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Gala -- second quarter earnings after the bell just -- time to market -- Myers one year anniversary at the Harlem on the Internet giant.
Shares are up more than 7%.
Since Meyer took the -- but.
Our next guest says -- is still a no growth companies.
Today as Scott Kessler head of technology research at S&P capital IQ principal -- under the sun and she still can't credit company.
A lot of acquisitions that they've done are companies that frankly don't have much if any revenue so at this point.
Look when she took over a year ago she made -- pretty clear that's not gonna take a couple weeks a couple months or even a couple quarters it's gonna take a couple of years.
For her team.
-- -- we accelerate growth economy.
But is it on the right track -- -- your right seventeen acquisitions Tumblr one point one billion dollars that was the biggest.
Is this helping I mean -- we -- see any kind of a -- earnings out of this after a while.
I don't know the answer -- I think that they're moving in the right direction as you point out.
Look I mean the company I was just -- today nine billion in cash and investments.
A very flexible balance sheet.
And no growth so it makes sense that they were not only making investments book buying other companies to come up with some things.
To attract more people to their sites.
And also to keep them.
For longer periods of time and I think they're moving in that Iraq could.
They had a great they're paid click performance year every year is positive.
Has been excelling the last five quarters so now that comes down to advertising to your point getting -- other site keeping him there and making money off the appetizers.
Yeah I think you know as much as Yahoo! is perceived in a number of different ways at its core it's still an advertising company.
And is she on track to -- that then or is she kind of going off and all these different directions she certainly trying to focus on mobile so.
Yeah I think.
The way that she and others are articulating Yahoo!'s kind of focus at this point is number one look I mean they have a lot of different businesses franchises and offerings.
Let's hone in on what's most important.
And then those things are most important.
Are really kind of associated with People's Daily habits with.
You know digital media so whether it's check -- now or stock quote war.
Sending a message to a friend those are the types of things that Yahoo! seems to be doing pretty well.
And those are things that people do with their mobile devices as well so there is that nexus is just a matter of building up the user base and increasing engagement.
A mob -- and it's no one stock moving like a rocket ship then a means to everyone still on paper -- -- that Alibaba investment to come through.
Stocks been on -- is it all because she's at that common there's just some hope it seems loud better -- yeah.
I mean I think you referenced the two major reasons why the stock has performed so well.
Mean first of all look I mean -- Meyer when choosing cool I mean she was known around the world is being one of the foremost Internet executives.
On the planet.
And she could have really chosen to do anything.
And she decided she wanted to become the CEO of Yahoo! that says something and they've been able attract a lot of executive.
And core employee talent in addition to that.
You referenced Alibaba Group a lot of people are excited about the prospect of an IPO.
Right what kind of value it can bring that a company we think it might be worth sixty billion dollars.
Even with taxes that's a pretty big pay off.
-- yeah one billion dollar investment just eight years ago.
Got fortunate I got about going into earnings you buy -- -- We have a hold recommendation on the stock -- unfortunately -- here.
I get a hold across the board today -- can't there that can be -- like you thank you so much thanks Tracy giving.
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