Of course, if that were an option being pursued, there would also likely be a settlement announced with Facebook about the patent lawsuit and granting Facebook a right to use the Overture/GoTo.com patent.
Selling under-performing businesses. It is rumored that Yahoo! will get rid of its ad technology Right Media business. If it does and can get back several hundred million dollars, it will be a win for investors. Hopefully, there are other businesses within Yahoo! that can be sold off for more cash and to reduce headcount and increase focus.
Specifically map out how Yahoo! will win in data and payments. It's not enough anymore to say that Yahoo! has 700 million users each month and therefore can make a lot of money from "data." How are they going to make money? When are they going to make money? More details please.
More headcount cuts. By my estimate, Yahoo!'s got 17,000 people working for it full-time or on contract since the layoffs two weeks ago. That's still way too many. If they got rid of ad tech and really shut down its internal search group, that would be another 3,000 people. The truth is that Yahoo! could go even deeper than that.A patent deal with Facebook. Some expect a big settlement with Facebook where Yahoo! gets a chunk of Facebook stock pre-IPO just like it did with Google in 2004. It doesn't appear that Facebook wants to do that though. Although a lot of money dropping on your lap is always a good thing, shareholders are likely to be just as excited if the two can agree on an ongoing relationship between them for traffic referrals, annual revenue payments to Yahoo!, and licensing of Yahoo!'s patents including the search patent. Yahoo! shareholders would love to hear that the company was hooking its wagon to Facebook's. Facebook would love to get its hands on Yahoo!'s users and monetize a lot of them. What if Yahoo! agreed to use Facebook Payments as its default pay service? It could be a great way for Facebook to encourage other third parties to use it versus PayPal or whatever Google is going to do with its Wallet program. Yahoo! investors would eat it up. Chart out the strategy for the core business. Even though Thompson has this reputation for being a tough talker from Boston, he hasn't said much about what he's going to do yet and we're getting close to his 90-day mark. The longer he waits, the more he makes himself a target for Dan Loeb from Third Point in the proxy battle. Therefore, I'd expect he'd start to pipe up more with some details on what he's going to do on the call today. We will see what happens on the call. I expect analysts will ask for an update on the talks with Facebook, Alibaba Group, and Softbank, but that Thompson won't have much to say.
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