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After a rough 2006, Yahoo must reassure Wall Street that new search tool Panama will be a success and that it has a plan to compete with Google and MySpace.Will Yahoo's fourth-quarter earnings and guidance for 2007 be smooth or chunky?
That's the question on investors' minds in the aftermath of the now infamous Peanut Butter Manifesto - a memo by a Yahoo executive leaked to the media last November that took the online media firm to task for spreading itself too thin - and a subsequent management shake-up.
Put up or shut up time for Yahoo! [money.cnn.com]
Yahoo! Inc., owner of the second-most popular Internet search service, may report its slowest fourth- quarter revenue growth in five years after delaying new advertising software.Sales probably rose 23 percent to $1.32 billion, not counting revenue passed onto partner sites, based on the average estimate of 29 analysts in a Bloomberg survey. Profit excluding some items may have fallen to $200.3 million, or 14 cents a share, from 16 cents a year earlier.
Yahoo, unable to gain market share on Google Inc. and fighting off new sites such as MySpace, designed the software to get users to click on more ads. In a shakeup last month, Terry Semel, chief executive officer of Sunnyvale, California-based Yahoo, also promoted Chief Financial Officer Susan Decker to oversee all ad sales.
Yahoo May Post Slower Revenue Growth After Delaying Ad Software [bloomberg.com]
