The year 2006 was a fixing time for Yahoo!. It focused on the Panama update and now it is fully functional. Yahoo!'s Terry Semel, CEO and Susan Decker, CFO say that last year they focused their attention on fixing up everything. With the Panama up and running Yahoo! has a lot to look forward to in the coming year.
Sooner than positive feedbacks were received for Panama, Yahoo! stock soared by 20%. Their stocks are actually in a better position when compared with Google.
A press release informs:
The top two executives of Internet media firm Yahoo! told investors Tuesday that the company hopes to gain market share against industry leader Google as its new search tool is leading to more relevant and higher quality search results for advertisers.
"We are really pleased with the new system. It is generating higher quality leads at more competitive prices. Click through rates are increasing," Decker said.
Decker also said that Yahoo is not seeing any weakness in online ad spending this year, despite some concerns about the overall economy cooling.