Following Yahoo's announcement of a major company reorganization, Merrill Lynch Wednesday issued a positive report on the changes. Merrill analyst Justin Post said that Yahoo's restructuring was
consistent with its goal to improve operations and better monetize its traffic. While Yahoo's new Panama search engine should remain on track for the first quarter of 2007, the changes may create more
near-term uncertainty and risk for its rollout. The reorganization is also another reason for caution on the outlook for the first half of 2007 as new executives will need time to learn the business,
according to the report. It further noted that as a result of the management shake-up, "Sue Decker seems an increasingly likely candidate for the CEO role."
