Yahoo! (YHOO) Will Never Recover – Wall Street declares the internet giant “dead as doornail”.
Posted in legit stuff, Top News on 06/22/2009 08:20 am by onionrings - 150 views
Yahoo! (YHOO) will never recover from its botched negotiations with Microsoft (MSFT), in which the larger company offered to buy it in early 2008. The initial offer was for $44.6 billion, or $31 a share. Yahoo! turned the deal down and by November of last year, its stock traded below $9.
Yahoo!’s new CEO, Carol Bartz, has made a series of mistakes early in her tenure, and the company probably cannot recover from them either.
Yahoo!’s current dilemma, from a financial standpoint, is that it is not growing and operates on razor thin margins. In the first quarter, the firm made only$121 million on $1.82 billion in revenue. The company has no significant margin to keep its earnings positive if revenue drops. Bartz’s initial answer to this was to let people go. Yahoo! fired 1,500 staff members beginning late last year, to save $400 million annually. That may only be the beginning of employee reductions if sales remain weak.
Read on:
via Why Yahoo! (YHOO) Will Never Recover – 24/7 Wall Street.
Related posts:
- [PIC] MyVibe Thighs-On : First, Best, Hottest iPhone Vibrator App #sex
- [fan mail] The internet – its serious business. That’s far and away, THE top reason PAO is on it. #internet
- [giant wolf] GIANT WOLF discovered in Mass town
- Better Red than Dead
- The toilet fact post. You can bring this one into the crapper with you. #facts #readingmaterial













06/22/2009 at 8:49 am
I am thinking of buying shares in PAO is this a pubic traded company?
06/22/2009 at 11:53 am
i think i buy PAO too – how much?