AAII - West Suburban Sub-Group in Naperville, IL . . . Newsletter & Information Blog

Friday, October 26, 2007

YAHOO Comes to Life

Co-founder-turned-CEO Jerry Yang either has the gift of gab, or the numbers simply did the trick. In an October 16 earnings call he outlined a multiyear plan to reverse yahoo's declining fortunes.

Yahoo! will innovate around its home page, mail service, search site, and other popular properties from which users start surfing. And then there were the third-quarter results: profits down 4.6%, but revenues up 12%.

The stock jumped around 8% on October 17. And Intel earnings also shone, leaping 43% for the quarter.

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