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Accused of Violating Contracts, Torts Yahoo! Requested U.S. $ 2.7 Billion

Kamis, 06 Desember 20120 komentar

Yahoo Inc. requested compensation of U.S. $ 2.7 billion by the 49th Civil Court of the Federal District of Mexico as a recently published on its website Yahoo. No-decision in the finals based on allegations of breach of contract and lost profits and related services yellow pages listings (yellow pages).

The lawsuit was filed by Worldwide Directories, SA de CV and Ideas Interactivas SA de CV. However, Yahoo! felt the allegations are unfounded and will appeal menajukan back.

Beautiful hands of CEO Marissa Mayer, Yahoo! seems to have improved somewhat shaken after allegedly because of competition similar sites. In the third quarter of 2012, Yahoo! reported a lowering of income. End of September, Yahoo! reported earned U.S. $ 1.202 down 1% compared to the third quarter of 2011. Of operation, Yahoo! earn revenues of U.S. $ 152 million. Smaller when compared with the same operating income in 2011, U.S. $ 177 million.

While revenues in the third quarter declined somewhat, Yahoo! reported that their overall net revenue increase. Net profit Yahoo! period of U.S. $ 3.161 billion, an increase compared to the same period of 2011 net income of U.S. $ 298.3 million. With these pencapian, Yahoo! shares rose to U.S. $ 2.64 persaham compared to last year which was only U.S. $ 23 only.

If the lawsuit is Yahoo! lost and had to pay damages of U.S. $ 2.7 billion, enough to make the company's earnings are depleted. When the appeal and did not know when the end is also going to drain their finances to pay for court funding. But as we know, the CEO of Yahoo! at this time often gives a buzz and also toughness to handle the problems facing Yahoo. Compensation issues hopefully gets his way and just decisions.
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