Google results boring, Terry Semel out of Y!
Rating: in out in out shake your Yahoo! about
So, first of all I listened to the Google results in the recording. Then I received an email that Terry Semel is stepping down.
See release
Yahoo! announced that Terry Semel, the Company’s non-executive Chairman, will step down from the Board of Directors, effective January 31, 2008. Semel initiated discussions with the Board several months ago about stepping down from the Chairman role once the Board was able to identify a successor. He targeted the time of the January Board meeting for his departure, and has worked closely with Chief Executive Officer Jerry Yang and the Board to ensure an orderly transition process since that time. Yahoo! also announced today that Roy Bostock, who has been a member of the Company’s Board since May 2003, was unanimously elected by the Board to serve as Yahoo!’s non-executive Chairman.
“Terry Semel has been a great partner and true friend, and has played a key role in helping to grow Yahoo!’s business - and industry-leading audience - over the past seven years,” said Yang. “He also has been a tremendously valuable resource in recent months, as our new management team developed and began to execute our strategic growth plans. On behalf of the entire Board, I want to thank Terry for his many contributions to Yahoo! over the years - and for helping to lay a firm foundation for future success and improved financial performance.”
Yang continued, “Roy Bostock has offered tremendous insight and leadership since joining the Yahoo! Board five years ago, and I believe he is ideally suited to serve in this important role. Roy is an outstanding executive who has decades of experience in the advertising industry - an area that is more important than ever to Yahoo!’s business and our long-term success. I am confident that Yahoo! will benefit from Roy’s unique and deep understanding of the Company and the many opportunities that lie ahead.”
What we think - Yahoo! I know a lot of good people at Yahoo! but I do think it is the management that has let the company down in the past year.
What we think - Google. This must be one of the most boring analyst calls of my life where Google said nothing and didn’t give any answers. I am sure I am not the only one that was far from impressed. Google can’t afford to be too secretive especially when it comes down to offering voice services and setting the bench mark for mobile search.
By avoiding questions and using terms such as “excellent growth” with out giving “stats” Google might be shooting itself in the foot. Any other search provider including white labels that can offer a benchmark for mobile search stats and growth will be in a leadership position.
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