They attribute their impending success to Panama, specifically its improved relevance. Yahoo’s stock has increased 20% this year as positive reports on Panama have flowed in. Their stock is actually performing better than Google’s right now. However, Decker states that the switch to Panama won’t affect profits until Q2.
It’s not overly optimistic, but it’s a lot better than what she was saying last year. You remember:
“We donâ€™t think itâ€™s reasonable to assume weâ€™re going to gain a lot of share from Google,â€ Chief Financial Officer Susan Decker said in an interview. â€œItâ€™s not our goal to be No. 1 in Internet search. We would be very happy to maintain our market share.â€
Yahoo retracted that statement, and now they finally seem to be putting their money where their mouth is.