They Really Are Yahoo's
Usually it takes a while for a company to screw up a good thing.
It only took Yahoo (NASDAQ: YHOO) a few hours. Comments from a meeting at the Silicon Valley-based company are hitting shares, as Yahoo co-founder, director and former CEO Jerry Yang told the 13,5000 employees the company was “not for sale.”
Despite his comments, the company is hiring advisory firms, such as Allen & Co., to explore strategic alternatives.
The comments were first reported by AllThingsD.
I guess they really are yahoo's.
At last check, shares were up 50 cents to $13.41, but had been as high as $14.00 earlier in the session.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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