There have been several articles about Yahoo cutting staff and hitting harder times with a much reduced market cap.
Yahoo profit decline prompts 1,000 layoffs, Michael Liedke, AP via Globe and Mail (Jan 29) -- "The Sunnyvale-based company disclosed the upcoming 7 percent reduction in its 14,300-employee work force Tuesday while reviewing a 23-per-cent drop in fourth-quarter profit and a cautious 2008 outlook. The bad news sent Yahoo shares skidding to their lowest levels in more than four years."
Yahoo still standing at fork in the road Jon Swartz, USA Today (Jan 29) -- CEO Jerry Yang demonstrated new Yahoo products and indicated a new direction at the Consumer Electronics Show. ... "Yang, who co-founded Yahoo in 1994, is engineering a broad strategic overhaul in the recent tradition of other high-tech titans who have returned to their struggling companies. Whether he is as successful as Steve Jobs was at Apple (AAPL), for example, remains to be seen."
Yahoo's Search for a Vision by Robert Hof, Business Week (Jan 22) -- Should Yahoo give up on search and pay Google? Or should it sell out to Microsoft? Neither seems too likely.
How To Dig Out Yahoo!'s Treasures Sramana Mitra, Forbes (Jan 29) -- points out areas of excellence at Yahoo: Yahoo Finance, sports coverage and ads, Yahoo mail, News, and it has areas it can exploit such as photo sharing at Flickr.
Posted by Gwen at January 30, 2008 12:53 AM