Yahoo CEO Carol Bartz said she will increase the company's
profitability, which she described as "pathetic" and said the
company had "become boring".
In a meeting with financial analysts, Bartz,
who has been CEO since January, said Yahoo's current profit
margin of 6% was pathetic and promised to triple operating profit
margins in the next three years.
Last week, Yahoo reported that it has increased its profits by
244%. Despite falling sales, its massive cost-cutting exercises
reduced expenditure by 18%.
The search engine's sales dropped 12% to $1,575 (£958m) in the
financial quarter ended 30 September, compared with $1,786 in the
same period last year.
Bartz said it was "a solid third-quarter that signals our major
businesses have stabilised".
"With new products like Yahoo homepage, our brand revitalisation
campaign and expansion in the Middle East through Maktoob.com, our
execution is improving and we are focused on what we do best -
being the centre of peoples' online lives," she said.
Meanwhile,
Yahoo and Microsoft have extended the deadline to finalise
their search and advertising deal, announced in July.
Yahoo has told the Securities and Exchange Commission that the
two companies need more time to finalise the details of the
deal.