Highlights from Carol Bartz's Speech at BofA/ML Tech Conference (YHOO)
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Speaking at the Bank of America and Merill Lynch U.S. Technology Conference currently being held in New York City, Yahoo!'s (Nasdaq: YHOO) CEO, Carol Bartz, made some interesting comments related to the company's operations:
- Yahoo! users on the site to search
- when she arrived at the company, there was "kind of a mess" with management
- Yahoo! has "way too much" infrastructure
- too much red tape in its legal and infrastructure departments
- Yahoo! has not missed its chance in online video as this is "just beginning"
- Yahoo! has a new homepage coming in the fall, which includes tweets
- looking to boost "relevant" ads on the Yahoo! homepage
- ad sales remain "tough"
- says China won't let non-China company rule the Internet
- sees best play riding fortune of Alibaba, but trying to re-buy Alibaba makes no sense
- sees "no reason" to get out of Alibaba stake
- needs to get "right" data in ad deal
- has a 57% share of the search market in Japan
- a Search business sale would save at least $500 million
- Microsoft's (Nasdaq: MSFT) Bing is unlikely to change user habits
- a Hotmail, Yahoo! email combo wouldn't be allowed by regulators
- Yahoo! doesn't have to do anything with Microsoft
- "would be better off" if it never heard of Microsoft
- a potential search deal with Microsoft is "like me trying to buy Office" from Microsoft
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