Is There A White Elephant In The Room At YHOO?

Posted: April 18, 2007 in Uncategorized
Again YHOO disappointed.  Can’t remember the last time they didn’t have ugly headlines.
 
Lesson #1 for YHOO CEO Terry Semel should be:  Don’t go out of your way to brag about the quarter unless you’re going to knock it out of the park.
 
Lesson #2:  Don’t say lightning rod type things like:
 
     "I feel really good," he said. "The results are great and we are very happy with what we have done so far."
 
#1:  Why do you feel good?  Your stock is down almost 12% as of this writing.
 
#2:  Why are the results great?  They clearly fell short and you clearly had to know that.  That’s why your stock is down almost 12%.
 
#3:  Why are you very happy with what you’ve done so far?  What you’ve done so far is fall farther behind GOOG in virtually every metric.
 
To be fair, this quote could easily be taken out of context.
 
What’s not being taken out of context is Jim Cramer’s opinion:
 
     "I believe that this Terry Semel-Sue Decker management team must be the best thing that ever happened to Google."
 
Wow.  Ouch.
 
Another disappointing quarter, another data point for why non-technologists should not run technology companies.
 
Makes you wonder how Semel continues to get huge stock option grants, eh?
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