Archive: October, 2006

Yahoo! released a disappointing 3rd quarter financial report Tuesday. According to the report, Yahoo!’s total revenues rose 19% over the same period last year but it’s net income dropped by almost $95 million.

Yahoo! Chief Terry Semel expressed his concern over a 37% drop in Yahoo!’s 3rd quarter profits bluntly stating, “I am not satisfied with our third quarter financial performance.”

Semel’s comments came as part of a speech he delivered at the start of an open conference call with financial analysts and media. Blaming an overall slowing in online corporate advertising, Semel notes that a few of Yahoo!’s largest clients had redirected or limited their ad spending, “… because of their own business issues.”

Some of those issues might stem from corporate testing of new and improved opportunities offered by social networking sites MySpace, YouTube and Facebook, using ad-budgets that would otherwise be directed to Yahoo!. “The market is going through a significant transition with new forms of inventory becoming available from a range of new and established competitors,” Semel said.

Suzanne Dingwell Williams, a VC lawyer in Toronto wrote this about a board meeting she attended. I howled.

Ordinarily, when someone starts staring at my breasts, I assume that I’ve spilled something. After all, the girls are getting on in years. There are plenty of newer models out on the market for the lads to admire. So when I found an older gentlemen reviewing the troops during a board meeting recently, I was both flattered and stymied. What to do?

Read the rest here.

Kind of made me think of Pamela Anderson, and her “two best friends.”

What is it with people’s fascination with breasts?