Microhoo: A Lot of Nothing Happened Yesterday

Here’s the latest on Microyahoogle: MediaPost reports that while Yahoo posted better than expected earnings yesterday, Yahoo’s unchanged outlook on revenue for 2008 may not be enough for the company fend off Microsoft’s unsolicited takeover attempt, or push up its offer price.

Still, Yahoo co-founder and CEO Jerry Yang said Tuesday that the financial results showed the company’s “strategy and investments are starting to pay off” in realizing full value for the Web portal, the report said.

Yahoo executives remained silent about the Microsoft situation. But Yahoo president Sue Decker noted it was too early to say whether the recent effort to outsource paid search ads to Google would lead to a wider partnership with that company.

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