There are relative victories and then there are absolute victories.
Back out an Alibaba-related gain this time around and a juicier realized gain after selling HotJobs to Monster Worldwide
The news gets better on a relative basis, since Yahoo!'s performance was better than the $0.17 a share profit on $1.07 billion in revenue that analysts were targeting.
Yahoo!'s guidance for the seasonally potent current quarter -- projecting revenue of $1.125 billion to $1.235 billion after backing out traffic acquisition costs -- may be a marked sequential improvement, but Wall Street's estimates and last year's performance are above the midrange of that outlook.
Running in place wouldn't be such a bad thing if Google
Where does Yahoo! go -- or more important, grow -- from here?
There have been unconfirmed reports that Microsoft, Alibaba, and even AOL
What is clear is that the current plan isn't really working. The status quo of hoping that Bing can make it rain purple and the original thesis that outsourcing its search would allow Yahoo! to focus on growing its display ads aren't working.
Something's got to give at Yahoo!, and it may as well be the hunter before it settles for being the hunted.
If you want to follow the Yahoo! saga closely, add Yahoo! to My Watchlist.
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Longtime Fool contributor Rick Munarriz calls them as he sees them. He does not own shares in any of the stocks in this story. Rick is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.