Other investors were not impressed, and given the lack of detail and months of vague talk, who can blame them? Ironfire Capital co-founder and managing director Eric Jackson told TheStreet that he was underwhelmed by Thompson's comments. "I wasn't really impressed," he said, in an interview. "[It] was too vague. It's all about results now." Jackson is long Yahoo! shares.
Despite showing growth for the first time since 2008, it seems like it is more of the same at Yahoo! Sure, news that talks with Alibaba are "active" about monetizing Yahoo!'s 40% stake in the company are positive. Thompson's attempt, however, to turn core Yahoo! around may fall flat if it's long on hope and short on details. The CEO said more details will be coming in the next 90 days.
It remains to be seen whether investors are willing to wait that long.
Interested in more on Yahoo!? See TheStreet Ratings' report card for this stock.Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. --Written by Chris Ciaccia in New York >To follow the writer on Twitter, go to http://twitter.com/commodity_bull. >To submit a news tip, send an email to: email@example.com
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