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October 12, 2008 10:37:42 AM CDT

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An Independent Yahoo Is Hard to Imagine

Posted Jul 23, 08 12:09 PM CDT in Technology,  Opinion,  Business 

(Newser) – Yahoo’s earnings report yesterday didn’t portend an immediate turnaround, Catherine Holahan writes in BusinessWeek, meaning the company must do something to meet the “grandiose claims” it made in rejecting Microsoft’s bid. Some still see Yahoo ultimately taking that path, and expanding its deal with Google is another option that might justify Yahoo standing firm on its third-quarter and yearly forecasts.

Though investors might get some idea of its future direction when Carl Icahn and his two chosen fellow directors come aboard Aug. 1, Yahoo, Holahan writes, “will need to show that, weak economy or not, it is capable of accelerating growth and generating more revenue from its search business. That requires Yahoo to do better than Wall Street's worst expectations.”

Source BusinessWeek

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A Times Square news ticker flashes a headline about Microsoft above a billboard for Yahoo.   (AP Photo/Mark Lennihan, File)
Yahoo CEO Jerry Yang poses in front of the Yahoo booth at the Consumer Electronics Show in Las Vegas.   (AP Photo)
A sign outside Yahoo headquarters in Sunnyvale, Calif.   (AP Photo/Paul Sakuma, file)
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