Wednesday, December 06, 2006
Slumping Yahoo to undergo makeover
By MICHAEL LIEDTKE, AP Business Writer
SAN FRANCISCO - Yahoo Inc. (Nasdaq:YHOO - news) will undergo its most extensive shake-up in more than five years, hoping to snap out of a malaise that has ravaged its stock and provoked one of its own top executives to bluntly question the Internet powerhouse's direction.
Under the overhaul announced late Tuesday, Yahoo vowed to rein in a sometimes-rambling product expansion that has bogged down its earnings growth and threatened its position as the Internet's most popular site as more buzz built up around upstarts like MySpace and YouTube.
The streamlining will bunch Yahoo's disparate operations into three core groups focused on its Web site's audience, advertising network and technology..."
By MICHAEL LIEDTKE, AP Business Writer
SAN FRANCISCO - Yahoo Inc. (Nasdaq:YHOO - news) will undergo its most extensive shake-up in more than five years, hoping to snap out of a malaise that has ravaged its stock and provoked one of its own top executives to bluntly question the Internet powerhouse's direction.
Under the overhaul announced late Tuesday, Yahoo vowed to rein in a sometimes-rambling product expansion that has bogged down its earnings growth and threatened its position as the Internet's most popular site as more buzz built up around upstarts like MySpace and YouTube.
The streamlining will bunch Yahoo's disparate operations into three core groups focused on its Web site's audience, advertising network and technology..."
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