SAN FRANCISCO - Yahoo!'s ( YHOO) answer to realizing more value in its business is to slash its workforce by 10%. That may be fine for now but the question investors will be asking is: What else do you have? Yahoo! shares received a bounce after it posted third-quarter earnings Tuesday that were in line with Wall Street estimates, although revenue fell short of expectations. The stock continued climbing on Wednesday, up 4.9% to $12.66 in recent trading. The company said it would cut more than 1,500 positions from its global staff by the end of the year, which will result in a savings of $400 million. But Yahoo! offered little else of what it intends to do to increase the value of its business going forward. The company's shares are down 63% from their 52-week high and many investors are still grumbling over a failed merger deal with Microsoft ( MSFT), which had offered as much as $33 a share before negotiations collapsed. Jeetil Patel, an analyst for Deutsche Bank, raised questions as to where Yahoo! expects to grow, especially when benefits seen from tweaks to its ad platform, Panama, as well as market rate pricing changes, which remove the minimum bid for sponsored search keywords, appear to be fading. "Prospects for incremental monetization gains ahead don't appear quite clear to us," he wrote in his research. Patel maintained a hold rating on Yahoo!, noting that its underlying growth and margin story is now facing pressure, along with its legacy business strategy.