Yahoo! CEO Terry Semel could be out of a job if the company fails to meet Wall Street's expectations, Jackson Securities Analyst Brian Bolan told Business Week.
"The writing is on the wall," Bolan said, speculating that CFO Susan Decker could soon take the helm. "Another quarter with a bottom-line miss will be the last one for Semel."
Yahoo's newly launched Project Panama didn't pay dividends for the company's first quarter results, according to a report in the San Jose Mercury News. Yahoo's reported net income was $142 million, or 10 cents per share. But Wall Street had expected the company to earn 11 cents per share.
In February, comScore reported Yahoo's Project Panama had made a strong debut.
Semel said the company had finished moving U.S. advertisers to the new software platform on March 30.
"In summary, we continue to make significant progress in our advertising business," Semel said during a conference call with analysts Tuesday afternoon. "We are executing aggressively against our strategy."
Semel added that Yahoo would get a boost from Panama later in the year.
In the meantime, Yahoo will need to look for ways to take advantage of its social media destination, which has about 90 million members.
