Where have we heard this story before? A company's founder comes back to rescue it from the brink after his successor leads it astray. Oh, yeah -- it sounds like Steve Jobs and Apple
Jobs saved Apple from obscurity by delivering new, innovative, and breakthrough products like iPod, iTunes, and iPhone. Those new-to-the-world products thrust Apple into entirely new markets and revolutionized those industries. At Yahoo!, on the other hand, Yang seems to be trying to out-innovate Google
News flash about Yang's strategy: It has been tried before. Apple never did manage to dethrone the Microsoft
As for Ryan's assertion that it's difficult to muster a scenario where Yahoo!'s stock doesn't trade at least 20% higher within a couple of years, I can think of one. How about if the company continues to post lower margins, waste money on buying back its overpriced shares, and try to take on the Google behemoth on that behemoth's home turf?
For Yahoo! to thrive, it needs to focus on really improving its core strengths. Yahoo! Email and Finance would be great places to start. Bring back the magic, the speed, and the data quality along with the new features, and I just might be convinced.