Yahoo! dumping products in turn-around plan

Scott Thompson is the latest CEO for Yahoo promising a splashy turnaround, and despite tech pundits rolling their eyes as if they have heard this all before, the earnings look upbeat for his first full quarter on the job. Yahoo pulled in 23 cents a share on $1.07 billion in sales for the first quarter, the company said Tuesday. Earnings topped analyst estimates, while revenue, up a scant 1 percent from last year, came in as expected, reports Julianne Pepitone for CNN Money. Thompson, seated in the big chair since only this past January, said Yahoo is "transitioning" about 50 properties that are struggling to attract users or revenue in a bid to streamline. "Yahoo has been doing way too much for too long," he said. He didn't specify which specific sites and units will be affected. The company also will undergo a massive shuffling of its staff in an attempt to become a nimbler competitor. "Yahoo has built processes that were originally intended to help us scale, but they've become way too complex and have stifl

Yahoo! dumping products in turn-around plan

Yahoo! is dumping products along with workers in a quest to return the faded Internet star to glory.

Wed 18 Apr 12 from Phys.org

Yahoo beats profit expectations, details strategy

Shutting down or "transitioning" about 50 properties that struggle to attract users or revenue in a bid to streamline units.

Tue 17 Apr 12 from USA today

Yahoo sees profit rise in quarter

Struggling Internet firm Yahoo sees its net income rise 28% to $286m in first three months of the year.

Tue 17 Apr 12 from BBC Technology

CEO Scott Thompson To Cut 50 Properties: "Yahoo Has Been Doing Way Too Much"

CEO Scott Thompson outlined a vision today of how Yahoo can start growing as a company again. His big theme: Focus, focus, focus. "Yahoo has been doing way too much for too long and was only ...

Tue 17 Apr 12 from TechCrunch

Yahoo Q1 Results: Revenue Flat Year-Over-Year, Net Earnings Up 28%

Yahoo today reported its financial results for the first quarter of 2012, and after three years of declining annual revenues, the company looks like it may just be on track to stop the streak ...

Tue 17 Apr 12 from TechCrunch

Yahoo taps PayPal exec for new commerce group

SAN FRANCISCO (Reuters) - Yahoo Inc hired PayPal's former head of products to help oversee its newly-formed commerce group, as the Web pioneer looks for new ways to reignite growth.

Tue 17 Apr 12 from Reuters Technology

Yahoo taps PayPal exec for new commerce group, Mon 16 Apr 12 from Reuters Technology

Another Year, Another Yahoo CEO Promising A Turnaround?

Scott Thompson is the latest CEO for Yahoo promising a splashy turnaround, and despite tech pundits rolling their eyes as if they have heard this all before, the earnings look upbeat for his ...

Wed 18 Apr 12 from RedOrbit

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