Yahoo is doing something, says its board

INTERNET PORTAL Yahoo is definitely doing something, according to a statement put out by its board of directors.

Yahoo's future has been the subject of some debate in the last few months, as various firms either said they had once thought about buying it, or had not. It has looked like this kind of "Maybe we are, maybe we aren't" way of doing things is mirrored at the Sunnyvale company.

Unfortunately, this has not seemed to appeal to the firm's shareholders, who are demanding much stronger, faster and more decisive moves.

In a statement Yahoo's board said that the strategic review it is carrying out is underway and will, at some point, deliver some sort of return.

"Yahoo's Board of Directors' objective is, and always has been, to serve the best interests of all the company's shareholders. The Board's comprehensive strategic review is being properly managed for the benefit of all shareholders and is guided by outside counsel for the independent directors and investment bankers retained separately by the Board," it said in a written statement released to quash rumours.

"News reports based on rumor and speculation are just that. The Board's comprehensive strategic review process is still underway, with a wide range of options under active consideration. We can assure all Yahoo shareholders that whatever the outcome of the strategic review process may be, it will serve the best interests of all the company's shareholders." µ