sex hikayeleri interior desing escort fethiye escort denizli porno hikaye kredi kartı borç sorgulama sitesi yayında ziraatbank borç sorgulama
TECHNOLOGY NEWS
August 10, 2012 12:00:00 AM
  Follow @ Twitter

Yahoo! stock price slid today on word that freshly-appointed chief Marissa Mayer could overhaul the struggling Internet pioneer's strategy to regain its faded glory.

Mayer is re-evaluating Yahoo's plans, including a promise that billions of dollars from the sale of part of its stake in Alibaba Group in China would be channeled to stockholders, probably by buying back shares, according to paperwork filed with the US Securities and Exchange Commission.

"Ms Mayer is engaging in a review of the company's business strategy," Yahoo! said in the filing.

The review may lead to changes to "previously announced plans for returning to shareholders substantially all of the after-tax cash proceeds of the initial share repurchase" under the terms of a deal inked with Alibaba in May, according to the SEC paperwork.

"In short, Mayer may keep the cash to bolster the books or she may use it for deals or other purposes," Jon Ogg wrote in a blog post at investment website 24/7 Wall St.

"This is how a new CEO can manage to irk shareholders who are wanting some payback for their patience."

Yahoo! shares dropped 3.56 percent to $15.44 in after-market trading.

In May, Yahoo! raided its archrival in its latest quest for resurrection, hiring Mayer when she was a key Google executive to start Tuesday as the struggling Internet pioneer's new chief.

Mayer -- one of Google's first employees -- is now arguably the most prominent woman in Silicon Valley and a rare female CEO at one of America's largest firms.

Yahoo! has been trying to reinvent itself as a "premier digital media" company since the once-flowering Internet search service found itself withering in Google's shadow.

As the company strived for a new identity, it saw an exodus of talent that commenced during a failed bid by technology giant Microsoft to buy Yahoo! four years ago for about $45 billion.

Yahoo! has been cutting jobs in a purge aimed at becoming a "smaller, nimbler, more profitable" company.

AFP


 

Euro 2016


PREVIOUS STORY
Facebook 'like' in court over free speech
NEXT STORY
Google fined $22.5mn over Safari privacy violation

Bookmark and Share
   




FIJI NEWS
Sapkal is new Indian envoyVishvas Sapkal is India’s new High Commissioner to Fiji.
SPORTS
Malolo makes impressive startMalolo opened its campaign in the 89th Sangam Inter District Championship on an impressive note tonight at Prince Charles Park and registered a 2-1 victory over Salovi.
BUSINESS
Fiji Airways, Jetstar seal interline dealFiji Airways and Jetstar today announced an interline agreement that will see the Fijian flag carrier connect to more than 21 destinations on Jetstar’s network from Singapore.
WORLD
Pope prays for peace in Syria, KoreaPope Francis prayed for a "political solution" in Syria and for "reconciliation" on the Korean peninsula in his first Easter Sunday message in front of a crowd in St Peter's Square.
ENTERTAINMENT
James Blake debuts new videoJames Blake has debuted the music video for I Need A Forest Fire feat Bon Iver.
TECHNOLOGY
Fiji receives ICT awardFiji’s efforts in harnessing its ICT sector has been recognised by the International Telecommunications Union and Prime Minister Voreqe Bainimarama yesterday received the ICTs in Sustainable Development Award in New York.
NEWS SPORTS INFOTAINMENT MOBILE HOT TOPICS FOLLOW US ON