Yahoo seems to have a habit of failing to capitalize on its early position of advantage. Besides Geocities, another example of their failure to expand on a purchase is OVERTURE (formerly known as goto.com) There's a few others in their portfolio. Plus, many parts of Yahoo's portfolio are gold mines--but not to yahoo. For example: Yahoogroups and Yahoochat. The way Yahoo is going, I wouldn't be surprised if the company gets sold for a song sometime in the near future
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Originally Posted by Pleasurepays
Earnings: Yahoo: Net Income Down 78 Percent; Will Cut Five Percent of Work Force
By Joseph Tartakoff - Tue 21 Apr 2009 01:25 PM PST
Hammered by a weak online advertising market, Yahoo (NSDQ: YHOO) reported steep drops in net income and revenue during the first quarter and, as expected, announced another wave of layoffs?this time, five percent of its workforce.
Results were largely in line with expectations. The company posted net income of $118 million ($0.08 per share), down 78 percent from the $537 million ($0.11 per share) recorded during the same period a year ago. Revenue for the company?s first fiscal quarter dropped 13 percent to $1.58 billion, from $1.8 billion a year ago. On average, analysts had expected earnings per share of $0.08 cents and revenue of $1.63 billion.
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