January 28, 2009
Yahoo Results Better Than Expected
Yahoo beat analyst estimates on earnings though the company wound up with a net loss for the last quarter of 2008. Speculation is rising over a potential deal with Microsoft. New CEO Carol Bartz said she didn't come to Yahoo to sell the company, though if some type of deal was interesting that created shareholder value, she'd look at it. Microsoft's lust for Yahoo may have dimmed a little with the disappointing financial results it posted recently. That with announce layoffs, and the deteriorating credit market makes one wonder if such a deal is viable? On the other hand, Google is still not going away, bad economy or not. Buying part of Yahoo may be the best shot Microsoft is ever going to have to grow market share for search. So who knows. We'll just have to see how it all unfolds.
January 28, 2009 | Permalink
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Tracked on Sep 17, 2009 10:34:25 AM