Trip Chowdry, managing director at Global Equities Research, reduced estimates for Yahoo stock during the next 12 to 18 months from $14 to $12 late Wednesday based on several factors. Yahoo is losing
ad spend on both search and display ads, he wrote in a research note, explain that outsourcing search to Microsoft was a major strategic mistake the company will find it "nearly impossible" to
recover from. He explains splitting the company is not a solution, and believes it should "out innovate the market" with a strategic mindset.
