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<p>The company also lowered its forecast for revenue for the year, from $4.95bn-$5.45bn to $4.89bn-$5.19bn.</p>
<p>Jerry Yang, <a href="/blog/1373-semel-replaced-as-yahoo-ceo">who became CEO in June</a>, said that the company needs a new plan:</p>
<blockquote>
<p>
<em>"I intend to spend the next 100 days or so focused on mapping out a strategic plan. There are no sacred cows."</em>
</p>
</blockquote>
<p>By contrast, Google is expected to show at least four-times-faster revenue growth when it releases its quarterly report on Thursday.</p>
<p>In further bad news for Yahoo!, a report from SearchIgnite and RBC reveals that <a href="http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20070717005817&newsLang=en">Google earned more per search</a> in Q2 2007 than both Microsoft and Yahoo!. </p>
<p>Google swallows up 76% of ad spending on the top three engines, despite the fact that it received 60% of searches. Yahoo! earned just 18.3% of ad spend even though it received 34% of searches in the same period. </p>
<p>
<strong>Further reading:</strong>
<br />
<a href="/blog/1261-yahoo-readies-panama-for-uk-launch">Yahoo! readies Panama for UK launch</a>
</p>
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<Paragraph>The company also lowered its forecast for revenue for the year, from $4.95bn-$5.45bn to $4.89bn-$5.19bn.</Paragraph>
<Paragraph>Jerry Yang, <Link URL="/blog/1373-semel-replaced-as-yahoo-ceo" Window="Self">who became CEO in June</Link>, said that the company needs a new plan:</Paragraph>
<Block>
<Paragraph>
<Quote>"I intend to spend the next 100 days or so focused on mapping out a strategic plan. There are no sacred cows."</Quote>
</Paragraph>
</Block>
<Paragraph>By contrast, Google is expected to show at least four-times-faster revenue growth when it releases its quarterly report on Thursday.</Paragraph>
<Paragraph>In further bad news for Yahoo!, a report from SearchIgnite and RBC reveals that <Link URL="http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20070717005817&newsLang=en" Window="Self">Google earned more per search</Link> in Q2 2007 than both Microsoft and Yahoo!. </Paragraph>
<Paragraph>Google swallows up 76% of ad spending on the top three engines, despite the fact that it received 60% of searches. Yahoo! earned just 18.3% of ad spend even though it received 34% of searches in the same period. </Paragraph>
<Paragraph>
<Emphasis>Further reading:</Emphasis>
<LineBreak />
<Link URL="/blog/1261-yahoo-readies-panama-for-uk-launch" Window="Self">Yahoo! readies Panama for UK launch</Link>
</Paragraph>
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2007-07-18T11:37:00+01:00
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<p>
<strong>Yahoo! posted its second quarter financial results yesterday, reporting a decline in income from display advertising and lowering its guidance for the rest of the year.</strong>
</p>
<p>The firm's profits dropped by 11% to $161m (£80.5m) in the three months, but revenues rose by 11% to $1.24bn (£605m). </p>
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<Emphasis>Yahoo! posted its second quarter financial results yesterday, reporting a decline in income from display advertising and lowering its guidance for the rest of the year.</Emphasis>
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<Paragraph>The firm's profits dropped by 11% to $161m (£80.5m) in the three months, but revenues rose by 11% to $1.24bn (£605m). </Paragraph>
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