Speaking to analysts to discuss its Q4 financial results, chief executive Carol Bartz, who earlier this month replaced Jerry Yang, said she was not hired simply to sell all or part of Yahoo to Microsoft.
According to reports citing the conference call, she said: "Did I come here to sell the company? No. Am I planning to immediately sell the search business? ... I did not arrive here with preconceived notions about anything."
Yahoo said that declining online ad sales was the key cause of its first revenue drop since the dotcom bust earlier this decade. Revenue was $1.8bn in Q4, a 1% decrease compared to $1.83bn for the same period of 2007.
International revenue for the fourth quarter was $468m, a 10% decrease year on year. US revenue for the fourth quarter was $1.3bn, a 2% increase year on year.
Bartz declined to detail key plans for turning the company around. Earlier this month, Yahoo said it is freezing the pay of its 13,700 employees this year. That move followed the announcement late last year that Microsoft will lay off thousands of workers.
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