CNNFN writes article about This is the Yahoo mess Verizon could be buying:
by David Goldman @DavidGoldmanCNN April 19, 2016: 12:04 PM ET
Marissa Mayer in 90 seconds
Marissa Mayer in 90 seconds
Yahoo is like a homeowner trying to sell a house with a leaky roof and a
crumbling foundation.
All of the company’s glaring holes will come to light on Tuesday, when
Yahoo reports its first-quarter finances. It won’t be pretty.
CEO Marissa Mayer has made little progress over the past four years in
her attempt to turn around Yahoo’s fortunes. Despite spending billions
of dollars buying numerous companies, hiring A-list media
personalities, and shifting the focus to high-growth areas like mobile
and video, Yahoo’s core Internet advertising business has continued to
lose ground to Google (GOOGL, Tech30) and Facebook (FB,
Tech30).
This past quarter, Wall Street analysts expect Yahoo to have posted a
loss, and sales are forecast to have fallen by double digits.
It’s not exactly a great time for Yahoo to be putting its core
Internet business up for sale.
Bids were due on Monday. Yahoo has stayed mum on its potential suitors,
and investors will undoubtedly make a sale the focus of the conference
call with Mayer Tuesday afternoon.
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