Yahoo Inc won't be consummating any deals with its jilted suitor Microsoft Corp. any time soon if Carol Bartz, the beleaguered Internet company's new chief executive, has any say in the matter.
Left on its own, Yahoo may be headed for its fourth consecutive year of lower profit even as Bartz pledges to engineer a turnaround.
The first quarter almost certainly will bring more misery. In a forecast released late Tuesday with its fourth-quarter results, Yahoo predicted its revenue for the three months ending March may plunge by as much as 16 percent from last year. The rest of the year looks so murky that Bartz didn't even bother to look beyond the first quarter, breaking from Yahoo tradition.
Despite the dour outlook, investors seemed relieved that Yahoo withstood the recession better than analysts had anticipated at the end of 2008.
Although the Sunnyvale-based company sustained a $303 million loss in the period, the performance surpassed analyst estimates after factoring out about $600 million in charges to account for 1,500 recent layoffs, office closures and the eroding value of Yahoo's European operations.
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