Yahoo! Up on ‘Semel Is Out’ Rumors

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By Douglas A. McIntyre Updated Published
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Yahoo! (YHOO-NASDAQ) is trading up about 2% in early trading on market rumors that Terry Semel is either out or on his way out.  Is this true?  Well, he didn’t give this impression just last week and the company would have probably kept him from speaking too much if it was going to force Semel out.  We have been pretty vocal about Terry Semel needing to leave. There was actually a point where he was the right guy at the right time, but that was a temporary issue and his value to the company was in the past.  Semel came in at a time when the company needed someone with tenure and real world experience.

But now the company has been getting clocked by Google (GOOG-NASDAQ) and the new Panama platform has yet to show any real recapture of relative lost ground.  If Semel is out, you can see that the ‘hope of him leaving’ is worth 2% alone to the stock.  Based on the comments and attitude at the meeting last week this seems probably premature, although the writing has been on the wall for long enough.

Jon C. Ogg
June 18, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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