Yahoo Profits Down!

Yahoo had a drop of 18 percent for this quarter.  A lot of investors did think it would be a greater amount then what it was.  This drop is mostly because of the fear inventors are having on the future of Yahoo.  And let’s not forget the huge bill that Microsoft and Mr. Icahn cost Yahoo.  I believe the total cost so far in the second quarter is around $22 million.  Now the total cost is somewhere in the ballpark of $36 million.  This huge amount of money was going to adviser and legal fees.  It’s hard being a publicly traded company trying to stop an unsolicited takeover bid.  What’s next for Yahoo is anyone’s guess.  I think they will pull through this mess and come out on top, you’ll see.

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This entry was posted on Tuesday, July 22nd, 2008 at 11:20 pm and is filed under Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.