Feeds

Yahoo! shares! at! 18! month! high!

Investors feel slightly better with an ex-Googler at the helm

Top 5 reasons to deploy VMware with Tegile

Yahoo! shares have climbed to their highest level in a year and a half as investors start to believe once more that the web firm is capable of making money.

The stock closed at $18.36 yesterday, not a huge lift, but nevertheless the highest it has been pegged since May 2011.

Shareholders seem to think that new chief Marissa Mayer has a shot at turning the firm around, something previous entrants into the revolving door at the top of the firm haven't been able to do. Other CEOs have come and gone over the last few years without making any major headway, but Mayer's ex-Google credentials appear to have given her an edge - with investors at least.

Over the past few months, Mayer has been shuffling the top table at Yahoo!, getting rid of chief financial officer Tim Morse, who once sat in the chief's chair as an interim solution, and bagging another ex-Googler, Henrique de Castro, to run operations.

Yahoo! used to be a top internet firm and its website is still popular, but its revenues have fallen as competition from the likes of Google bites into its online advertising business, its main source of income.

Mayer has said that turning Yahoo! into a more smartphone-friendly firm is her top priority, a smart move given the ever-growing mobe market and the fact that the competition is wide open on mobile, making it anyone's race to win. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.