I do welcome the new CEO, as she has proven to have been quite successful in her experience at Google. Running an entirely new organization will prove to be a challenge, as will trying to change the perception of internet users.
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New York, NY (PRWEB) July 25, 2012
Yahoo! Inc. has been plagued with a stock price that just hasn’t moved for quite a long time, and many investors are hoping the new CEO, Marissa Mayer, can turn things around for the firm. Sasha Cekerevac, contributor to Profit Confidential, says that while her success at Google is laudable, long-term problems at Yahoo! still exist.
“It will be quite interesting to see if her skills are transferable to more problematic technology stocks such as Yahoo!,” says Cekerevac.
In the article “New CEO at Yahoo!: Will This Move the Stock?,” Cekerevac notes that Mayer comes from Google Inc. with an engineering background.
“I do welcome the new CEO, as she has proven to have been quite successful in her experience at Google,” concedes Cekerevac. However, he says, “Running an entirely new organization will prove to be a challenge, as will trying to change the perception of internet users.”
Cekerevac notes that this change of perception is needed to ultimately drive corporate profits. With heavy competition from technology stocks, such as Google, Cekerevac wants to wait for concrete information about how the new CEO will chart the new course for Yahoo!.
“Yahoo!’s North American division is essentially trading for nothing,” says Cekerevac. “Most of the value of Yahoo! USA is built on cash and its stake in Alibaba and Yahoo! Japan.”
Cekerevac notes that technology stocks need to be on the cutting edge, the front line of new ideas.
“I can’t remember the last time I talked to someone who was excited about anything Yahoo!’s U.S. division has done,” claims Cekerevac. “This needs to change, people need to be excited again.”
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