Marissa Mayer: Yahoo Will Focus More on Search, Core Products: Yahoo's CEO shared her future plans, telling inve...

Marissa Mayer: Yahoo Will Focus More on Search, Core Products

Marissa Mayer: Yahoo Will Focus More on Search, Core Products: Yahoo's CEO shared her future plans, telling inve...

Recently appointed Yahoo CEO Marissa Mayer has promised to make technology innovation the center of the company's future during Yahoo's third quarter investor call. The firm's Q3 earnings for 2012 saw the firm report an income of $3.16 billion, although a $2.8 billion chunk of that came from the company's recent sale of its stake in Chinese firm Alibaba . The sale of the stake means Yahoo now has a cash balance of just under $10 billion, up from $2.5 billion at the start of the year, although it will pay some $2.5 billion in tax on the purchase before the end of 2012. Ignoring the sales, revenues rose to $1.09 billion up from $1.07 billion during the same period last year. Mayer pointed to changing the culture at Yahoo and re-emphasised the company's core products as her goals going forward. "We have a fundamental foundation on which to grow," Mayer said during the call wi...

Full article: http://searchenginewatch.com/article/2219738/Marissa-Maye...

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@semnomic » 28 Oct '12, 6pm
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Taking the "Google" to Yahoo - Marissa Mayer: Yahoo Will Focus More on Search, Core Products [link] via @jamesdohnert @sewatch
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Really behind Marissa Mayer, though noting "Yahoo's search share is challenged" is a little light. Y! future focus:[link]
@jzbecker » 25 Oct '12, 11pm
Mayer: Yahoo's search alliance with Microsoft has "fallen below expectations". Yahoo to renew its focus on search? [link]
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