Yahoo! (YHOO): Be Careful What You Say

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Terry Semel, Yahoo!’s (YHOO) seemed to get himself in trouble from time to time by saying how great the company’s new Panama system was and how it would help lift the online company’s revenue. Most of that did not come true.

As Yahoo! reorganized its sales operations and pushed North American sales chief Wendy Harris Millard out the door (she ended up at Martha Steward Omnivision almost immediately), the head of Yahoo!’s worldwide sales, Greg Coleman, made the statement that Yahoo! would be better off if its search results advertising and display advertising were sold by the same organization.

Yahoo!’s new president put a point on it, according to Reuters: "Yahoo President Susan Decker said in a phone interview that the consolidation of Yahoo’s two advertising arms — display and Web search advertising — reflects growing demand by customers for campaigns that combine both types of ads, with newer types of video advertisements."

But, these are silly statements from silly people. If combining text and display advertising was such a fabulous idea, how did Yahoo! come to that decision so recently. Perhaps Semel was holding up the paperwork in his office. "When combined, the two organizations will deliver profoundly better results than when delivered separately," Coleman said. Coleman should be careful what he says. "Profoundly better" is pretty good.

It would seem that Coleman should have been the scape goat for Yahoo!’s advertising problems. He has been the chief. But, the people above him and below him are gone. Not many excuses left.

Douglas A. McIntyre can be reached at [email protected].

Photo of Douglas A. McIntyre
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.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618