I am surprised no one is mentioning Bostock anymore. He is more unpopular than Mr. Yang. I like Mr. Yang--don't forget, without him, there's no Yahoo at all.
Yahoo stock up around 5% in after-hours trading on 10/21/08. Here's why--Yahoo met expectations and earned 9 cents a share, excluding special items.
Marketing services revenue was $1.56 billion, 1 percent increase from the same period of 2007.
Excluding items, the company's income would have been $123 million, or 9 cents a share, compared to non-GAAP income of $153 million or 11 cents a share for the same period of 2007.
Analysts, on average, expected earnings of 9 cents a share on $1.37 billion in revenue.
Some more encouraging words from the earnings call itself. Susan Decker speaking:
We have no debt. We ended the third quarter with $3.3 billion of cash and marketable debt securities. As of the end of the quarter the value of our direct and indirect interests in the publicly traded securities of Yahoo Japan, alibaba.com and Gmarket were valued at approximately $7.9 billion in the public markets or over $5.50 a share.