Microhoo: A Lot of Nothing Happened Yesterday
Here’s the latest on Microyahoogle: MediaPost reports that while Yahoo posted better than expected earnings yesterday, Yahoo’s unchanged outlook on revenue for 2008 may not be enough for the company fend off Microsoft’s unsolicited takeover attempt, or push up its offer price.
Still, Yahoo co-founder and CEO Jerry Yang said Tuesday that the financial results showed the company’s “strategy and investments are starting to pay off” in realizing full value for the Web portal, the report said.
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