Yahoo To Delay Platform Upgrade - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News
News
7/19/2006
02:28 PM
50%
50%

Yahoo To Delay Platform Upgrade

Yahoo's Project Panama, which includes a new core data platform, advertising management system, search technology, and marketplace design, won't arrive until late in the fourth quarter.

Yahoo plans to delay an upgrade of its technology platform until later this year, an announcement that caused the online services giant's stock price to plunge Wednesday.

Yahoo's Project Panama--which includes a new core data platform, advertising management system, search technology and marketplace design--won't arrive until late in the fourth quarter, Yahoo CEO Terry Semel said during a second-quarter earnings conference call Tuesday. The upgrade had been expected to be delivered in the third quarter, he said.

Project Panama's complexity is the reason for the delay, and the upgrade will need to be tested while Yahoo's legacy platform will be "running in parallel," Semel said.

Yahoo shares fell by more than 20 percent Wednesday, at one point hitting a new 52-week low of $25.38. Over the past year, Yahoo's stock has fluctuated between $28.60 and $43.66, according to Yahoo Finance.

The push-back of Panama into the fourth quarter, a lack of growth in registered users and the already high expectations for the second half of the year are all negative signs for Yahoo, said financial analyst Brian Bolan of Jackson Securities.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
How to Create a Successful AI Program
Jessica Davis, Senior Editor, Enterprise Apps,  10/14/2020
News
Think Like a Chief Innovation Officer and Get Work Done
Joao-Pierre S. Ruth, Senior Writer,  10/13/2020
Slideshows
10 Trends Accelerating Edge Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/8/2020
Register for InformationWeek Newsletters
Video
Current Issue
[Special Report] Edge Computing: An IT Platform for the New Enterprise
Edge computing is poised to make a major splash within the next generation of corporate IT architectures. Here's what you need to know!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll