Yahoo profit up, revenue down and lanches new homepage
July 22, 2009
Internet search engine and portal Yahoo Inc released a result that did not cause much surprise in the city, Yahoo’s profit fall by 13%, the current economic downturn was blamed for the fall. Revenues into Yahoo’s coffers for the quart dropped to £953m, and reduction of roughly 13% when compared with profile with the same quarter last year.
Cost cutting and efficient management of resources mean that despite the drop in revenue, Yahoo’s profit rose by about $10 million. Shares in Yahoo fell on the back of the result and the forecast that income in the current quarter will be between between $55m to $65m.
New Homepage Launched
Just before the business side of Yahoo released revenue results yesterday, they were unveiling Yahoo’s new homepage to the US users. Yahoo’s portal is the most visited website on the internet, to keep that position the new Yahoo homepage come in customisable format that make integrating other popular sites Yahoo users visit such as Twitter and Facebook into their Yahoo homepage. A Yahoo spokes person was quoted as saying: “There is a destination for everything you are about in just a click or two. Now we are looking at Yahoo holistically, all centred around the user,” Mr Bhat told reporters in a conference call.
Yahoo’s new homepage comes with over 60 applications, users and developers are being encouraged to develop and plug in their own application to enhance their user experience. Users can add their own apps at the moment in the form of a web address they want Yahoo homepage to load, with developers, its more technical and that aspect of Yahoo’s new homepage is now live yet.
Yahoo winning searched on mobile
December 2, 2008
Yahoo has not had much good new to announce recently with its stock trading below $10, its CEO announcing that he is stepping down and not making any profess in reducing Google desktop search dominance.
Well, there is some good new for Yahoo on other front, it recently signed and exclusive deal with Virgin Mobile to power searches on the mobile phone of Virgin’s four million users. This brings Yahoo’s share of mobile search engine users in the UK to 80% and 850 million world wide.
BBC quoted Graeme Oxby, managing director of Virgin Mobile, as says the deal with Yahoo”ensures our customers have all the information they need at their fingertips”.
Yahoo and Icahn reach agreement
July 21, 2008
Yahoo management and Carl Icahn, the share holder who seeks to replace the entire Yahoo board because of the way Yahoo handled Microsoft bid for Yahoo has reached and agreement. The agreement expands Yahoo board from eight members to eleven members. The new board comprise of the existing eight Yahoo board members, Mr Icahn and two of his nominees.
The agreement meant Mr Icahn will not seek to replace the entire Yahoo board as he threatens to do at next board meeting.
Yahoo agrees ad deal with Google
June 13, 2008
The death of Microsoft interest in taking over Yahoo has lead to Yahoo to tie up a deal it has been negotiating with Google. The agreement will see Google’s advertising technology.
Google ads will appear alongside some Yahoo search results in the US and Canada.Recent talks concluded after Yahoo rejected a Microsoft proposal to buy just its online search business.
Up to £400 additional revenue
Yahoo said the agreement with Google could be worth up to £410m) in additional revenue annually for Yahoo. chairman and chief executive of Google, Eric Schmidt said”This commercial agreement provides Yahoo with the opportunity to deliver more relevant ads to users and provide advertisers and publishers with better advertising technology.
Carl Icahn – Yahoo sabotage Microsoft deal
June 5, 2008
Carl Icahn one of the most vocal of Yahoo shareholder has claimed the Yahoo board deliberately “sabotaged” Microsoft’s bid to buy the internet company.
Investor Carl Icahn claimed the board went to “inordinate lengths” to prevent the $47.5bn (£24bn) merger deal with Microsoft going ahead.
Mr Icahn has said he wants to remove the Yahoo board.
But Yahoo disagree with Mr Carl Icahn, saying that it did not agree to Microsoft takeover because it was not in the best interests of its shareholders.
