Yahoo nears 100 day review end as Wall Street expects big decisions

Date October 20, 2007

Yahoo is nearing its 100 day strategic review end. This has brought out mixed reactions from various analysts and investors tracking this space. Some analysts expect Yahoo to sell off its web search business to Google while other analysts feel that Yahoo should partner with competitors of Google to form a coalition to take on google. Yahoo has been making acquisitions of late to bolster its key businesses while pulling down the shutters on some of the fading out ones. Wall Street expected Yahoo to report a Q3 expected earnings of 8 cents per share and a revenue of $1.24 billion. On the other hand Google is expected to report its results which are anticipated to be more than 5 times that of Yahoo.

Category Posted in US Stock Market