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(Continued)     The RFS Newsletter, Dec. 9, 2006. Page 5
In news on Tuesday, and according to a news leak, Yahoo was planning to host a private, internal Webcast only for top executives after the close of trading Tuesday. The news leak added that some insiders are expecting major and important news for the Number 2 search company. Such news could include large layoffs or perhaps the departure of Yahoo CEO Terry Semel, who has come under growing criticism for the company's dismal performance, according to the source.

Yahoo has been beaten down in the past few months, particularly following the public release of an internal company memo titled the "Peanut Butter Manifesto." In Yahoo's (confidential!) memo, senior executive Brad Garlinghouse called for massive layoffs and a revamping of the company's overall business strategy. Several Yahoo executives have also left the company in recent months. Those include former CBS executive David Katz, who was heading up the company's Sports and Studios division.

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