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Yahoo CEO Says Internet Big Enough For Google And Yahoo
By WebProNews
Staff Writer
Article Date: 2004-04-27
Yahoo CEO Terry Semel isn't worried about search engine Google's approaching IPO. Semel feels that the most anticipated public offering in years won't hurt the web's leading portal.
Semel believes that the web is big enough for both companies to thrive in. Yahoo has approximately a 5% stake in Google. Recently, Yahoo has expanded past the portal stage to directly challenge Google for search engine supremacy.
A quote from Reuters emphasizes Semel's position, "Yahoo is a company that has always had good competitors and Google will be a good competitor. There is plenty of room for Yahoo to thrive and for Google to thrive."
Yahoo has invested a great deal of money into the search industry and keyword advertising, the primary source of revenue for search engines.
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