Without a 400 million dollar investment gain from Alibaba, YHOO was flat.

Yahoo threw the kitchen sink at their earnings, trying to put the best possible light on a bad situation. They even included 400 million dollars of "earnings" from their Alibaba investment, and without that gain they would actually have shown flat to slightly negative earnings growth.

I'm still digging through the wire reports to get more info, but things aren't looking good in Sunnyvale tonight.  It's kind of interesting that Google had the same sort of flat-to-negative earnings this quarter but their stock ran up 25 percent.  Where did Yahoo go wrong? Do they need to hire Frank Quattrone to help put a better spin on lousy earnings?

Even though Yahoo made an outrageous prediction that their yearly revenue was going to increase about 40 percent, it appears that Wall Street isn't buying it.  The stock is down slightly afterhours.

This pretty much ends Yahoo's last gasp to stop Microsoft from buying them in a hostile takeover.  Which is a good thing- because it will mean more competition for Google.

Comments

[poopmcsnooble]

"This pretty much ends Yahoo's last gasp to stop Microsoft from buying them in a hostile takeover. Which is a good thing."

This should be numero uno in a book entitled "Sentences You Thought You Would Never, Ever, Ever Read".

So bitter, yet so strangely comical.