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Yahoo misses profit expectations in what could be its last-ever earnings report

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Re: Yahoo misses profit expectations in what could be its last-ever earnings report

#51

Earlier quoted context omitted.

Wouldn't the prudent thing to do be to sell at least enough stock to pay the tax? If not allowed to sell at that point- just short stock to have the equivalent effect (minus fees)? Something else I've never understood to be rational - If you wouldn't buy $10 in yahoo stock- why would you hold it because you have it? My uninformed but seems logical answer would be sell the stock you got, pay the tax and buy and index…

> Wouldn't the prudent thing to do be to sell at least enough stock to pay the tax? It's not liquid yet, that's the issue. That's what is nice about most RSU plans -- they immediately sell to cover, so you don't receive a ton of stock with an attached tax bill. But illiquid options are different; the capital gains tax is for the paper-wealth you just received. That same paper wealth can evaporate, but the tax bill re…

So you have an asset that is considered worth a price, but you cannot buy it or sell it at that price? Seems to me an unfortunate tax policy.

Re: Yahoo misses profit expectations in what could be its last-ever earnings report

#53
post #31

Has there ever been a successful turnaround of a software company of Yahoo's scale? Mayer has been tech news' pinata for over a year now, but the company was sliding before she was even hired. Looking through a list of dead Yahoo services, it reads as an obituary of region specific social networking sites and forgettable web services[1]. Social sites are notoriously fickle, and boosting one to popularity is somewhat…

> Imagine if Google's last product was Docs. No Android, no Doubleclick, no Street View, no autocomplete in search, no Chrome.

Android, DoubleClick, Google Maps (Where 2, ZipDash), Google Earth (Keyhole), and Google Docs (Writely, 2Web, Tonic, DocVerse, Quickoffice) were built of acquisitions, not new Google products. Chrome, too, in a sense (WebKit).

Thought experiment: what if Yahoo!, not Google, had acquired all those companies instead?

Re: Yahoo misses profit expectations in what could be its last-ever earnings report

#54
post #31

Has there ever been a successful turnaround of a software company of Yahoo's scale? Mayer has been tech news' pinata for over a year now, but the company was sliding before she was even hired. Looking through a list of dead Yahoo services, it reads as an obituary of region specific social networking sites and forgettable web services[1]. Social sites are notoriously fickle, and boosting one to popularity is somewhat…

Does Redhat count?

Re: Yahoo misses profit expectations in what could be its last-ever earnings report

#55
post #6

Its taken them a while, all their peers except for Amazon have essential gone to the dust. If Geocities had been bought by say Google instead of Yahoo I could have easily flipped my options into my own startup. However dot bomb hit so hard instead of wealth I was left holding a huge capital gains tax bill that forced me into 10 solid years of hardcore poverty as most of my income was confiscated to pay off the debt.…

Have you written more about this? I would love to read more details.

One person who avoided this was Mark Cuban, who bought a bunch of Yahoo! put options when broadcast.com was acquired, hedging himself against the stock crash.

Re: Yahoo misses profit expectations in what could be its last-ever earnings report

#56
post #48

Earlier quoted context omitted.

There are very few pure-play software companies. Microsoft is simply alone in its class as a large, pure-play, shrinkwrap software company. Adobe might come close. IBM, Oracle, SAS, PWC, Deloitte, McKinsey, PeopleSoft, and many other firms bundled software with at the very least consulting services. IBM, along with Sun, HP, Digital, and other vendors sold (or leased) both hardware and software, along with consulting…

That is a good point. Google is also a hardware company, they just didn't sell any of it until recently (App Engine/Cloud).

Google generate revenue through advertising, and more of that by locking up the advertising networks and market than through user data.

They also have exceptionally good technical execution on backbone infrastructure. I'm impressed by how good they are, I really am. As well as at not fucking up upgrades to software that runs on top of that.

But their understanding of, and attitudes toward, end users really, really, really stinks. Perhaps not massively worse than the rest of the industry, but certainly no better.

Re: Yahoo misses profit expectations in what could be its last-ever earnings report

#57
post #41

Earlier quoted context omitted.

I mostly know that him through reading about his daughter on TMZ

Haha! Terry Semel is where the "Yahoo is a media company" thing began. http://www.zdnet.com/article/can-terry-semel-yahoo/ http://www.wired.com/2007/02/yahoo-3/ I'm still puzzled by Yahoo's hiring Semel, more than any other executive mentioned in this thread. (e.g. hiring Fiorina for HP made sense at the time).

He was from hollywood, right? No "tech" experience? In some ways he was right. A lot of "tech companies" are media companies now. Was he ahead of his time? A poor exec?

Re: Yahoo misses profit expectations in what could be its last-ever earnings report

#58
post #10

Poor execution, lack of innovation. At least Mayer can run for public office now...

We have no idea what happened at Yahoo. They may have failed two years earlier without Mayer, for all we know.

At on of the first "all hands" meeting, she decided to read a children's book. We know what happened: terrible leadership and terrible judgement.

Re: Yahoo misses profit expectations in what could be its last-ever earnings report

#59
post #39

Earlier quoted context omitted.

Apple, of course. It's probably the biggest turn-around story of our time.

Apple turned around by moving much more heavily into consumer hardware, specifically the iPod and then the iPhone and iPad. It was not really a software turnaround, though that was a smaller part of it.

[deleted]

Re: Yahoo misses profit expectations in what could be its last-ever earnings report

#60

Has the valley ever seen a more hyped, yet disappointing hire than Mayer?

Carly Fiorina?

As per Wikipedia: "several commentators ranked Fiorina as one of the worst American (or tech) CEOs of all time"

Then as a punishment for being a shitty CEO: "In 2010, she won the Republican nomination for the United States Senate in California; "

Overall she looks like at least a good challenger to Myers.

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