Yahoo's Mixed Results May Not Tip Scales

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Yahoo's Mixed Results May Not Tip Scales

By New York Times, published on July 23, 2008 at 12:20 PM
Source: Tom's Guide US | Keywords: Yahoo, Q22008 | Themes: Business

Syndication:

Yahoo’s mixed results may not tip scales. With the slowing economy taking a toll on the online advertising business, Yahoo said Tuesday that its net income dropped by nearly 19% in the second quarter from a year ago as revenue grew at a sluggish 6% rate. Analysts said the results would do little to improve Yahoo’s negotiating position with Microsoft, which has tried to buy all or part of the company.

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