Yahoo on Wednesday said it bought e-commerce platform start-up Lexity, racking up its 20th acquisition since Marissa Mayer became chief last year. …read more
Source: FULL ARTICLE at Phys.org
Yahoo on Wednesday said it bought e-commerce platform start-up Lexity, racking up its 20th acquisition since Marissa Mayer became chief last year. …read more
Source: FULL ARTICLE at Phys.org
By Jeff Bercovici, Forbes Staff
It didn’t always feel that way, but Marissa Mayer had a pretty blessedly smooth first year as CEO of Yahoo. There were some PR hiccups, yes, notably when the former Google executive rescinded work-from-home privileges for Yahoo employees. But on matters of substance, Mayer was able to operate with a free hand, backed by a supportive board and investors willing to give her time to let her strategy play out. …read more
Source: FULL ARTICLE at Forbes Latest
Yahoo has made yet another acquisition, this time picking up Beijing-based data analysis startup Ztelic to boost its research and development efforts in China.
The deal, announced Thursday, is Yahoo’s second acquisition in two days and its 19th since former Google executive Marissa Mayer was made CEO of Yahoo a year ago this week.
Ztelic developed a software product for analyzing and monitoring activity on social networks. Yahoo said it bought the company for the engineering talent, which has been the motivation for a few of its recent buys.
“As part of our investment in our R&D efforts, we’re bringing on a talented team of eight developers and engineers from Ztelic,” Yahoo said in a statement via email.
To read this article in full or to leave a comment, please click here
Source: FULL ARTICLE at PCWorld
After reviewing Marissa Mayer’s first year as CEO of Yahoo, my colleague Kathy Gersch finds that Mayer has provided some decent examples of ways to turn a company culture around – despite what the media’s had to say. …read more
Source: FULL ARTICLE at Forbes Latest
Yahoo’s second-quarter results aren’t giving Marissa Mayer a lot to celebrate as she completes her first year running the Internet company. …read more
Source: FULL ARTICLE at Phys.org
If you’re a Yahoo investor, you have to be happy with Marissa Mayer on one level: Shares you’ve held since she joined as CEO precisely one year ago are worth over 70% more today. …read more
Source: FULL ARTICLE at Forbes Latest
By The Street NEW YORK (TheStreet) — It’s been a year since Yahoo! (YHOO) gave the CEO suite to Marissa Mayer. After several acquisitions and a re-energizing of the company and its employees, it’s time for Mayer to demonstrate that Yahoo!’s turnaround is for real. …read more
Since taking the reins as Yahoo’s CEO a year ago this week, Marissa Mayer has set out to revamp the struggling Internet company with a series of rapid fire acquisitions that could make even her former colleagues at Google envious.
In a strategy she has described as “a series of sprints,” Mayer has bought more than a dozen companies this year alone, mostly in pursuit of her goal of taking the lead in mobile, and to bring back the cool to a brand that was once the envy of Silicon Valley but somehow came to symbolize the very opposite of innovation.
She’s had some success, especially on the financial side. Yahoo’s stock has risen roughly 70 percent since Mayer started there on July 17 last year, and analysts expect a 12 percent jump in profit when Yahoo reports its quarterly earnings Tuesday.
But it’s a long haul to make a tarnished brand shiny and new again, and despite buying up youthful brands like Tumblr, and revamping services like Flickr and Yahoo Mail, analysts say Mayer still has a way to go before she can claim to have brought Yahoo back from the brink.
To read this article in full or to leave a comment, please click here
Source: FULL ARTICLE at PCWorld
Not much had been going right for Yahoo until it lured Marissa Mayer away from Google to become its CEO last summer. The move is shaping up as the best thing to happen to Yahoo since 2005 when it invested $1 billion in what was then a little-known Internet company in China, Alibaba. …read more
Source: FULL ARTICLE at Phys.org
By Jonathan Salem Baskin, Contributor
American public companies have long relied on recruiting top executives in hopes they’ll replicate the success they’ve achieved in the past. Such “celebrity CEOs” have been fun for the media to cover, stock analysts to value, and employees to dish upon. They’ve also almost routinely failed, at least in recent memory.
Nine months into Marissa Mayer‘s tenure, it’s clear Yahoo is once again relevant and interesting in Silicon Valley. Mayer is happy to tout things like a tripling in resumes received, a halving in the rate of people leaving and even the return of former employees to the fold. All the good news, however, can’t disguise the grim reality that the display advertising business — those banner ads that run along the top of nearly every page on the internet — has been going nowhere at Yahoo for a long time and that’s a trend Mayer hasn’t been able to reverse.
