Yahoo Misses Street, Cuts Jobs

Sadighi, Lalee
October 2008
Red Herring;10/21/2008, p4
Trade Publication
The article reports on the financial performance of search engine Yahoo in the third quarter of 2008 and confirms rumored layoffs. Yahoo investors were skittish in morning trading, sending shares lower $0.79, or 6.14 percent, to $12.07 ahead of the earnings call. The ailing web search pioneer had frustrated many shareholders this year when it turned down a $31 per share takeover offer from Microsoft and decided instead to pursue a controversial ad-sharing deal with Google.


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