SUNNYVALE, Calif – Yahoo Inc executives defended the company’s commitment to Internet search on Wednesday, vowing to reverse the erosion of the company’s market share and to fix the “misconception” that the company has given up on the business it helped create.
Speaking at Yahoo’s Sunnyvale, Calif., headquarters on Wednesday, a string of Yahoo executives took the stage to provide a peek at innovations that Yahoo said will distinguish its product after it completes a deal to let Microsoft Corp handle the back-end technology that powers its Internet search service.
“We have not been sitting on our backside doing nothing. We just have not been talking about it,” said Shashi Seth, Yahoo’s new Senior Vice President of Search, who joined the company last month.
“We are doing a lot to continue to invest in that space, continue to maintain our market share and grow the market share,” he said.