Quote of the Day

despite the external environment we face, the fact remains that
yahoo! is now a significantly different company that is stronger in
many ways than it was just 18 months ago. this only makes it all the
more essential that we manage this opportunity to leverage the progress
up to this point as effectively as possible. i strongly believe that
having transformed our platform and better aligned costs and revenues,
we have a unique window for the right ceo to take ownership over the
next wave of mission-critical decisions facing the company.”

Yahoo! CEO Jerry Yang, explaining how his work in moving the stock price from $31 to $10 has set the company up for success.

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  1. Meitar Moscovitz says:

    That actually makes a lot of sense. I can’t tell whether it’s all just business-speak (i.e., BS) or if it’s genuine, but I will say that there are several very poignant examples of large technology companies who, while facing severe failure, managed to resurrect themselves into important and formidable players in new markets. Two examples that spring to mind are IBM and Sun. I recently listened to Simon Phipps on Floss Weekly talk about this exact issue and I was struck by what he had to say.

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