Allthingsd: Yahoo Meeting Starting; Mayer to Lay Out Strategy
Yesterday, Benzinga highlighted allthingsd.com's preliminary coverage of Tuesday's all-important meeting over at Yahoo (NASDAQ: YHOO) where new CEO Marissa Mayer is expected to lay out her turnaround strategy for the ailing web company. According to the tech website, that meeting has commenced.
Kara Swisher reports that "sources said it will be streamed instead of being Webcast, as usual, in order to avoid possible downloading (and, presumably, leaks). It's also unlikely that she'll hand out the deck of strategy she presented to the board last week to everyone, for the same leak-avoiding reasons."
Mayer is expected to lay out plans for a drastically re-designed Yahoo! homepage which will display fewer ads and be more open to apps and social sharing. The new CEO is also expected to unveil plans to make email and search more user friendly.
According to Swisher's reporting, Mayer is not expected to bring up the prospect of layoffs as the company attempts to improve its operating leverage, but rather the presentation will focus on improving profits across its businesses through other means.
The plan which is expected to be shared with Yahoo employees on Tuesday afternoon is apparently mostly the work of Mayer, as she reportedly did not consult many senior staff in its preparation. Stock traders will be trying to glean any relevant information from the presentation on Tuesday afternoon, when YHOO was last trading down around 1 percent to $15.84. If there are compelling leaks, the stock could be active in afternoon trade.
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