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Senators Threaten Ban On 'Net Data Disclosures To Foreign Governments
Senators Dick Durbin and Tom Coburn ask Microsoft CEO Steve Ballmer, Yahoo CEO Jerry Yang, and Google chief Eric Schmidt to not help censor or repress Internet users.
Information Week  –  9 hours, 57 minutes ago  ¦  comment?
found in Technology: Internet
Yahoo CEO remains upbeat despite lackluster 2Q
SAN FRANCISCO (AP) -- With Microsoft's $47.5 billion takeover bid off the table and his company's stock price down 20 percent during his 13-month reign as Yahoo's CEO, Jerry Yang has a message for his exasperated shareholders: Things aren't as bleak as they look....
AP  –  Jul 23, 2008 9:01 PM [GMT]  ¦  comment?
found in Technology
Yahoo CEO: 'This company is doing just fine'
With Microsoft's $47.5 billion takeover bid off the table and his company's stock price down 20 percent during his 13-month reign as Yahoo's CEO, Jerry Yang has a message for his exasperated shareholders: Things aren't as bleak as they look.
MSNBC.com  –  Jul 23, 2008 5:48 PM [GMT]  ¦  comment?
found in Business
Yahoo CEO remains upbeat despite lacklustre quarter
“This company is doing just fine in a tough economy and a tough environment,” says Jerry Yang
The Globe and Mail  –  Jul 23, 2008 12:43 PM [GMT]  ¦  comment?
found in Technology
Jerry Yang Committed To Remaining Yahoo CEO
Despite a bruising freshman year as CEO of the company he co-founded 14 years ago, Yang said he looks forward to Icahn joining him on the board.
Information Week  –  Jul 23, 2008 12:36 PM [GMT]  ¦  comment?
found in Technology: Internet
Photo from Yahoo! Yahoo CEO remains upbeat despite lackluster quarter
AP - With Microsoft's $47.5 billion takeover bid off the table and his company's stock price down 20 percent during his 13-month reign as Yahoo's CEO, Jerry Yang has a message for his exasperated shareholders: Things aren't as bleak as they look.
Yahoo!  –  Jul 23, 2008 11:32 AM [GMT]  ¦  comment?
found in Top Stories
Yang Sidesteps Poor Earnings, Ad Woes
Jerry Yang dodged another bullet yesterday as Yahoo! reported mediocre second-quarter earnings despite distractions from the merger dance with Microsoft and a weakening advertising market. Analysts and investors were closely watching Yahoo!'s...
New York Post  –  Jul 23, 2008 08:02 AM [GMT]  ¦  comment?
found in Business
US economy: Yahoo's profits dip 19% as firms cut back on internet ads
The scale of the challenge facing Yahoo's embattled management became clear yesterday as the internet company revealed a 19% fall in quarterly profits and admitted that America's weakening economy is hurting online advertising. Yahoo, which has been at the centre of takeover speculation for much of the year, said that in the three months to June it spent $22m (£11m) on advisers and lawyers to help it fend off Microsoft's unsolicited offer of $47.5bn. Jerry Yang, the company's founder, said the bid battle had not deterred staff from day-to-day activities, although the firm's profits still fell from $161m to $131m. "It should be obvious that this has been a challenging period for our employees," said Yang. "But people have remained remarkably focused." Yahoo said that tough economic conditions had eroded expenditure on display advertising by some clients, particularly those in finance and packaged consumer goods. The company said it remained committed to online searches in spite of Google's widening leadership. Susan Decker, Yahoo's president, said initiatives such as an application platform, SearchMonkey, provided promising opportunities. "Innovation in search has a long way to go," she said. "Many users still don't get what they want in the first results from their search." Yahoo's figures came out 24 hours after the company struck a peace deal with billionaire critic Carl Icahn, who was waging a campaign to unseat the entire board. Icahn, who favours a sale to Microsoft, is to become a director. In unofficial trading after the close of the Nasdaq stockmarket, Yahoo's shares fell by 1.25% to $21.40 - well below the $33 offered by Microsoft's proposed buyout in May. But some said the figures were not as bad as they had feared. Jeffrey Lindsay, an analyst at stockbroker Sanford Bernstein, said: "These results are poor, but relative to what people were expecting, they're not so bad." With Icahn on the board, Yahoo's leadership team will face greater pressure than ever to improve the firm's performance or to sell assets such as the company's Asian interests. Yang made it clear that he intends to remain chief executive: "I'm more excited than ever to push Yahoo to the next stage, and I look forward to updating you on progress," he said.
The Guardian  –  Jul 22, 2008 10:22 PM [GMT]  ¦  comment?
found in Technology
Live blog: Yahoo discusses second quarter
CNET - Yahoo's financial results came in lower than analyst expectations for revenue and net income, but the stock is trading higher after hours. Here are highlights from what Chief Executive Jerry Yang, President Sue Decker, and Chief Financial Officer Blake Jorgensen have to say about the second quarter during the company's conference call.
Yahoo!  –  Jul 22, 2008 9:04 PM [GMT]  ¦  comment?
found in Technology
Yang and Icahn: an uneasy peace
In an odd twist in the battle for Yahoo, Jerry Yang and Carl Icahn must now figure out how to work together. Icahn once had dismissed the...
The Seattle Times  –  Jul 22, 2008 7:18 PM [GMT]  ¦  comment?
found in Local: Washington: Seattle-Tacoma