Oct 29, 2009 (MarketNewsVideo.com via COMTEX News Network) -- Yahoo (YHOO) CEO Carol Bartz, who has been at the helm since January, told analysts late yesterday that Yahoo is on a journey back to respect from investors.
At an analyst yesterday, executive said Yahoo is looking to achieve operating margins of between 15 and 20 percent by 2112 which would be about triple recent levels by growing revenue over the coming years.
Since Bartz took over, Yahoo has cut about 5 percent of its workforce, and overhauled its homepage.
Yahoo also announced yesterday that it has extended the deadline time for a final agreement with Microsoft (MSFT) on a search partnership that could help both take on Google (GOOG). A new deadline was not set, and Bartz indicated the deal will still happen, after additional details are worked out.
The preceeding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=200910ahoo-Microsoft102909&mv=1.
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