TITLE

Yahoo Misses Street, Cuts Jobs

AUTHOR(S)
Sadighi, Lalee
PUB. DATE
October 2008
SOURCE
Red Herring;10/21/2008, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36603030

 

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