Ahead Of The Bell: Yahoo To Meet With Analysts

SUNNYVALE, Calif. (AP) — Yahoo Inc. will provide analysts with an extended look at its strategy for the first time in 3½ years, giving its executives a chance to explain how they plan to make up for the dramatic drop in the Internet company's stock price since the last meeting.

The Wednesday presentation, scheduled to run from 11 a.m. to 6 p.m. EDT, will be webcast at http://yhoo.client.shareholder.com/.

A lot has changed since Yahoo hosted its last analyst day in May 2006, starting at the top.

The company, based in Sunnyvale, Calif., is now being led by Silicon Valley veteran Carol Bartz, who succeeded Yahoo co-founder Jerry Yang as chief executive at the beginning of this year. Yang had supplanted Terry Semel, the CEO at the time of Yahoo's last analyst day.

Semel and Yang both stepped down largely because they weren't able to reverse an earnings slump that has decimated Yahoo's market value. The company's shares closed Tuesday at $16.69 — a 45 percent decline from their price of $30.11 after its last analyst day. The technology-laden Nasdaq composite index, which includes Yahoo, is down by 4 percent during the same period.