Beating expectations: Yahoo!’s first-quarter earnings more than triple. I Hope this will ruin MS hostile take over.
ahoo! The Sunnyvale, Calif.-based web portal, which is trying to fend off a takeover attempt from Microsoft Corp., reported income of $542.2 million, or 37 cents per share, compared with $142.4 million, or 10 cents per share, in the year-ago quarter. On an adjusted basis, Yahoo earned 11 cents per share.
Revenue rose to $1.82 billion from $1.67 billion. Excluding traffic acquisition costs, revenue rose to $1.35 billion from $1.18 billion.
I hope this good news will change Major Yahoo’s share holders mind about pressuring its management to accept Microsoft bid to take over the company.
As you might know that Yahoo faces stiff completion from Google, which has the largest market share on search and ads. Far away from Yahoo!.
I hope Yahoo keeps doing well, and avoid MS hostile take over, it is not good for online startups. Because if Yahoo and Microsoft merge, you have less company to acquire yours and if MS acquired your competitor you can not bed that yahoo will acquire yours, since they are the same company.
Here is the full earning report.