Yahoo Goes Into The Red

by admin January 28, 2009 at 4:40 pm

New chief executive Carol Bartz says Yahoo is not for sale as the company makes a $303 million loss in the fourth quarter.

2008 wasn’t good to Yahoo, what with fending off a Microsoft takeover, shareholder rebellions, and an aborted alliance with Google. And it hasn’t ended well. As Yahoo revealed its figures, it announced that during the fourth quarter it went into the red, to the tune of $303 million.

However, although new chief executive Carol Bartz was adamant that the company needed to streamline more, and devise better strategies, she was adamant in one pronouncement:

“I didn’t come here to sell the company.”

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