SpringOwl Asset Management LLC sent a 99-page slide presentation to Yahoo! (NASDAQ:YHOO) for a plan to add $24 billion in value to the company’s core businesses. Core businesses exclude the Alibaba (NYSE:BABA) stake, Yahoo! Japan and real estate. The presentation does a good job at reviewing how Yahoo! arrived at its present circumstances. We’re reminded of how Yahoo! IPO’d in 1996 and was the dominant portal for users to find information in the early Internet days. The table below shows how people spent their time on Yahoo! in 2006. Users spent their time largely on email, IM, news, media and search.
|