Look out below. Wall Street was expecting a re-org which included Semel's outster. Instead, Semel selfishly placed himself at the top of three groups all of which report directly to him. wow...
As if splitting into three groups is going to make a difference. How about a new brain at the top? The old brain has done nothing but drive a beautiful company into the ground.
Semel is a convoluted B.S.'er at best. His long winded sentences are bloated and meandering, just like the new formats offered on Yahoo. Have you tried looking for something on the new TV page? Good luck! I don't even try any more.
The Yahoo Real Estate section is a complete JOKE! In an era when any dufus can look on MLS at any broker's site, Yahoo makes you get MLS listings only after you've provided your email address. That was popular 5 years ago!
Everything Yahoo has done is plain laughable. They are years behind the curve and it is shocking to see the new formats. Here's a prime example. The old maps used to say 'to' and 'from'. simple enough, right? the new one's say 'a' and 'b'. Well, what the hell kind of improvement is that??? What is 'a' and what is 'b'?
The chat rooms are loaded with the same porn that Pepsi warned Yahoo about 5 years ago threating to pull their ads!!! Semel has turned the other cheek so to speak and has done NOTHING about the porn! I've been emailing Yahoo for 5 years about this same thing. I have nothing against porn in its proper place. But guess what, it helped to spawn Myspace.com which now dominates this 'kids' social arena. Yahoo HAD it, and blew it. All of it under Semel's keen and watchful eyes.
We need a new CEO and Chairman of the board before this craft lists any more. We're going to the single digits and I can't wait for that. I'm going to sell shortly unless a new Ceo announcement is made soon. It's time for the Board of Directors to get off their dupers!
Anyone with half a brain could make a case for Semel's ouster but this board is sound asleep. Semel is so entrenched as a Chairman AND CEO I think it's quicker to go to bankruptcy to get him out. That is a conflict that should be illegal and mamy companies refuse to have a Chairman/CEO. Now we all know why!
I'm long, but not for long. Tomorrow may be it for me....I cannot take this Boards lack of action any longer. Heck, Fidelity had less patience than I!
Totally agree with you! Semel is the first one who should be out! But he is still in and others who shouldn't are out!
I didn't send email to yhoo too to give some suggestions. Never get reply.
Yahoo refused to listen to Pepsi's request in 2001 to clean up the chat rooms. So, why would they listen to paupers like you and me, actual yahoo users???
Yahoo has become such a conglomerate that they have lost touch with the common user. There is no area for feedback which they desperately need because the changes stink. They should just go back to the original formula THAT WORKED and just weed out the riff raff. But Semel is an egghead. I'm selling.......
As a Yahoo! shareholder under water, I feel your pain. My complaints:
1.Must log in everyday just to post. This nonsense started a month or two ago.
2.Almost 4 weeks since NMX IPO and still no message board even though I emailed them 25 times.
3.If you click on the charts, the only way to get back is totally cancel out of Yahoo! and start over. Didn't those idiots test this plus the new setup stinks.
4.They are eliminating the message boards on the news stories on 12/19.
I would think someone is purposely trying to sabotage Yahoo! and with it goes my money.
Semel must be physically escorted off the premises.
Semel bought himself time through till July of '07.
He should be fired now but he has all the cards and secured that with this latest move.
It's the king getting rid of the "voices".
Short down to $21 then start nibbling long at $20.
It's that easy because at $20 the shareholders will remove Semel at next years annual meeting.
It's a Semel power trip as CEO AND Chairman. He promotes those that will cow tow to him and Susan Decker is a prime example. Do you want to go down on this ship with that smiley face at the helm? Anyone with brains has moved on, those who are promoted are just drones.
It's unbelievable that Yahoo would entertain a CEO/Chairman. It's a monopoly at it's best and it leaves everyone else powerless.
If a fundamental investor like Fidelity has sold, then why haven't you?
Your assessment speaks for itself - so why are the brokers forecasting 30% earnings growth in FY07 (after a 20% fall this year!!).
Since when is single digit net profit growth worth a FY07 PE of 45x - especially when Google is trading at 35x!
Yahoo is yesterday's man and a generous PE of 35x means $21. I personally think this kind of performance is only worth 20x max - or $12.
But imagine the uproar on the boards when you say that - so much misplaced sentiment for a stock which has tanked during a major market rally!!
If you really want to short, take a look at the Jan 08 or Jan 09 puts. I'm long the Jan 08 $25.00 puts at $2.30 and expect to double my money 2007.
They only thing that can save Yahoo now is a private equity buy out - they're the real turn around guys.....