By Connie Guglielmo Didn’t have time to listen to Marissa Mayer‘s 2,000-word overview of Yahoo’s first quarter results?
Filed under: Investing Basics
April is Financial Literacy Month, and our goal is to help you raise your money IQ. In this series, we’ll tackle key economic concepts — ones that affect your everyday finances and investments — to help you make smarter choices with every dollar decision you face.
Today’s concept: supply and demand.
Most folks are familiar with the concept of supply and demand, but most of us also don’t give it much thought, which is a mistake. That’s because it applies to much more than just business.
First, to review. In basic economics, the law of supply and demand influences prices. If supply of an item is abundant, that will pressure the price downward, and vice versa. In practice, imagine that you’re the only one in town selling shoehorns. Because consumers don’t have any other places to buy the product, that gives you some pricing power. But if other stores in town start carrying shoehorns, you may have to drop your price to keep customers coming.
In the Stock Market
Similar principles are at work in the stock market. Once stocks are launched into the market via an initial public offering, or IPO, their prices aren’t set by the companies behind the stocks, or even the brokerages processing the trading. Instead, they reflect the shares’ supply and demand.
As an example, think of retailer J.C. Penney (JCP). Its stock closed at $15.87 per share on April 8. But on April 9, it closed around $13.92, down more than 12 percent in a single day.
What happened? Well, the struggling company’s CEO, Ron Johnson, was dismissed, replaced by a former CEO, Mike Ullman. The fact that the stock price sank reflects a lack of confidence in the company — or a lack of demand for its shares. If investors were more optimistic about the company and Ullman’s leadership potential, demand for its shares would have risen, driving the price up.
Meanwhile, shares of Yahoo (YHOO) have surged more than 50 percent since Marissa Mayer took the reins of the company. That increase reflects confidence in her leadership and the company’s future — via an increased demand for shares.
In Our Lives
Shortages and surpluses affect other areas of our lives, too, such as careers. There’s a good case to be made for pursuing the career that most excites you, but you would also do well to factor in the supply and demand for that occupation and others.
There are many lists of jobs that are expected to be in great demand in the coming years. The folks at Randstad, for example, a major global staffing company, have listed “13 Hot Jobs for 2013.” They include registered nurses, physicians (specializing in urgent care and anti-aging medicine), drug safety specialists, mortgage underwriters, loan documentation specialists, accountants, manufacturing production specialists, industrial
From: http://www.dailyfinance.com/2013/04/16/supply-and-demand-definition/
By Chris Neiger, The Motley Fool
Filed under: Investing
Facebook CEO Mark Zuckerberg publicly introduced a new organization he co-founded with other tech leaders, FWD.us, in a Washington Post Op-Ed yesterday, saying it will advocate on issues including immigration reform, education, and investments in scientific discoveries.
According to Zuckerberg’s article, immigration reform is the key issue the organization intends to take on. “We have a strange immigration policy for a nation of immigrants. And it’s a policy unfit for today’s world,” he wrote.
The Facebook CEO explained that his great-grandparents immigrated to the United States, entering through Ellis Island, and that he and his family wouldn’t be where they are, “without a welcoming immigration policy, a great education system and the world’s leading scientific community that created the Internet.”
Zuckerberg wrote about what he calls the “knowledge economy” in which “the most important resources are the talented people we educate and attract to our country. “A knowledge economy can scale further, create better jobs and provide a higher quality of living for everyone in our nation.”
In addition to Zuckerberg, the FWD.us organization is founded by leaders of America’s technology community including Reid Hoffman, Eric Schmidt, Marissa Mayer, Drew Houston, Ron Conway, Chamath Palihapitiya, Joe Green, Jim Breyer, Matt Cohler, John Doerr, Paul Graham, Mary Meeker, Max Levchin, Aditya Agarwal and Ruchi Sanghvi. It aims to work with both political parties in Congress, the administration, and state and local officials.
The article Zuckerberg Announces Tech Group Fighting for Immigration Reform originally appeared on Fool.com.
Fool contributor Chris Neiger has no position in any stocks mentioned. The Motley Fool recommends Facebook. The Motley Fool owns shares of Facebook. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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From: http://www.dailyfinance.com/2013/04/11/zuckerberg-announces-tech-group-fighting-for-immig/
By Rick Munarriz, The Motley Fool
Filed under: Investing
Apple and Yahoo! are reportedly discussing expanding their relationship.
