit as an organization, decision-making will be faster and it will be easier for us all to get more done and stay focused on our strategy. these changes will also prepare us to better deal with the macroeconomic downturn. as with previous downturns, yahoo! continues to be a place where consumers turn for information and communications, and is an integral part of their internet day. as the global economy improves in the future, i certainly believe that we will be stronger and benefit from the actions we are taking now.

as always, i thank you for all you do as yahoos.

best,

jerry

Source: Jerry Yang Email To All Yahooers: 10% Of You Are Fired
Yahoo to Fire 1,500 Workers (Updated)

Yahoo - A Reseller Of Google Ads

Fri, 14 Jun 2008 03:42:14 GMT

posted by onlinedownloads

After the Microsoft - Yahoo talks failed, and then the later announced that it will run Google Ads along side Yahoo search results. This deal adds additional revenue of $800 million a year to Yahoo Inc. As per the agreement, Google Ads will be shown in the Yahoo search results in US and Canada.

Though this deal will not come into effect immediately, sources say that this will take a minimum of 3-4 months period after getting clearance from U.S Justice Department.

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Google has almost two-thirds share in search engine market mainly in US and Canada. Even most of the Search Engine Optimization experts feel that this alliance will do harm to Yahoo in the long run.

Trade analysts say this as a bad business decision that strengthens Google. Instead of giving a competition, Yahoo has agreed this deal simply for money. Google – Yahoo strategic deal will give more than 90% of the search ad market to Google. Finally time will only tell where this deal is heading towards?

Yahoo Free Toolbar Dowload

Sun, 7 Apr 2008 03:03:00 GMT

posted by cheapdanny

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End Of Yahoo Microsoft Story

Wed, 12 Jun 2008 23:12:00 GMT

posted by sunil_gupta20801
Yahoo Inc. today denied any kind of possible business transaction with Micrsoft. Earlier Microsoft made an announcement that it is interested to acquire Yahoo's search business.
In response to Microsoft possible acquisition of Yahoo's search business, Yahoo today announced that such a transaction would not be in the best interests of Yahoo! stockholders.
Read full article here.