San Francisco, 20th October: In a recent conference call with analysts, Yahoo’s CFO, Tim Morse stated, “We don’t have plans to liquidate, spin off or otherwise dispose of either of these holdings”- referring to both the Alibaba stake and its holding in Yahoo Japan.   The company has a 35% stake in Yahoo Japan and a 29% indirect stake in Hong Kong-listed According to The Wall Street Journal, the combined holdings are worth US$10.3 billion.   Yahoo’s third quarter results slightly exceeded analysts’ expectations and Morse was quoted as saying, “Things [in the U.S.] are starting to loosen up. The ad dollars are starting to flow a little bit better and we think that’s good news.”   Source: The Wall Street Journal article

BIIA Newsletter November – December 2009 Issue