Wouldn’t it be wild if Apple’s next move was to put a ring on it?
Let’s be frank. The chances of Apple and Yahoo! hooking up are slim. Yahoo! turned down Microsoft at a much higher price point several years ago, and the stock‘s been a market darling since Google executive Marissa Mayer took the helm after a long line of unsuccessful CEOs.
However, each company would have plenty to gain by warming up to the other.
Folks “briefed on the matter” are telling The Wall Street Journal that the two companies are discussing ways to prominently integrate more of Yahoo!’s services on Apple’s iPhone and iPad devices.
That’s a no-brainer. Yahoo! already provides some of the default iOS apps for stock quotes and weather. Perhaps more importantly, Yahoo! isn’t Microsoft or Google.
Mr. Softy and Big G are Apple’s two biggest rivals, though these days Google has become the bigger enemy as Android conquers the smartphone and now tablet markets. Apple tried to distance itself from Google last year, going with a homegrown default solution to Apple Maps.
Right. We know how badly that played out for Apple. Any bone that Apple could throw Yahoo! is one less bone that it would either throw out to Google or possibly mess up on its own.
Yahoo! could also use Apple. Forget Yahoo!’s recent buoyant stock price. Ever since Yahoo! struck a deal to outsource its flagship search business to Microsoft Bing, revenue growth has been stagnant and Yahoo!’s been shedding market share. There isn’t a lot that Yahoo! can do to change that. It struck a deal for its search portal to be Bing’s trophy wife for the next 10 years, and folks will naturally wean themselves off of Yahoo! to get their results directly from the source. Yahoo! knows this. It lived through it when Google powered its queries.
Let’s cut to the chase: Apple may find itself offering a search product to remain competitive with Google without assisting the enemy. Why not dust off Yahoo!’s cobwebbed yet once-effective search technology? This would likely violate the terms of Yahoo!’s deal with Bing, but obviously there has to be a way out — and a shotgun wedding with Apple may do exactly that.
Apple would benefit from nearly every aspect of Yahoo!’s wide array of online properties and Asian investments. Yahoo! would benefit from being a part of the world’s most popular mobile operating system outside of Android.
Don’t run off to check the bridal registry. A deal isn’t really likely to happen. However, under different circumstances, Apple and Yahoo! would’ve looked so good walking down the aisle at a point when Apple investors need a spark and Yahoo! investors need growth.
It’s a battle for the crown
It’s incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just
Source: FULL ARTICLE at DailyFinance
By Tim Beyers, The Motley Fool
Filed under: Investing
If history proves anything, it’s that leadership matters. In government. In military affairs. In education. And certainly in business. Think of how bringing back Steve Jobs helped turn around Apple . Or how Elon Musk has stiff-armed skeptics on the way to creating billion-dollar companies in Tesla Motors and privately held SpaceX.
Then there’s Marissa Mayer, the former Google executive who’s brought equal doses of enthusiasm and controversy to Yahoo! . Employees love her for the most part, and for good reason, says Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova in the following video.
Thanks to moves aimed at profiting from the rising use of smartphones and tablets, Yahoo! has seen its stock roughly double the market‘s return year to date, and it’s up nearly 50% since Mayer joined the company last July.
Tim says to expect further gains. Do you agree? Please watch the video to get his full take, and then let us know what you think about Mayer’s strategy in the comments box below.
For a closer look at the company Mayer left behind, try our newest premium research report in which we dissect Google’s sprawling empire and tell you what the search king is worth, and whether the stock deserves a place in your portfolio. Access your report now by clicking here.
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Source: FULL ARTICLE at DailyFinance
By Austin Smith and Jeremy Phillips, The Motley Fool
Filed under: Investing
In the following video, Jeremy Phillips and Austin Smith talk about tech executives who don’t often eat their own cooking, or engage in what’s known as “dogfooding” in Silicon Valley parlance. In other words, these execs don’t use their own products. For example, Google‘s Eric Schmidt has been known to use a BlackBerry. Marissa Mayer — at Yahoo! now, but originally at Google — uses an iPhone.
Jeremy says investors should want to see executives using their companies’ products. He notes that Facebook requires employees to access Facebook with mobile devices, to get them thinking about new ideas and solutions. Austin has a slightly different spin, though they agree that the goal should be superior products from the executives’ companies.
For more details, check out the video.
