The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Earnings

10-Q Watch: Yahoo: Lawsuits; Severance; Growth Ex-Acqs.; Maven

  • Comments Comments (View)
  • Text Size: A A

No blockbusters, but a few worthwhile nuggets from Yahoo’s (NSDQ: YHOO) latest 10-Q

Lawsuits: Now that Microsoft’s (NSDQ: MSFT) bid is done for, Yahoo will keep getting fresh lawsuits, but through the end of the first quarter, there were already ten. Five were filed on the day of the Microsoft announcement, February 1, and another five were filed on February 11.

Growth ex-Acqs: Yahoo’s revenue grew by 8.7 percent in the current quarter, but last year’s revenue did have the benefit of three acquisitions: Zimbra, Blue Lithium and Right Media. Excluding those, the top-line would have only grown 6.6 percent.

Layoffs: The cost of laying off those Yahoos: “As of March 31, 2008, the Company incurred total pre-tax cash charges of approximately $29 million in severance pay expenses and related cash expenses in connection with the workforce realignment.” For the current quarter, Yahoo expects to pay another $15 million.

Maven: The exact price of Yahoo’s purchase of Maven was $163 million (it had previously said it was approximately $160 million). $141 million of that is upfront, with the rest to vest over the next four years. For the entire quarter, the company spent $166 million on acquisitions, though the rest came from asset purchases that didn’t count as business combinations.

May 9, 2008 1:09 PM ET

Posted In: Money, Earnings, M&A & Venture Capital, Mergers & Acquisitions, Companies, Yahoo

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

Android Apps (Free) Android Apps (Free)
1. Facebook for Android
2. Pandora® internet radio
3. Angry Birds
4. Words With Friends Free
5. Voxer Walkie-Talkie PTT
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff