Yahoo Posts $303M Loss on Charges

Schachter, Ken
January 2009
Red Herring;1/27/2009, p1
Trade Publication
This article reports that Carol Bartz, the new chief executive officer (CEO) of Yahoo!, ruled out wholesale dismemberment of the company as it experienced a loss during the fourth quarter in 2008. In after-hours trading, the company's shares increased to $11.34. Bartz stressed the value of the company's search business and the need to get value if any transaction were consummated. The company experienced a net loss of $303 million. Factors that contributed to this loss include its goodwill impairment charges related to its European operations and Microsoft's failed bid to acquire the company.


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