After the world’s most-hyped IPO turned out to be a dud, most investors probably don’t even want to think about shares of Facebook. But there are things every investor needs to know about this company. We’ve outlined them in our newest premium research report. There’s a lot more to Facebook than meets the eye, so read up on whether there is anything to “like” about it today, and we’ll tell you whether we think Facebook deserves a place in your portfolio. Access your report by clicking here.
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Source: FULL ARTICLE at DailyFinance
By Evann Gastaldo Amid all the uproar over Marissa Mayer ending telecommuting at Yahoo , the biggest concern of many was that the new policy would hurt working moms. But studies show it’s actually flexible work policies that do the most harm to working moms, writes flex-worker and mom Dwyer Gunn on Slate . In… …read more
Source: FULL ARTICLE at Newser – Home
By Selena Maranjian, The Motley Fool
Filed under: Investing
Every quarter, many money managers have to disclose what they’ve bought and sold, via “13F” filings. Their latest moves can shine a bright light on smart stock picks.
Today, let’s look at investing giant Daniel Loeb, founder of the Third Point LLC hedge fund. Loeb is a well known activist investor, famous for publicly airing his opinions about companies in which he invests, and not mincing words when he’s displeased. Loeb was instrumental in pointing out discrepancies in former Yahoo! CEO Scott Thompson’s biography – paving the way for Yahoo!’s new CEO, Marissa Mayer.
His activity bears watching, because the guy seems to know a thing or two about investing. According to the folks at GuruFocus.com, over 15 recent years, Loeb racked up a cumulative gain of 1,022%, compared with just 124% for the S&P 500.
The company’s reportable stock portfolio totaled $5.5 billion in value as of December 31, 2012.
Interesting developments
So what does Third Point‘s latest quarterly 13F filing tell us? Here are a few interesting details.
The biggest new holdings are News Corp. and Tesoro. Other new holdings of interest include AbbVie and Herbalife . AbbVie was split off from Abbott Labs, and contains the pharmaceutical business, while Abbott focuses on medical, diagnostic, and nutritional products. AbbVie is saddled with a lot of debt, but it sports about $18 billion in annual revenue, more than $6 billion in free cash flow, and gobs of cash. Bears don’t like its being very dependent on its blockbuster drug Humira, which generates half its revenue. It does have other drugs, though, and more in its pipeline – and a 4.1% dividend yield.
Herbalife , while having the support of Loeb and Carl Icahn, has some high-profile naysayers, such as David Einhorn of Greenlight Capital, and Bill Ackman of Pershing Square Capital Management. The company recently reported robust results, with revenue in 2012 rising 18% over year-earlier levels. It sports an attractive 3.2% dividend yield, but those worried about red flags raised by critics (such as concerns about its multi-level-marketing strategy) might want to wait for the dust to settle.
Among holdings in which Third Point increased its stake was ARIAD Pharmaceuticals , which received FDA approval for its leukemia drug Iclusig – though its initial sales have been weak, so far. (The drug seems to be nearing approval in Europe, though, which bodes well.) ARIAD‘s bone-tumor drug ridaforolimus was rejected in Europe, but it might still prove effective against other cancers. The company has been spending heavily on research and development, and it needs some more success from its pipeline, as it consumes a lot of cash.
Third Point reduced its stake in companies such as Hillshire Brands , which has been trading near a 52-week high. The company, the result of a split-up of Sara Lee, describes itself as “a leader in meat-centric food solutions for the retail and foodservice markets,” and encompasses brands such as …read more
Source: FULL ARTICLE at DailyFinance
There’s a growing trend for children to be used as “PR tools” to raise funding or sell companies. Yahoo’s recent acquisition of Summly is the perfect example. A company built entirely off licensed intellectual property and questionable numbers of active users was purchased for “x millions of dollars.” In reality by the admission of insiders to the deal, the real value behind Yahoo’s purchase was improving their “PR image” and “human resourcing” to make Yahoo a popular company for developers to work for. It’s no secret that Marissa Mayer is making hiring the central piece of her management focus. “Nick will be a great person to put in front of the media and consumers with Mayer to make Yahoo seem like it is a place that loves both entrepreneurs and mobile experiences, which in turn will presumably attract others like him.” An example of this strategy imploding is Andrew Hsu, founder of Airy (Comparing the current site to the previous version, it may be reasonable to assume that Airy has joined the deadpool) and a Thiel Fellow. Andrew was a kid that succeeded in grabbing the limelight, but failed in creating a real company or product. In the end, he became a puppet to older stakeholders – his father. …read more
Source: FULL ARTICLE at Forbes Latest