Yahoo profit soars

[temi]

Yahoo, fending off a takeover bid from software giant Microsoft, said its profits tripled in the first three months of 2008.
The internet firm reported income of $542.2m (£271.5m) compared with $142.4m in the same period a year earlier.
Yahoo is seeking to prove it is worth more than Microsoft's unsolicited $44.6bn (£22.3bn) offer.
But despite beating forecasts, Yahoo's performance did not convince analysts that the firm merited a better bid.
"This is better than (Wall) Street was expecting. This might pose some issues for Microsoft," said Jeffrey Lindsay, analyst at Sanford C Bernstein & Co.
"It's less likely Microsoft would succeed with a lower bid. They wouldn't be able to reduce their price."



source/full story: news.bbc.co.uk/1/hi/business/7361931.stm

 

[kappa84]

It is such a small revenue comparing to Google's....Yahoo is going down down, their final hope is MS for sure...

 

[vicdigi]

It is such a small revenue comparing to Google's....Yahoo is going down down, their final hope is MS for sure...

Toss Google aside for a brief moment. How can Yahoo be going down down down?
There profits grew substantially! Surely this is not a company in turmoil.

 

[kappa84]

Vic, I was only comparing its revenues with Google's, that's why I said that.

 

[arora]

That's good news! I do not want a Monolithic Google - controlling all the Internet & telling us what to do!!!

I hope Yahoo pulls thru & gives G -some competition!