If press rumors are to be believed, today is the day that thousands of Yahoo! (NASDAQ: YHOO) employees will be laid off. That likely will be followed by more next week. CEO Scott Thompson is supposed to reveal his strategic plan with the second wave of firings.
He will do so as Third Point, an activist fund that owns 5.8% of the portal company’s shares, has taken its case to the internet with a website called Yahoo! Value. The site is a novelty that is unlikely to tell investors anything they do not already know. Neither the anticipation of Thompson’s plans nor the Third Point agitation has done anything for Yahoo!’s shares, which have languished at just above $15 — mid way between their 52-week high and 52-week low.
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