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Yahoo! Runs in Place

Stock quotes in this article: YHOO , GOOG , MSFT  

Updated from 12:26 p.m. EDT

It was hard not to think of the Van Halen oldie Panama during Yahoo!'s third-quarter conference call Tuesday. Only it wasn't a fit David Lee Roth belting out the words. And it certainly wasn't Sammy "I Can't Drive 55" Hagar.

Instead it was Yahoo! CEO Terry Semel, for whom 55 has been a bit of a challenge this year, given the number of speed bumps his Internet company has been hitting.

In fact, Panama is emblematic of the slow, painful turnaround for Yahoo! to reinvigorate itself into an Internet leader whose ad revenues are again growing faster than the industry at large. ...

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