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line properties
news, blogs and Web products like email, maps and weather. We tru
st the board and management will do the right thing for shareholders, even if th
is may mean accepting AOL as the surviving entity, Smith wrote.
Dynamic and wildly profitable Internet companies like Facebook and Google may ge
t most of the attention, but Silicon Valley is littered with firms that just get
by doing roughly the same thing year after year has-beens like Ask.com, a searc
h engine that no longer innovates but happily takes in $400 million in annual re
venue, turning a profit in the process. Mayer, who is 39, was hired to keep Yaho
o from suffering this sort of fate. She believed it could again become a top-tie
r tech firm that enjoyed enormous growth and competed for top talent. And two ye
ars in, Mayer, who has a tendency to compare herself with Steve Jobs, wasn t about
to abandon her turnaround plan. On the afternoon of Oct. 21, she entered a web
TV studio on Yahoo s garrisonlike campus to present the company s latest quarterly r
esults. But the presentation effectively became a response to Starboard s campaign
. Even though Yahoo s revenue had decreased in five of the past six quarters, Maye
r attested that she had great confidence in the strength of our business.