ANTICIPATION
For long-time Yahoo! shareholders, this two-year performance chart of Yahoo! vs. the Nasdaq is one of the reasons anticipation had been building up to the completion of the company's once 100-day strategic review next month. But this piece via Reuters suggests a longer wait:
"A major overhaul at Yahoo Inc (NasdaqGS:YHOO - News) appears unlikely as a result of a strategic review being undertaken by the company, the Wall Street Journal reported in its online edition, citing people familiar with the matter.
New Chief Executive Jerry Yang said in July he would deliver a new strategic plan for the company within 100 days to help the company respond to rapid changes in consumer behavior on the Web and competition from rival Google Inc (NasdaqGS:GOOG - News).
Yang has internally played down the significance of the 100-day timeline and no big strategic announcements are planned at the end of that period next month, the Journal reported."
It'd be interesting for shareholders to get at least a summary of the findings from the 100 day review, that leads to the "no major overhaul" conclusion".
On the one hand it's commendable to have the courage not to jump to major actions for the sake of action, especially given the fish-bowl Yahoo!'s been of late. The internal "Peanut-butter" memo hoop-la from last year, is but one example of that.
At the same time, it's important for stakeholders to understand better why major inaction is the right action. We'll stay tuned for the formal results in a few weeks' time.
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