【正文】
hat I assume the ceo role to restructure and reposition the pany as a whole in order to more effectively meet the fastchanging needs of both users and partners. Since taking on the ceo role, I have had an ongoing dialogue with the board about succession timing. Thanks in large measure to your tireless efforts, we have created a more open, petitive yahoo! and we believe the time is now right to transition to a new ceo who can take the pany to the next level. Despite the external environment we face, the fact remains that yahoo! is now a significantly different pany that is stronger in many ways than it was just 18 months ago. This only makes it all the more essential that we manage this opportunity to leverage the progress up to this point as effectively as possible. I strongly believe that having transformed our platform and bet