Yahoo delivers no surprises
As expected, Yahoo announced strong results on yesterday’s conference call (see Reuters) and laid out a detailed strategic plan for future growth (see NY Times).
Honestly, it sounded as if the strategic plan presented was simply another in the long line of Yahoo’s grand plans that sound great but fail in the end to deliver. In fact, these plans might as well have been created yesterday, as no measurable difference in Yahoo’s results or product offering are even visible yet.
As the Reuters piece points out, the financials were strong enough to likely convince Microsoft not to lower its offering price, but this was never a probable scenario.
After trying to make a deal with anybody and everybody with the exception of ProxyMatters.com, and after giving its ultimate pitch on conference call yesterday, Yahoo has no more cards left to draw.
