Business

Yahoo's 100 day review is not looking good
by Corina Ciubotaru

It's been 100 days since Yahoo has a new chief executive in the person of Jerry Yang and the company has just ended a little review to check what has been done right and what could be improved. The conclusions are somewhat bad, in the sense that the search engine initiative would probably be better off left alone to vanish and be replaced by Google's searches. It's still a point that Yahoo managers are clinging to when they should be focusing on more important aspects of their business, like maybe social networking; their attempts in this field have so far been shy but they have great potential, since the website combines information from a variety of fields, from real estate to weather. Financial analysts believe that reorganizing the management structure isn't enough to put the company back on top of its game, and since the main rival Google has grown five times as fast during the last year, they may very well be right. Yahoo's revenue has grown by only 10 percent over the last year and analysts are advising investors to hold back until the company figures out what it needs to do next; a sale to one of its bigger partners, like AT&T or News Corp should not come as a shock, but analysts predict the company would be worth more if sold in pieces than as a whole. Whatever the management decides for the future, Yahoo could be rescued if new opportunities are recognized and taken advantage of.

related story: http://uk.news.yahoo.com/rtrs/20071012/tot-uk-yahoo-strategy-b86c26b_1.html

by Corina Ciubotaru for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

posted by Blog TechSource @ 3:23 PM