Jay Bhatti in E-Commerce Times about Yahoo’s New CEO
Jay Bhatti was quoted by the E-Commerce Times about his thoughts on the Yahoo quarterly earnings call.
Yahoo (Nasdaq: YHOO) announced Wednesday that first-quarter earnings fell by nearly 80 percent and that it will cut 675 jobs as CEO Carol Bartz struggles to revive the ailing Internet company.
The news was not generally jeered by investors, however. Between opening time Tuesday, when they stood at US$13.94, and mid-day Wednesday, when they stood at $14.88, Yahoo shares put on 94 cents, or 6.7 percent.