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Yahoo! profits! drop! 19! per! cent!

Discussion in 'News' started by Echo419, July 23, 2008.

  1. Echo419

    Echo419 FS Owner

    Yahoo!'s profits took a significant tumble during its last fiscal quarter, falling 19 per cent from the same quarter last year. But CEO Jerry Yang says the company's health is pretty darn good considering the turmoil that's surrounded it since Ballmer came calling bid back in February.

    "The indicators of Yahoo!'s progress are promising," Yang said during a conference call with industry analysts and reporters. "Frankly, I think Yahoo!'s ability to perform is especially impressive in light of the extraordinary events surrounding the company this year. It has been nearly six months since Microsoft made an unsolicited proposal for Yahoo!, and everyone here - the board, management, and over 14,000 Yahoos around the world - have continued to work towards one goal: maximizing value for our shareholders."

    [​IMG] View Full Article: The Register
     

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