Chief Yahoo Has Some Breathing Room–For Now

Jerry Yang sounded downright confident on the company’s conference call with analysts earlier this week, despite the lackluster results for the Internet giant’s second quarter.
He even cracked wise with investors, noting lightly at the onset of the call that Yahoo Inc. (YHOO)
had “quite a disclaimer.” He chimed in as executives took questions, answering more than is his custom and sounding more upbeat than he had all year.
“Frankly I think Yahoo’s ability to perform is especially impressive in light of the extraordinary events surrounding the company this year,” Yang said in his preamble.

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